HomeIllinoisWoodford CountySpring Bay village
Spring Bay village, Illinois: commercial real estate data.
Spring Bay village is a Census village of 520 people across 0.69 square miles of land, in Woodford County. Median household income is $61,389, 66.0 percent of occupied homes are owned.
64 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Spring Bay
What Spring Bay is
- Census place typevillage
- Land area0.69 sq mi
- Water area0.22 sq mi
- Population per square mile of land756 plus or minus 225
- County holding the largest share of its areaWoodford County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spring Bay
How many people live in Spring Bay
- Population520 plus or minus 155
- Median age41.7
- Population under 18113 plus or minus 42
- Share under 1821.7 percent plus or minus 5.0
- Population 65 and over99 plus or minus 39
- Share 65 and over19.0 percent plus or minus 4.9
- Households212 plus or minus 62
- Family households144 plus or minus 45
- Share of households that are families67.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spring Bay
Income and work in Spring Bay
- Median household income$61,389 plus or minus $14,058
- Per capita income$28,347
- Civilian labor force261 plus or minus 98
- Employed242 plus or minus 91
- Unemployed19 plus or minus 19
- Unemployment rate7.3 percent plus or minus 6.7
- Adults 25 and over355 plus or minus 108
- Adults 25 and over with a high school diploma or higher93.0 percent plus or minus 37.8
- Adults 25 and over with a bachelor degree or higher12.7 percent plus or minus 6.7
- Adults 25 and over with a graduate degree0.3 percent plus or minus 3.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spring Bay
Housing in Spring Bay
- Housing units231 plus or minus 63
- Occupied units212 plus or minus 62
- Vacant units19 plus or minus 17
- Vacancy rate8.2 percent plus or minus 7.0
- Owner occupied140 plus or minus 46
- Renter occupied72 plus or minus 33
- Ownership rate66.0 percent
- Median owner-occupied home value$130,200
- Median gross rent, monthly$1,071
- Annual rent as a share of median income20.9 percent plus or minus 5.4
- Single family units194 plus or minus 60
- Share single family84.0 percent
- Units in buildings of two or more18 plus or minus 19
- Share in buildings of two or more7.8 percent plus or minus 8.0
- Mobile homes19 plus or minus 12
- Median year structure built1968
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spring Bay
How Spring Bay gets to work
- Workers 16 and over who commute228 plus or minus 90
- Commuting under 15 minutes47 plus or minus 33
- Share commuting under 15 minutes20.6 percent plus or minus 12.1
- Commuting 30 minutes or more73 plus or minus 45
- Share commuting 30 minutes or more32.0 percent plus or minus 15.3
- Drove alone86.4 percent
- Carpooled7.9 percent plus or minus 5.0
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home5.8 percent plus or minus 3.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spring Bay
SBA loans in Spring Bay (504)
- Approvals1
- Gross approval$286,000
- Average approval$286,000
- Median approval$286,000
- Largest approval$286,000
- Jobs supported10
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Spring Bay
Flood risk in Spring Bay
- Listed NFIP communities1
- Of those, participating1
- NFIP community number170887
- Currently effective map date09/17/10
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Woodford County, not Spring Bay
Woodford County context, not Spring Bay figures
These are Woodford County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Spring Bay measurements.
- Establishments in Woodford County793
- Employment at those establishments, Woodford County8,503
- Covered employment, Woodford County11,428
- Average annual pay, Woodford County$54,993
- Average weekly wage, Woodford County$1,058
- Housing units permitted, Woodford County31
- Of those, single family, Woodford County31
- County product, 2024, Woodford County$1,783,290,000
- County product change over the prior year, Woodford County5.5 percent
- Average income of an arriving household, Woodford County$63,739
Every figure in this section is published for Woodford County as a whole and is not a measurement of Spring Bay. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Spring Bay questions, answered from the record.
How many people live in Spring Bay, Illinois?
520, in 212 households. Spring Bay village covers 0.69 square miles of land, which is 756 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Spring Bay in?
Woodford County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Spring Bay?
$61,389. The median owner-occupied home is valued at $130,200. Median gross rent is $1,071 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Is Spring Bay in the National Flood Insurance Program?
Yes. Spring Bay appears in the FEMA Community Status Book as community 170887, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Spring Bay figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Woodford County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Spring Bay.
Is zoning published for Spring Bay?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.