Lake of the Woods

Population: 1,976
Median household income: $69,054
Median home value: $194,300

Lake of the Woods is a community in Champaign County, Illinois, home to 1,976 residents. Its median household income of $69,054 runs above the Champaign County figure of $63,091.

Between 2019 and 2023, Lake of the Woods's population declined 17.8% from 2,404 to 1,976, while its median home value rose 69.5% from $114,600 to $194,300.

The median resident is 41.1 years old. The largest age group is 5 to 17, 22.3% of residents.

Demographics

ACS 2019–2023

Population: 1,976
Median age: 41.1 yrs
Median household income: $69,054
Median home value: $194,300
Median gross rent: $1,201
Housing units: 763
Homeownership rate: 82.6%
Bachelor's degree or higher: 38.0%
Unemployment rate: 9.9%

Trends

ACS 5-year · 2019–2023

Population

2,4041,976

Median household income

$58,034$69,054

Median home value

$114,600$194,300

Median gross rent

$926$1,201

Year	Population	Median household income	Median home value	Median gross rent
2019	2,404	$58,034	$114,600	$926
2020	2,515	$59,257	$148,200	—
2021	2,297	$62,432	$165,400	$1,035
2022	2,350	$69,191	$197,100	$1,102
2023	1,976	$69,054	$194,300	$1,201

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 54.4%

5 to 1722.3%

18 to 243.6%

25 to 3412.6%

35 to 4415.7%

45 to 5413.2%

55 to 648.3%

65 to 749.7%

75 and over10.4%

	Count	Share
Under 5	86	4.4%
5 to 17	440	22.3%
18 to 24	71	3.6%
25 to 34	248	12.6%
35 to 44	310	15.7%
45 to 54	260	13.2%
55 to 64	164	8.3%
65 to 74	191	9.7%
75 and over	206	10.4%

Race & ethnicity

	Count	Share
White (non-Hispanic)	1,896	96.0%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	17	0.9%
Two or more races	21	1.1%
Hispanic or Latino (any race)	42	2.1%

Educational attainment (age 25+)

No high school diploma2.7%

High school graduate35.4%

Some college or associate's23.9%

Bachelor's degree26.0%

Graduate or professional degree12.0%

	Count	Share
No high school diploma	37	2.7%
High school graduate	488	35.4%
Some college or associate's	330	23.9%
Bachelor's degree	359	26.0%
Graduate or professional degree	165	12.0%

Commute to work

Mean travel time to work: 19 min

Drove alone73.9%

Carpooled24.6%

Public transit0.0%

Walked1.5%

Bicycle0.0%

Worked from home0.0%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	675	73.9%
Carpooled	225	24.6%
Public transit	0	0.0%
Walked	14	1.5%
Bicycle	0	0.0%
Worked from home	0	0.0%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	275	30.1%
15 to 29 min	551	60.3%
30 to 44 min	65	7.1%
45 to 59 min	0	0.0%
60+ min	23	2.5%

Households

Average household size: 2.59
Poverty rate: 6.9% (137 of 1,976)

	Count	Share
Family households	547	71.7%
Nonfamily households	216	28.3%

Housing

Median year structure built: 1993

Occupancy

	Count	Share
Occupied	763	100.0%
Vacant	0	0.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	630	82.6%
Renter-occupied	133	17.4%

1-unit, detached58.3%

1-unit, attached3.9%

2 to 4 units0.0%

5 to 19 units0.0%

20 or more units3.4%

Mobile home & other34.3%

Units in structure

	Count	Share
1-unit, detached	445	58.3%
1-unit, attached	30	3.9%
2 to 4 units	0	0.0%
5 to 19 units	0	0.0%
20 or more units	26	3.4%
Mobile home & other	262	34.3%

Geography

Place GEOID: 1741346
Type (LSAD): 57
Land area: 1.68 sq mi
Water area: 0.08 sq mi
Center point: 40.2052, -88.3746