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Spring Bay, IL
Full City Profile · Illinois · Peoria County County
2.8
/5.0
C+
Fair
519
Population
752/sq mi density
$61,111
Median Income
$27,850 per capita
$134,900
Home Value
$119,696 Zillow
$1,083
Median Rent
35.5% income on rent
53°F
Avg Temperature
275 sunny days/yr
379
Violent Crime/100K
2,568 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.2 / 5.0
$61,111 median income, 4.0% unemployment
A+
Affordability
5.0 / 5.0
$134,900 home value, $1,083/mo rent
F
Safety
1.0 / 5.0
379 violent crimes/100K
D
Education
1.9 / 5.0
11.5% bachelor's degree or higher
Housing Overview
Median Home Value
$134,900
52% below
US avg: $281,900
Median Rent
$1,083/mo
7% below
US avg: $1,163/mo
Homeownership Rate
64.9%
1% below US avg (65.4%)
Total Housing Units
192
Median year built: 1971
Home Value by Source
Census Median
$134,900
Zillow (ZHVI)
$119,696
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
64.9%
Owner-Occupied
35.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$1,083/mo
Affordability & Housing Stock
Rent Burden
35.5%
of renters spending 30%+ of income on housing
15% above US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
64.9%
Complete Housing Data
Home Values
| Census Median Value | $134,900 |
| Zillow Home Value (ZHVI) | $119,696 |
Rent
| Census Median Rent | $1,083 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
Ownership & Stock
| Owner-Occupied | 64.9% |
| Renter-Occupied | 35.1% |
| Homeownership Rate | 64.9% |
| Total Housing Units | 192 |
| Median Year Built | 1971 |
| Rent Burden | 35.5% |