Heritage Lake, IL
Population 1,708 · Illinois
About Heritage Lake, IL
Heritage Lake is a small town located in Illinois with a population of 1,708 residents according to the latest US Census Bureau American Community Survey data. The median household income is $117,422 per year, which is 56% above the national median of $75,149. The median age of 40.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Heritage Lake features a median home value of $210,600, which is 14% below the national median of $244,900. This positions Heritage Lake in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 609 total housing units, 97% are owner-occupied (593 units) and 3% are renter-occupied (16 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Heritage Lake shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Heritage Lake have an average one-way commute time of 30.5 minutes.
Education & Demographics
37.5% of Heritage Lake residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Heritage Lake, IL
Compared to national averages, Heritage Lake has a median household income of $117,422 (56% above the national median of $75,149). Home values average $210,600, which is 14% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Heritage Lake's income is 56% above the state average of $75,072, and home values are 27% above the state median of $165,779.
Why Live in Heritage Lake, IL?
Heritage Lake offers a strong local economy with a median household income of $117,422, well above the national average, and affordable housing with a median home value of $210,600, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 37.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 10.2%, better than the national average.
Heritage Lake has a population of 1,708 with a median age of 40.3 years. Compare Heritage Lake with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Heritage Lake
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Carrier Mills | 1,702 | $50,269 | $57,300 | Compare |
| De Soto | 1,701 | $52,131 | $88,800 | Compare |
| Cairo | 1,699 | $35,493 | $28,200 | Compare |
| Teutopolis | 1,693 | $96,875 | $230,400 | Compare |
| Washington Park | 1,728 | $42,008 | $43,200 | Compare |
| Steeleville | 1,732 | $60,982 | $155,100 | Compare |
| Venice | 1,682 | $34,609 | $54,000 | Compare |
| Hillcrest | 1,679 | $77,609 | $151,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Heritage Lake With Other Cities
Frequently Asked Questions about Heritage Lake
What is the population of Heritage Lake, IL?
The population of Heritage Lake, IL is 1,708 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Heritage Lake?
The median household income in Heritage Lake, IL is $117,422 per year, which is 56% above the national median of $75,149.
What is the median home value in Heritage Lake?
The median home value in Heritage Lake, IL is $210,600, which is 14% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Heritage Lake?
The median monthly rent in Heritage Lake, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Heritage Lake?
The unemployment rate in Heritage Lake, IL is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Heritage Lake, IL a good place to live?
Heritage Lake offers above-average incomes, affordable housing, and a strong job market. With a population of 1,708 and a median age of 40.3, the city appeals to a broad range of residents.
How educated is Heritage Lake, IL?
37.5% of residents in Heritage Lake aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Heritage Lake?
Key cost-of-living indicators for Heritage Lake, IL: median home value is $210,600 (14% below national), median rent is $0/month, and median household income is $117,422. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Heritage Lake?
The poverty rate in Heritage Lake, IL is 10.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Heritage Lake, IL?
Heritage Lake's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.