Volo, Illinois.
Typical home $380,701 (+4.9% in a year), asking rent $2,655 . Chicago-Naperville-Elgin, IL-IN-WI metro.
to buy the typical home at today's mortgage rate — +$1,152 (+136%) since Jan 2020.
- 1 year
- Up $17,637 +5%
- $363,063$380,701 since Sep 2025
- 5 years
- Up $99,923 +36%
- $280,777$380,701 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Volo$1,998
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Volo, IL rose 4.9% over the past year — faster than the nation's +1.2%.
Living in Volo, Lake County, Illinois
Volo is a village of 6,122 people in Lake County. Half its households earn more than $160,792 a year and half less, against $110,416 across Lake County; 2% of its people live below the poverty line. Unemployment in Lake County was 3.8% in August 2026, and the county had 1.1% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Volo is a village in Lake County, Illinois, with a younger population than many towns its size and incomes well above the county's. Very few households live below the poverty line, and more adults hold a four-year degree than across the country as a whole. Winters are cold and snowy, with January the coldest month, and summers are warm in July, with a fair amount of rain and melted snow across the year.
Work. Residents work mostly in schools, hospitals and social care, in professional and business services, in manufacturing, and in banks, insurance and property. Across Lake County, some of the largest workplaces are AbbVie, Abbott and Discover Financial Services. Unemployment in the county is lower than it was a year ago, though the county has fewer jobs than the year before, and commutes tend to run long, with a good number of people working from home.
Things to do. Volo Auto Museum and Wooster Lake are in or beside town, and Moraine Hills State Park, a protected natural area, is a short drive away. Farther afield, Six Flags Great America is an amusement park a longer drive away, and the Chicago Botanic Garden is a botanical garden that is also a longer drive.
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- 2,263households
- 52%of adults have a degree
- 2%below the poverty line
- 32 mintypical commute
- 20%work from home
What residents work in
Employed residents by industry, from the Census survey. Lake County had 325,826 jobs in 2025, 1.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 31° and lows near 13°; warmest in July, with highs near 84° and lows near 62°. About 34 inches of snow and 37 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Mc Henry -wg Stratton L&d weather station, 5 miles away (NOAA).
Largest workplaces in Lake County
- AbbVie (Abbott Park )Pharmaceutical preparations manufacturing8,297
- AbbVie - US FieldOffice administration services6,857
- AbbottSurgical and medical instrument manufacturing4,909
- Discover Financial ServicesOffice administration services4,822
- AbbVie (Mettawa)Office administration services3,503
- CDWComputer peripheral equipment merchant wholesalers3,224
- AbbVie (North Chicago)Pharmaceutical preparations manufacturing3,218
- Zebra Technologies Corporation (IL151)Computer terminals manufacturing2,548
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 579 workplaces with 20 or more staff, 117,782 people in all across the county; Volo has two of its own. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesRelatively high
- TornadoesRelatively high
- Inland floodingRelatively high
- Strong windrelatively high in parts of VoloRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Volo’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Lake County and the Chicago-Naperville-Elgin, IL-IN-WI metro.
Volo home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Volo$380,701
- Illinois$295,943
- United States$366,157
Sellers are cutting prices on about 1 in 4 Volo listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
Not enough data to draw this yet.
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Volo19
New listings per month
Sellers arriving at the market.
- Volo9
Zip codes with a Volo address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Volo — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zillow publishes no zip-level series with this city on the address.