Pontiac, IL

This city of 10,860 residents needs 252 more housing units over the next five years.

Housing snapshot

Population
10,860 (2026)
Households
4,461
Median household income
$68,397 (2026)
Typical home value
$162,113
Owner-occupied
57%
Five-year housing need
252 units

Comparison to other Illinois municipalities

Pontiac: $68,397 Median income (2026 estimate)
<$26K >$180K
Pontiac: 0.95 jobs to household ratio
<0.06 >2.32
Pontiac: Permits since 2021 represent 0.3% of housing
<0% >5.1%
On this page

How affordable is this community?

At $162,113, typical home prices in Pontiac, IL are close to the Illinois average of $175,449. Pontiac, IL's median household income of $68,397 comfortably exceeds what is needed to afford the typical home, making this a relatively affordable market.

This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.

How is the population changing?

Pontiac, IL has a population of roughly 11,294, though it has been declining at 0.6% per year.

Population growth patterns reveal how communities are evolving. This chart shows historical population changes by age group and projects future trends based on demographic patterns.

How has employment changed over time?

Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.

How are households changing by income?

Pontiac, IL has roughly 4,461 households, though population has been declining at 0.6% per year.

Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.

Who lives here today?

In Pontiac, IL, detached single-family accounts for 65% of the housing stock. Homeownership is the norm in Pontiac, IL, with 57% of units owner-occupied.

Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.

What does the housing stock look like?

The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.

How much new housing supply is needed?

To keep up with growth and fill current housing shortages, Pontiac, IL needs 252 new units over the next 5 years.

131
Units needed to keep up with expected growth
Projected total household growth from 2026 to 2031.
2.9%
Projected household growth rate
Expected increase in total households from 4,461 in 2026 to 4,592 in 2031.
121
Units to address shortages in existing housing stock
Production needs to address vacancy rates and other factors.
47
Replacement housing
Effective annual loss rate is 1.9 per 1,000 units.
13
Ownership vacancy adjustment
Owner-occupied vacancy is 1.1%. This is below the minimum stable target of 1.5%.
45
Rental vacancy adjustment
Rental vacancy is 5.0%. This is below the minimum stable target of 7.4%.
16
Substandard housing adjustment
Substandard housing rate is 1.35%. This is above National avg. of 0.98%.
252
Total 5-year housing production need (2026-2031)
50
Annual production pace
Average units needed per year to meet 5-year need
5.1%
Total housing unit growth
Percent increase in housing stock over 5 years
1.0%
Annual housing unit growth
Average percent increase in housing stock per year

How does this place compare to similar communities?