ZIP 61761 - 860Z200US61761 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 61761, located in the heart of Illinois, this demographic and housing snapshot offers a clear picture of the area in 2023. With a substantial population, diverse community, and balanced housing market, this ZIP code—covering parts of Normal and surrounding areas—presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the latest data to help you make informed decisions about living or working in 61761.

Population & Households

ZIP 61761 is home to a robust population of 53,404 residents as of 2023, making it a vibrant and active community. This population is distributed across 19,933 households, reflecting a mix of family units, students, and professionals likely tied to the presence of educational institutions and local employment hubs. The total number of housing units stands at 22,037, indicating a slight surplus of available properties compared to occupied households. This could signal opportunities for buyers or renters seeking options in a moderately competitive market.

Income & Housing Costs

The median household income in ZIP 61761 is $66,642, which suggests a stable economic base for many residents. This income level supports a housing market where the median house value is $200,900—a reasonable figure for first-time buyers or investors looking for properties with potential appreciation. For renters, the median rent is $976 per month, offering a more affordable alternative to homeownership in an area with a significant student and transient population. These figures provide a balanced view of affordability and investment potential in 61761, catering to a range of financial situations.

Race & Ethnicity

The demographic makeup of ZIP 61761 reflects a predominantly white population at 75.53%, with notable representation from other groups, including Black residents at 11.32%, Asian residents at 3.89%, and Hispanic or Latino individuals at 6.99%. This diversity contributes to a culturally rich environment, which can be a draw for families, businesses, and investors looking to engage with a varied community. Understanding this composition can help tailor business offerings or community initiatives to resonate with local residents.

Key Facts

• Total population: 53,404 residents, indicating a sizable and active community.
• Total households: 19,933, reflecting a mix of family and individual living arrangements.
• Total housing units: 22,037, suggesting some availability for new occupants or investors.
• Median household income: $66,642, supporting a stable local economy.
• Median house value: $200,900, offering attainable homeownership opportunities.
• Median rent: $976, providing affordable rental options.
• Racial diversity: 75.53% white, 11.32% Black, 3.89% Asian, and 6.99% Hispanic, fostering a varied cultural landscape.

What This Means for You

For homebuyers, ZIP 61761 offers a promising market with median home values at $200,900 and a slight surplus of housing units, which could mean less competition and more negotiating power. The median income of $66,642 suggests that many residents can afford to maintain or upgrade properties, potentially increasing neighborhood value over time. Investors and real estate agents will find value in the rental market, with a median rent of $976 appealing to students and young professionals, ensuring steady demand. The population size of over 53,000 also supports a healthy tenant pool.

Small-business owners can leverage the diverse demographic profile and sizable population to target a wide customer base, whether through retail, services, or dining tailored to varied cultural preferences. Analysts studying market trends will appreciate the balanced economic indicators and housing availability, which point to a stable yet dynamic area for growth. Whether you're settling down, investing, or launching a venture, 61761 provides a solid foundation to build on.

Run This Study Yourself

• Visit ZipcodeGPT to access powerful tools for analyzing any ZIP code’s demographics and housing data.
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• Use the data to make informed decisions for your home purchase, investment strategy, or business plan.