ZIP 62521 - 860Z200US62521 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 62521 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in central Illinois, this area offers a mix of affordability and diversity that appeals to a wide range of stakeholders. This snapshot, based on 2023 data, provides a clear picture of population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions.

Population & Households

ZIP 62521 is home to a population of 32,455 individuals, making it a moderately sized community with a stable residential base. This population is distributed across 14,003 households, reflecting a community with a strong foundation of family and individual residences. With 16,169 total housing units in the area, there’s a notable supply of homes, though not all are occupied, suggesting potential opportunities for buyers or investors looking to enter the market.

Income & Housing Costs

The median household income in ZIP 62521 stands at $66,848, indicating a solid economic base for many residents. This income level supports a housing market where the median home value is $119,900—a relatively affordable price point compared to national averages. For renters, the median monthly rent is $857, offering a cost-effective alternative to homeownership. These figures suggest that ZIP 62521 could be an attractive option for first-time buyers or investors seeking value in a stable market, as well as businesses targeting middle-income consumers.

Race & Ethnicity

The demographic makeup of ZIP 62521 reflects a predominantly white population at 74.83%, with a significant Black community comprising 16.86%. Hispanic residents account for 2.84% of the population, while Asian individuals make up 0.65%. This diversity, while not as pronounced as in larger urban centers, contributes to a varied cultural landscape that can influence community dynamics, business opportunities, and housing preferences. Understanding this composition is key for businesses aiming to cater to specific demographic needs or for buyers seeking a community that aligns with their values.

Key Facts

• Total population: 32,455 residents in ZIP 62521 as of 2023.
• Total households: 14,003, supporting a mix of family and individual living arrangements.
• Total housing units: 16,169, with some unoccupied units potentially available for purchase or rent.
• Median household income: $66,848, reflecting a middle-income community.
• Median home value: $119,900, offering affordability for buyers and investors.
• Median rent: $857 per month, a reasonable cost for renters in the area.
• Racial composition: 74.83% white, 16.86% Black, 2.84% Hispanic, and 0.65% Asian.

What This Means for You

For homebuyers, ZIP 62521 presents an affordable entry point into homeownership with a median home value of $119,900, well within reach for many middle-income families or individuals earning around the area’s median income of $66,848. The availability of housing units beyond the number of households suggests room for negotiation or selection in the market.

Real estate investors and agents will find potential in the gap between total housing units (16,169) and occupied households (14,003), which may indicate vacant properties or opportunities for rental investments, especially with a median rent of $857 that could appeal to tenants. The area’s income stability supports consistent demand for housing, reducing some investment risks.

Small-business owners can leverage the demographic diversity and income levels to tailor products or services to a primarily white and Black customer base with disposable income. The population size of 32,455 offers a sizable local market, while affordable rent costs could keep overhead low for storefronts or offices.

Analysts studying regional trends will note that ZIP 62521’s demographics and housing metrics reflect a balanced, middle-income community with growth potential, particularly in housing occupancy and business development. These insights can inform broader market studies or targeted investment strategies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 62521? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to make data-driven decisions for your home purchase, investment, or business planning with confidence.