ZIP 62526 - 860Z200US62526 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 62526 for your next home, investment property, or business location, understanding the local demographics and housing landscape is essential. Located in central Illinois, this area offers a mix of affordability and diversity that can appeal to a wide range of interests. Whether you’re a homebuyer looking for value, an investor seeking opportunities, or a small-business owner evaluating market potential, this snapshot of ZIP 62526 provides the data-driven insights you need to make informed decisions. Using the latest 2023 figures, we’ll break down population stats, household income, housing costs, and racial composition to give you a clear picture of life in this community.

Population & Households

ZIP 62526 is home to a population of 31,191 residents, making it a moderately sized community with a stable residential base. This population is spread across 14,183 households, indicating a mix of family and individual living arrangements. With 16,425 total housing units in the area, there’s a notable number of vacant or potentially available properties—about 2,242 units. This could signal opportunities for buyers or investors looking to enter the market, as well as for businesses aiming to serve a growing or shifting population. The balance of households to population suggests an average household size of roughly 2.2 people, which aligns with smaller family units or solo dwellers, a key consideration for housing demand and business targeting.

Income & Housing Costs

The median household income in ZIP 62526 stands at $48,222, reflecting a working-class community with moderate earning power. For homebuyers, this income level suggests affordability is a priority, and the housing market aligns with that need. The median house value is $91,500, which is notably lower than many national averages, offering a cost-effective entry point for first-time buyers or investors seeking rental properties. Meanwhile, the median rent is $785 per month, making renting a viable option for those not ready to buy. This rent-to-income ratio (about 19.5% of median income) indicates that housing costs are generally manageable for residents, a positive sign for both renters and landlords assessing financial stability in the area.

Race & Ethnicity

The demographic makeup of ZIP 62526 reflects a diverse community with a majority White population at 67.58%. The Black population accounts for 22.17%, while Asian residents make up 1.98%, and Hispanic or Latino individuals represent 3.1% of the population. This diversity can be a strength for businesses looking to cater to varied cultural preferences or for investors considering the inclusivity of the area. For homebuyers, it suggests a community with a blend of perspectives and backgrounds, which may contribute to a vibrant local culture. Understanding this composition helps stakeholders anticipate community needs, from product offerings to housing styles.

Key Facts

• Total population: 31,191 residents in ZIP 62526 as of 2023.
• Total households: 14,183, with an average size of about 2.2 people.
• Total housing units: 16,425, with approximately 2,242 units potentially vacant.
• Median household income: $48,222, indicative of a working-class community.
• Median house value: $91,500, offering affordability for buyers and investors.
• Median rent: $785, a reasonable cost relative to local income levels.
• Racial composition: 67.58% White, 22.17% Black, 1.98% Asian, 3.1% Hispanic.

What This Means for You

For homebuyers, ZIP 62526 presents an affordable market with a median home value of $91,500, well below many regional benchmarks. This could be your chance to secure a property without stretching your budget, especially if you’re a first-time buyer or looking for a fixer-upper. Investors and real estate agents will note the surplus of housing units—over 2,000 beyond current household numbers—which may point to undervalued properties or rental potential in a market with reasonable demand. The median rent of $785 also supports a steady rental income stream with manageable tenant affordability. Small-business owners can leverage the area’s diversity and moderate income levels to offer value-driven products or services tailored to a working-class demographic. Analysts studying market trends will find the population size and diversity useful for forecasting growth or identifying underserved niches. Across all groups, the data underscores a community with accessible housing and a balanced cost of living, ripe for strategic moves.

Run This Study Yourself

• Curious about diving deeper into ZIP 62526 or comparing it with other areas? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Input any ZIP code to access detailed population, income, and housing metrics tailored to your needs.
• Use the insights to inform your homebuying, investment, or business decisions with confidence.