Hennepin, IL Profile: Facts & Data

The Village of Hennepin had a population of 753 as of July 1, 2023. Hennepin ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Illinois. See peer rankings below.

The primary coordinate point for Hennepin is located at latitude 41.2542 and longitude -89.3423 in Putnam County. The formal boundaries for the Village of Hennepin encompass a land area of 5.26 sq. miles and a water area of 0.37 sq. miles. Putnam County is in the Central time zone (GMT -6).

The Village of Hennepin has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Hennepin, IL Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	753 (100%)
Population in Households	742 (98.5%)
Population in Families	583 (77.4%)
Population in Group Quarters¹	11 ( 1.5%)
Population Density	142
Diversity Index²	22


INCOME
Median Household Income	$74,705
Average Household Income	$88,288
% of Income for Mortgage⁴	14%
Per Capita Income	$35,774
Wealth Index⁵	64
Socioeconomic Status Index⁶	Moderate (54.3)

HOUSING
Total HU (Housing Units)	355 (100%)
Owner Occupied HU	219 (61.7%)
Renter Occupied HU	86 (24.2%)
Vacant Housing Units	50 (14.1%)
Median Home Value	$177,381
Average Home Value	$186,416
Housing Affordability Index³	154

HOUSEHOLDS
Total Households	305
Average Household Size	2.43
Family Households	190
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Hennepin, IL - Peer Comparisons by Rank and Percentile

The table below compares Hennepin to the other 1,464 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2023	2023-2028
Population	-0.64%	-0.59%
Households	-0.50%	-0.40%
Families		-0.32%
Median Household Income		1.58%
Per Capita Income		2.31%
Owner Occupied HU		-0.37%

Variable Description	Rank	Percentile
Total Population	# 771	47th
Population Density	# 1377	6th
Median Household Income	# 529	64th
Housing Affordability Index	# 840	57th
Per Capita Income	# 729	50th
Diversity Index	# 673	54th

Hennepin, IL Profile: Facts & Data

Hennepin, Illinois - Basic Facts

Hennepin, IL Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Hennepin, IL - Peer Comparisons by Rank and Percentile

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