Sherrard, IL Profile: Facts & Data

Sherrard, Illinois - Basic Facts

The Village of Sherrard had a population of 687 as of July 1, 2024.

The primary coordinate point for Sherrard is located at latitude 41.3189 and longitude -90.506 in Mercer County. The formal boundaries for the Village of Sherrard encompass a land area of 0.93 sq. miles and a water area of 0.23 sq. miles. Mercer County is in the Central time zone (GMT -6).

The Village of Sherrard 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.

The Village of Sherrard is located within Township of Richland Grove, a minor civil division (MCD) of Mercer County.

Jump to... (On This Page!)

Sherrard, IL Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	687 (100%)
Population in Households	687 (100.0%)
Population in Families	586 (85.3%)
Population in Group Quarters¹	0
Population Density	741
Diversity Index²	21


INCOME
Median Household Income	$79,282
Average Household Income	$94,177
% of Income for Mortgage⁴	10%
Per Capita Income	$40,029
Wealth Index⁵	79
Socioeconomic Status Index⁶	Moderate (58.8)

HOUSING
Total HU (Housing Units)	304 (100%)
Owner Occupied HU	252 (82.9%)
Renter Occupied HU	40 (13.2%)
Vacant Housing Units	12 ( 3.9%)
Median Home Value	$130,357
Average Home Value	$156,548
Housing Affordability Index³	211

HOUSEHOLDS
Total Households	292
Average Household Size	2.35
Family Households	215
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

304 (100%)

Owner Occupied HU

252 (82.9%)

Renter Occupied HU

40 (13.2%)

Vacant Housing Units

12 ( 3.9%)

Median Home Value

$130,357

Average Home Value

$156,548

Housing Affordability Index³

211

HOUSEHOLDS

Total Households

292

Average Household Size

2.35

Family Households

215

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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.17%	-0.44%
Households	0.16%	0.07%
Families		-0.56%
Median Household Income		1.61%
Per Capita Income		2.77%
Owner Occupied HU		0.47%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.17%

-0.44%

Households

0.16%

0.07%

Families

-0.56%

Median Household Income

1.61%

Per Capita Income

2.77%

Owner Occupied HU

0.47%

Sherrard, IL - Peer Comparisons by Rank and Percentile

The table below compares Sherrard to the other 1,462 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2024 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.

Variable Description	Rank	Percentile
Total Population	# 795	46th
Population Density	# 882	40th
Median Household Income	# 569	61st
Housing Affordability Index	# 1305	89th
Per Capita Income	# 625	57th
Diversity Index	# 744	49th

Variable Description

Rank

Percentile

Total Population

# 795

46th

Population Density

# 882

40th

Median Household Income

# 569

61st

Housing Affordability Index

# 1305

89th

Per Capita Income

# 625

57th

Diversity Index

# 744

49th

Illinois Census Data Comparison Tool

Sherrard, IL Profile: Facts & Data

Sherrard, Illinois - Basic Facts

Sherrard, IL Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Sherrard, IL - Peer Comparisons by Rank and Percentile

Sherrard, IL - Most Popular Things to Do

Use HTL Address Research for a Illinois Address and get...

Quick & Easy Ways to...

Illinois Census Data Comparison Tool

Mercer County