Sherrard, IL Profile: Facts & Data

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Sherrard, Illinois - Basic Facts

The Village of Sherrard had a population of 611 as of July 1, 2019.

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 elevation is 804 feet.

The Village of Sherrard (GNIS ID: 2399803) 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.

Alternate Unofficial Names for Sherrard: Richland Grove.

Jump to... (On This Page!)
  1. Sherrard 2019 Demographic Data
  2. Growth Rates for Sherrard (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Illinois Research Tools (Easy Tools & Current Data)
  3. Illinois Data Comparison Tool - 2019 Demographics

Sherrard, IL - Most Popular Things to Do

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Sherrard, IL Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Sherrard, IL Housing Affordability Index is 226
State of Illinois Housing Affordability Index is 119
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.

WEALTH INDEX

Sherrard, IL Wealth Index is 62
State of Illinois Wealth Index is 105
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.

These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Illinois address.

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POPULATION

Total Population 611
Population in Households 611
Population in Familes 508
Population in Group Qrtrs 0
Population Density 659
Diversity Index1 12
 

INCOME

Median Household Income $59,615
Average Household Income $68,188
Per Capita Income $27,965
Wealth Index3 62

HOUSING

Total Housing Units 294 (100%)
Owner Occupied HU 214 (72.8%)
Renter Occupied HU 45 (15.3%)
Vacant Housing Units 36 (12.2%)
Median Home Value $124,576
Housing Affordability Index2 226
 

HOUSEHOLDS

Total Households 258
Average Household Size 2.37
Family Households 176
Average Family Size 3
NOTES
  1. 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 race 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.
  2. 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.
  3. 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.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population -0.5% -0.83%
Households -0.45% -0.71%
Families -0.3% -0.81%
Median Household Income   1.13%
Per Capita Income   1.86%

Sherrard, IL - Peer Comparisons by Rank and Percentile

The table below compares Sherrard to the other 1,369 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2019 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 # 861 37th
Population Density # 969 29th
Diversity Index # 750 45th
Median Household Income # 622 55th
Per Capita Income # 771 44th

Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.

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