Sherrard, IL Profile: Facts & Data

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Sherrard, Illinois - Basic Facts

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The Village of Sherrard had a population of 595 as of July 1, 2021.

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 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 2021 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 - 2021 Demographics
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Sherrard, IL Data & Demographics (As of July 1, 2021)

POPULATION

Total Population 595 (100%)
Population in Households 595 (100.0%)
Population in Families 492 (82.7%)
Population in Group Quarters1 0
Population Density 641
Diversity Index2 13
 
 

INCOME

Median Household Income $60,707
Average Household Income $75,583
% of Income for Mortgage4 9%
Per Capita Income $31,390
Wealth Index5 72
 

HOUSING

Total HU (Housing Units) 292 (100%)
Owner Occupied HU 216 (74.0%)
Renter Occupied HU 40 (13.7%)
Vacant Housing Units 36 (12.3%)
Median Home Value $129,310
Average Home Value $190,394
Housing Affordability Index3 250
 

HOUSEHOLDS

Total Households 256
Average Household Size 2.32
Family Households 173
Average Family Size 3
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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

2010-2021 2021-2026
Population -0.65% -0.92%
Households -0.44% -0.79%
Families -0.4% -0.94%
Median Household Income   1.15%
Per Capita Income   2.45%
Owner Occupied HU   -0.66%

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, 2021 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 # 869 37th
Population Density # 974 29th
Median Household Income # 628 54th
Housing Affordability Index # 858 63rd
Per Capita Income # 573 58th
Diversity Index # 711 48th

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

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