61862 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Champaign County
Centroid: Latitude 40.273, Longitude -88.042
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 61862 has segments in 2 Counties (Champaign, Vermilion).

Businesses Addresses: 9
PO Box Addresses: 77
Residential Addresses: 122

Multi-Family Addresses: 0
Single Family Addresses: 122

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2020, Maps updated: May 1, 2020.

Penfield, IL 61862 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	543 (100%)
Population in Households	543 (100.0%)
Population in Families	446 (82.1%)
Population in Group Quarters¹	0
Population Density	16
Diversity Index²	13


INCOME
Median Household Income	$75,645
Average Household Income	$90,097
% of Income for Mortgage⁴	10%
Per Capita Income	$35,508
Wealth Index⁵	101

HOUSING
Total HU (Housing Units)	233 (100%)
Owner Occupied HU	175 (75.1%)
Renter Occupied HU	39 (16.7%)
Vacant Housing Units	19 ( 8.2%)
Median Home Value	$183,140
Average Home Value	$197,571
Housing Affordability Index³	259

HOUSEHOLDS
Total Households	214
Average Household Size	2.54
Family Households	149
Average Family Size	3

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.

Penfield, IL 61862 - Peer Comparisons by Rank and Percentile

The table below compares 61862 to the other 1,372 ZIP Codes in Illinois by rank and percentile using July 1, 2020 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	2010-2020	2020-2025
Population	1.13%	0.98%
Households	1.27%	1.1%
Families	1.11%	0.92%
Median Household Income		2.83%
Per Capita Income		2.45%
Owner Occupied HU		1.23%

Variable Description	Rank	Percentile
Total Population	# 1118	19th
Population Density	# 1198	13th
Median Household Income	# 293	79th
Housing Affordability Index	# 803	59th
Per Capita Income	# 357	74th
Diversity Index	# 714	48th

Penfield, IL 61862 ZIP Code Profile

ZIP Code 61862: Basic Data & USPS Preferred City Name

Penfield, IL 61862 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Penfield, IL 61862 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 61862

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