62431 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Shelby County
Centroid: Latitude 39.239, Longitude -88.971
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 62431 has segments in 2 Counties (Fayette, Shelby).

Businesses Addresses: 14
PO Box Addresses: 106
Residential Addresses: 384

Multi-Family Addresses: 0
Single Family Addresses: 384

Foreclosures in IL 62431

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2023, Maps updated: August 12, 2022.

Herrick, IL 62431 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	983 (100%)
Population in Households	983 (100.0%)
Population in Families	840 (85.5%)
Population in Group Quarters¹	0
Population Density	19
Diversity Index²	7


INCOME
Median Household Income	$52,630
Average Household Income	$68,796
% of Income for Mortgage⁴	10%
Per Capita Income	$29,643
Wealth Index⁵	56

HOUSING
Total HU (Housing Units)	488 (100%)
Owner Occupied HU	345 (70.7%)
Renter Occupied HU	79 (16.2%)
Vacant Housing Units	64 (13.1%)
Median Home Value	$96,495
Average Home Value	$143,696
Housing Affordability Index³	268

HOUSEHOLDS
Total Households	424
Average Household Size	2.32
Family Households	303
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.

Herrick, IL 62431 - Peer Comparisons by Rank and Percentile

The table below compares 62431 to the other 1,371 ZIP Codes in Illinois by rank and percentile using July 1, 2022 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	2020-2022	2022-2027
Population	-0.40%	0.10%
Households	0.53%	0.28%
Families		0.20%
Median Household Income		1.63%
Per Capita Income		2.80%
Owner Occupied HU		0.35%

Variable Description	Rank	Percentile
Total Population	# 909	34th
Population Density	# 1048	23rd
Median Household Income	# 1145	17th
Housing Affordability Index	# 1146	84th
Per Capita Income	# 1104	20th
Diversity Index	# 1332	3rd

62431 ZIP Code Profile, Map, Data & Demographics

ZIP Code 62431: Basic Data & USPS Preferred City Name

Herrick, IL 62431 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Herrick, IL 62431 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 62431

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Shelby County