ZIP Code 61516 Demographics

Woodford County, Illinois  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 61516 compared to county averages.

Total Population

754

↓ 98.0% vs county

Median HH Income

$84,875

↑ +6.0% vs county

Median Home Value

$122,500

↓ 34.2% vs county

Median Age

35.8 yrs

↑ 10.7% vs county

Unemployment Rate

3.0%

↑ 8.9% vs county

Income & Housing Comparison

How ZIP 61516 compares to Woodford County and Illinois overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 61516 $85k Woodford $80k Illinois $78k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 61516 $123k Woodford $186k Illinois $239k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

14.3%

of adults 25+ hold a bachelor's degree or higher

Owner Occupancy

97.8%

of occupied housing units are owner-occupied

Median Gross Rent

$925

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 61516 using local Census metrics.

Median Home Value$122,500
Down Payment (20%)$24,500
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$778P&I: $619 | Tax: $123 | Ins: $36
Rent (Local Median)
$925
Buying is CheaperBuying a home is estimated to save you $147/month compared to local rents.

How Does 61516 Compare?

Enter another ZIP code to see a side-by-side comparison.

Location & Neighboring Areas

Interactive map showing ZIP code 61516 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 61516, sorted by distance.

61561 5.1 mi away woodford county 61760 5.8 mi away woodford county 61369 8.8 mi away marshall county 61358 9.6 mi away lasalle county 61541 9.9 mi away marshall county 61321 11.4 mi away lasalle county 61375 13.6 mi away marshall county 61377 14.9 mi away marshall county

About Woodford County

Woodford County is located in Illinois and has a total population of 38,414. The county's median household income is $80,093 and median home value is $186,100. ZIP code 61516 is one of many ZCTAs within this county.

View all ZIP codes in Woodford County

Data source: American Community Survey (ACS) 2022 5-Year Estimates, U.S. Census Bureau. ZCTAs (ZIP Code Tabulation Areas) are used as proxies for USPS ZIP codes. Some USPS ZIP codes may not have a corresponding ZCTA.