Illinois · Census place 36126
Hopedale village, IL
Quick answer
Hopedale village has 742 residents, ranking #802 of 1462 places in Illinois. Median household income is $53,958, the median home is worth $135,600 and median gross rent runs $881 a month.
- Population
- 742Hopedale village residents
- Median household income
- $53,958Past 12 months, inflation adjusted
- Median home value
- $135,600Owner-occupied units
- Median gross rent
- $881Rent plus utilities, monthly
- Median age
- 46.9 yrsAll residents
- Homeownership rate
- 59.5%Owner-occupied households
What the numbers mean in Hopedale village
Housing cost measured against local earnings.
A household earning the Hopedale village median would spend about 19.6% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 24.1% of residents and 59.5% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
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