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Hopedale, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
753
Population
$54,375
Median Income
$144,700
Home Value
44.2
Median Age

Demographics

Hopedale has a population of 753 with a median age of 44.2. Here is the racial and ethnic breakdown of the population:

White
93.2%
Black
4.6%
Hispanic
2.4%
Demographic Value
Total Population753
Median Age44.2
White93.2%
Black or African American4.6%
Hispanic or Latino2.4%
Hopedale, Illinois — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 93.0%Black: 4.6%Hispanic/Latino: 2.4%753PopulationWhiteWhite93.0%BlackBlack4.6%Hispanic/LatinoHispanic/Latino2.4%

Income & Economy

The median household income in Hopedale is $54,375, which is 32.5% below the national median of $80,610. The per capita income is $27,751. The poverty rate is 28.1%.

$54,375
Median Household Income
$27,751
Per Capita Income
28.1%
Poverty Rate

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Education

In Hopedale, 92.6% of residents age 25+ have a high school diploma or higher, and 22.7% hold a bachelor's degree or higher (6.2% with a graduate or professional degree).

HS Diploma+
92.6%
Bachelor's+
22.7%
Graduate+
6.2%
Education Level % of Adults (25+)
High School Diploma or Higher92.6%
Bachelor's Degree or Higher22.7%
Graduate or Professional Degree6.2%

Housing

The median home value in Hopedale is $144,700, below the national median of $303,400. The median monthly rent is $897. The homeownership rate is 64.3%.

$144,700
Median Home Value
$897/mo
Median Rent
64.3%
Homeownership Rate
Housing Metric Value
Median Home Value$144,700
Median Monthly Rent$897
Homeownership Rate64.3%
Vacancy Rate11.1%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Hopedale, Illinois?
The population of Hopedale, Illinois is 753 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Hopedale, Illinois?
The median household income in Hopedale, Illinois is $54,375. This is 32.5% below the national median of $80,610.
What is the median home value in Hopedale, Illinois?
The median home value in Hopedale, Illinois is $144,700. The median monthly rent is $897.
What percentage of people in Hopedale have a college degree?
In Hopedale, Illinois, 22.7% of adults age 25 and older hold a bachelor's degree or higher, and 92.6% have a high school diploma or higher.
Is Hopedale, Illinois an affordable place to live?
The home price-to-income ratio in Hopedale, Illinois is 2.7x (median home value $144,700 vs. median income $54,375), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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