Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 39.3 yrs |
|---|---|
| Avg HH Size | 3.00 |
| Below Poverty | 3.3% ▼ 67% below avg |
| College Grads | 28.0% ▼ 28% below avg |
| Unemployment | 1.7% ▼ 65% below avg |
| HS Graduate | 206 (53%) |
| Some College | 52 (13.4%) |
| Associates | 22 (5.7%) |
| Bachelors | 33 (8.5%) |
| Graduate Degree | 76 (19.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $107,917 ▲ 41% above avg |
|---|---|
| Median Home Value | $133,800 ▼ 52% below avg |
| Home/Income Ratio | 1.2x (nat avg ~3.5x) |
| Median Rent | $647/mo |
| Total Housing Units | 224 |
| Vacant Units | 23 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Penfield is a city in Illinois, located in Champaign County. The city spans 1 ZIP code and is home to approximately 602 residents. It is a middle-aged city, with a median age of 39.3 years.
Economically, Penfield is a upper-middle-income community. The median household income of $107,917 is above the national average. Approximately 3.3% of residents live below the poverty line. The unemployment rate is 1.7%, well below the national average.
The real estate market in Penfield is one of the more affordable housing markets in the country. Median home values stand at $133,800, which is well below the national average. Renters typically pay around $647 per month. Homeownership is high at 86.6%, typical of suburban and family-oriented communities.
The population of Penfield is moderately educated. 28.0% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (97.84%).
Penfield, IL offers residents above-average earning potential within Illinois.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 61862 | 602 | $107,917 | $133,800 | $647 | 1.7% | 28.0% | 86.6% |