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Heritage Lake, Illinois Demographics & Population 2026

Very AffordableHome value to income ratio of 1.6x is exceptionally low

During the 2020–2024 ACS period, Heritage Lake, Illinois had a total population of 1,522, the 577th largest community in Illinois, with a median household income of $133,048, which is 60% higher than the state average. The poverty rate is 7.8%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Heritage Lake Quick Facts

Population 1,522
Median Household Income $133,048
Median Home Value $207,300
Poverty Rate 7.8%
Unemployment Rate 0.0%
Median Age 42.1 years
Homeownership Rate 100.0%
Affordability Ratio 1.6x
Bachelor's Degree or Higher 33.7%
High School Graduation Rate 100.0%
Diversity Index 2/100
Population 1,522 577th of 1,445
Median Income $133,048 top 10%
Poverty Rate 7.8% 38% lower than national
Median Home Value $207,300 top 30%

How Heritage Lake Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population1,7081,522-10.9%
Median household income$117,422$133,048+13.3%
Median home value$210,600$207,300-1.6%

How Heritage Lake Compares

Economy & Housing

Household Income Distribution

Under $25K 9.3%
$25K-$50K 0.0%
$50K-$100K 26.4%
$100K+ 64.3%
Detailed income brackets
Under $10K
0.0%
$10K-$15K
0.0%
$15K-$20K
9.3%
$20K-$25K
0.0%
$25K-$30K
0.0%
$30K-$35K
0.0%
$35K-$40K
0.0%
$40K-$45K
0.0%
$45K-$50K
0.0%
$50K-$60K
5.4%
$60K-$75K
11.4%
$75K-$100K
9.6%
$100K-$125K
12.1%
$125K-$150K
18.0%
$150K-$200K
23.1%
$200K+
11.0%

Employment

0.0% Unemployment Rate State: 5.8%|National: 5.2%
62.1% Labor Force Participation

Housing Overview

Owner 100.0%
Renter 0.0%
Affordability Index Very Affordable
1.6x home value to income ratio

People & Demographics

Diversity Index

2out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 61 | National average: 61

Education

Heritage Lake Rankings in Illinois

#577 Population of 1,445
#87 Median Income of 1,374
#275 Education of 1,444
#355 Home Value of 1,372

Other Cities in Tazewell County

CityPopulationMedian IncomePovertyHome Value
East Peoria 22,324 $71,833 11.8% $163,500
Morton 16,595 $94,402 6.5% $239,400
Washington 15,919 $95,179 5.1% $221,900
Creve Coeur 4,621 $47,993 17.7% $85,500
Marquette Heights 2,492 $75,625 3.7% $123,800
Tremont 2,366 $79,810 5.1% $187,400
Mackinaw 1,979 $67,292 8.2% $158,300
North Pekin 1,571 $80,224 7.7% $125,600
Delavan 1,489 $62,841 11.0% $123,600
Minier 1,102 $88,542 6.3% $148,400

Cities Similar to Heritage Lake

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Leland Grove1,517$130,833$274,30067.6%2.9%
Lake Camelot1,629$133,656$236,40039.0%0.0%
Port Barrington1,477$149,886$379,60049.2%2.7%
Twin Grove1,458$116,250$264,80059.7%4.2%
Big Rock1,548$162,854$337,90020.6%3.2%

Population Overview

Heritage Lake is a small community located in Illinois, within Tazewell County. The total population is 1,522. It ranks as the 577th most populous out of 1,445 Census-designated places in Illinois.

Age Demographics

The median age in Heritage Lake is 42.1 years. This is 8% higher than the state median of 39.0 years.

Economy, Income & Housing

The median household income in Heritage Lake is $133,048. This is 60% higher than the state median of $83,390. It is also 65% higher than the national median of $80,734. The poverty rate stands at 7.8%. This is 34% lower than the state poverty rate of 11.8%. The survey records no unemployed residents in Heritage Lake, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $207,300. Housing costs are 21% lower than the state median of $263,300. With a home-value-to-income ratio of just 1.6x, Heritage Lake is one of the most affordable housing markets in the area. 100.0% of occupied housing units are owner-occupied. This homeownership rate is 49% higher than the state average of 67.1%.

Race & Ethnicity

Heritage Lake has a predominantly White (non-Hispanic) population, comprising 98.9% of all residents. The White (non-Hispanic) population is significantly higher than the state average (98.9% vs 58.1%).

Education

33.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 11% lower than the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. No surveyed resident aged 25 or older reported leaving school before earning a high school diploma, though a rate of exactly 100% reflects the limits of a small sample.

Data Sources & Methodology

All demographic data for Heritage Lake, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Heritage Lake, Illinois?

Heritage Lake, Illinois has a population of 1,522 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Heritage Lake, IL?

The median household income in Heritage Lake is $133,048, which is 65% higher than the national median of $80,734.

What is the poverty rate in Heritage Lake, IL?

The poverty rate in Heritage Lake is 7.8%. This means approximately 118 residents live below the federal poverty line.

What is the racial makeup of Heritage Lake, Illinois?

Heritage Lake's population is 98.9% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Heritage Lake, IL?

The median home value in Heritage Lake is $207,300. The home-value-to-income ratio is 1.6x.

How educated is Heritage Lake, Illinois?

33.7% of adults (25+) in Heritage Lake hold a bachelor's degree or higher, and 7.7% hold a graduate or professional degree.