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Hopedale, Illinois Demographics & Population 2026

During the 2020–2024 ACS period, Hopedale, Illinois had a total population of 753, the 785th largest village in Illinois, with a median household income of $54,375, which is 35% lower than the state average. The poverty rate is 28.1%.

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

Key Takeaways

Hopedale Quick Facts

Population 753
Median Household Income $54,375
Median Home Value $144,700
Poverty Rate 28.1%
Unemployment Rate 6.3%
Median Age 44.2 years
Homeownership Rate 64.3%
Affordability Ratio 2.7x
Bachelor's Degree or Higher 22.7%
High School Graduation Rate 92.5%
Diversity Index 15/100
Population 753 785th of 1,445
Median Income $54,375 bottom 30%
Poverty Rate 28.1% 126% higher than national
Median Home Value $144,700 average

How Hopedale 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
Population742753+1.5%
Median household income$53,958$54,375+0.8%
Median home value$135,600$144,700+6.7%

How Hopedale Compares

Economy & Housing

Household Income Distribution

Under $25K 20.5%
$25K-$50K 21.9%
$50K-$100K 37.4%
$100K+ 20.2%
Detailed income brackets
Under $10K
4.7%
$10K-$15K
11.1%
$15K-$20K
2.4%
$20K-$25K
2.4%
$25K-$30K
3.4%
$30K-$35K
4.0%
$35K-$40K
7.4%
$40K-$45K
3.7%
$45K-$50K
3.4%
$50K-$60K
9.8%
$60K-$75K
14.5%
$75K-$100K
13.1%
$100K-$125K
5.1%
$125K-$150K
7.1%
$150K-$200K
5.1%
$200K+
3.0%

Employment

6.3% Unemployment Rate State: 5.8%|National: 5.2%
51.5% Labor Force Participation

Housing Overview

Owner 64.3%
Renter 35.7%
Affordability Index Very Affordable
2.7x home value to income ratio
Median gross rent $897/mo 19.8% of median household income annually

People & Demographics

Diversity Index

15out 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

Hopedale Rankings in Illinois

#785 Population of 1,445
#1071 Median Income of 1,374
#509 Education of 1,444
#574 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
Heritage Lake 1,522 $133,048 7.8% $207,300
Delavan 1,489 $62,841 11.0% $123,600

Cities Similar to Hopedale

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Saybrook744$52,721$98,10015.8%15.2%
Mulberry Grove765$57,386$88,80011.1%16.6%
Bradford772$52,292$80,70016.7%22.1%
Elizabeth775$56,250$135,90025.2%8.0%
Clay City723$53,472$83,2003.7%32.5%

A note before these figures: with a population of 753, Hopedale's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Hopedale is a small community located in Illinois, within Tazewell County. The total population is 753. It ranks as the 785th most populous out of 1,445 Census-designated places in Illinois.

Age Demographics

The median age in Hopedale is 44.2 years. This is 13% higher than the state median of 39.0 years. 19.3% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Hopedale is $54,375. This is 35% lower than the state median of $83,390. It is also 33% lower than the national median of $80,734. The poverty rate stands at 28.1%. This is 138% higher than the state poverty rate of 11.8%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 6.3%. This is 7% higher than the state rate of 5.8%. The median home value is $144,700. Housing costs are 45% lower than the state median of $263,300. With a home-value-to-income ratio of just 2.7x, Hopedale is one of the most affordable housing markets in the area. 64.3% of occupied housing units are owner-occupied. This homeownership rate is 4% lower than the state average of 67.1%.

Race & Ethnicity

Hopedale has a predominantly White (non-Hispanic) population, comprising 92.3% of all residents. Black or African American residents account for 4.7%. The White (non-Hispanic) population is significantly higher than the state average (92.3% vs 58.1%). The Black or African American population (4.7%) is well below the state average of 13.3%. The Hispanic or Latino population (2.4%) is well below the state average of 18.8%.

Education

22.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 40% lower than the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 92.5%.

Data Sources & Methodology

All demographic data for Hopedale, 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 Hopedale, Illinois?

Hopedale, Illinois has a population of 753 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Hopedale, IL?

The median household income in Hopedale is $54,375, which is 33% lower than the national median of $80,734.

What is the poverty rate in Hopedale, IL?

The poverty rate in Hopedale is 28.1%. This means approximately 177 residents live below the federal poverty line.

What is the racial makeup of Hopedale, Illinois?

Hopedale's population is 92.3% White, 4.7% Black, 2.4% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Hopedale, IL?

The median home value in Hopedale is $144,700. The home-value-to-income ratio is 2.7x.

How educated is Hopedale, Illinois?

22.7% of adults (25+) in Hopedale hold a bachelor's degree or higher, and 6.2% hold a graduate or professional degree.