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Hopewell village, Illinois Demographics & Population 2026

Very AffordableHome value to income ratio of 1.8x is exceptionally low

As of 2026, Hopewell village, Illinois has a total population of 538, the 921st largest city in Illinois, with a median household income of $105,000, which is 29% higher than the state average. The poverty rate is 2.8%.

Key Takeaways

Hopewell village Quick Facts

Population 538
Median Household Income $105,000
Median Home Value $185,700
Poverty Rate 2.8%
Unemployment Rate 1.5%
Median Age 46.1 years
Homeownership Rate 100.0%
Affordability Ratio 1.8x
Bachelor's Degree or Higher 35.8%
High School Graduation Rate 98.7%
Diversity Index 5/100
Population 538 921st of 1,445
Median Income $105,000 top 20%
Poverty Rate 2.8% 77% lower national
Median Home Value $185,700 top 30%

How Hopewell village Compares

Economy & Housing

Employment

1.5% Unemployment Rate State: 5.8% | National: 5.2%
65.3% Labor Force Participation

Housing Overview

Owner 100.0%
Renter 0.0%
Affordability Index Very Affordable
1.8x home value to income ratio

People & Demographics

Diversity Index

5out of 100
Very Low Diversity

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

State average: 60 | National average: 60

Education

Hopewell village Rankings in Illinois

#921 Population of 1,445
#192 Median Income of 1,445
#242 Education of 1,445
#395 Home Value of 1,445

Cities Similar to Hopewell village

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Damiansville village578$101,094$190,60031.1%5.1%
St. Rose village566$114,688$203,90021.4%8.3%
Carbon Hill village485$100,368$217,1008.8%7.0%
Bedford Park village594$111,250$266,80033.0%10.1%
South Wilmington village558$86,563$164,90012.8%6.5%

Population Overview

Hopewell village is a small community located in Illinois. The total population is 538. It ranks as the 921st most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Hopewell village is 46.1 years. This is 19% higher than the state median of 38.9 years.

Economy, Income & Housing

The median household income in Hopewell village is $105,000. This is 29% higher than the state median of $81,702. Compared to the national median of $78,538, household income here is 34% higher. The poverty rate stands at 2.8%. This is 76% lower than the state poverty rate of 11.7%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 1.5%. This is 75% lower than the state rate of 5.8%. The median home value is $185,700. Housing costs are 26% lower than the state median of $250,500. With a home-value-to-income ratio of just 1.8x, Hopewell village is one of the most affordable housing markets in the area. 100.0% of occupied housing units are owner-occupied. This homeownership rate is 50% higher than the state average of 66.8%.

Race & Ethnicity

Hopewell village has a predominantly White (non-Hispanic) population, comprising 97.6% of all residents. The White (non-Hispanic) population is significantly higher than the state average (97.6% vs 58.8%).

Education

35.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 4% lower than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.7%.

Data Sources & Methodology

All demographic data for Hopewell village, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. 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. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Hopewell village, Illinois?

Hopewell village, Illinois has a population of 538 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Hopewell village, IL?

The median household income in Hopewell village is $105,000, which is 34% higher the national median of $78,538.

What is the poverty rate in Hopewell village, IL?

The poverty rate in Hopewell village is 2.8%. This means approximately 15 residents live below the federal poverty line.

What is the racial makeup of Hopewell village, Illinois?

Hopewell village's population is 97.6% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Hopewell village, IL?

The median home value in Hopewell village is $185,700. The home-value-to-income ratio is 1.8x.

How educated is Hopewell village, Illinois?

35.8% of adults (25+) in Hopewell village hold a bachelor's degree or higher, and 11.1% hold a graduate or professional degree.