Interested in purchasing investment houses in the 61531 zip code in Farmington, IL?
The zip code 61531 is in both Fulton and Peoria counties with a latitude of -90.035050000000 and longitude of 40.683070000000, is in the state of Illinois. The average asking price of houses and condos is $86,857.00 and the average sale price was $52,000.00. this regions is classified as the Peoria - Bloomington metro area and is in the 309 area code. The location in degrees is 40° 40' 59.052" N, 90° 2' 6.18" W. The county F.I.P.S. is 17057. The total land area is 56.3 square miles and the water area is 0.5 square miles. The elevation in this area is 686 - 778 feet. The zip code is on central standard time and observes daylight savings time.
The zip 61531 is in county number 143 and is L. Sector 96, L. Segment 05, H. Sector 05, and H. Segment 05. The population was 3,320 in 2019 and 3,379 in 2010. Of this, the break down in 2019 was 2,492 urban and 827 rural. This further breaks down to 1,599 males (48.2%) and 1,720 females (51.8%). The median age of residents is 41.3 years. The population of the greater Canton, IL area is 37,045. The population density (people per square mile) is 59. This zip code has a combined total of 1,560 houses and condos. There are 248 rented appartments. 18% of residents rent versus the 18% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $50,793 and the average salary is $42,908. The median household income of individuals is $45,164.00 and the average is $54,570.00. This zip code has a mean commute time to work of 26.0 minutes. The unemployment rate is 5.1%. Income earners by percent breakdown as 55.60% (Under $50,000), 34.20% ($50,000-$100,000), and 10.10% earn over $100,000. 7.6% of residents live below poverty line versus the 11.5% in the state that are below this line. The cost of living index is 85.0. The educational breakdown is 94.1% have a high school education or higher, 22.3% have a bachelor's degree or higher, and 6.4% have some kind of profesional degree.
This area has 1,330 households and the average size is 2.4 people. Individuals who are single and have never been married are 22.1%, 54.4% are now married, 0.7% are separated, 8.3% are widowed, and 14.5% are divorced. The average yearly contribution amount given by people to charity was $2,737 versus the state average of $4,525. The percent of residents who gave to charity was 12.0%.
The estimated median value of houses and condos is $113,339. The median monthly owner costs of mortgage holders was $1,048, where as the costs for those who don't have a mortgage are $458. The median number of rooms in houses and condos are 6.2 versus apartments which had a median number of 5.2.
The real estate tax percent rate is 1.9% which equated to an average real estate tax amount payment of $2,109. In comparision, the average real estate tax percent rate in the state is 2.2% which equated to an average real estate tax amount payment in the state of $4,527. The median housing property tax percent for residents with mortgages was 2.1% which amounted to an average tax amount of $2,424. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.6% which amounted to an average tax amount of $1,802. Reported taxable interest for persons was $904, dividends $3,503, capital gains +$12,821, and itemized deductions $17,900. The average earned income tax credit is $2,088. The percent of individuals that use a tax preparer is 59.5%. The total average income taxes paid by individuals was $7,383. Businesses reported an average profit of $7,053.
Memories On Main
36 E Fort St, Farmington, IL 61531
Scapecchi's Supper Club
22338 E State Route 116, Farmington, IL 61531
B's Drive in
22345 E State Route 116, Farmington, IL 61531
Kersh Cafe
40 W Barlow Rd, Farmington, IL 61531
Whiskey Dixie's
16 N Cone St, Farmington, IL 61531
Acme Saloon
1200 E Fort St, Farmington, IL 61531
Noble Roman's
600 E Fort St, Farmington, IL 61531
Off The Record
36 E Fort St, Farmington, IL 61531
Kersh Cafe
10 N Cone St, Farmington, IL 61531
Vernon Street Grill
503 E Vernon St, Farmington, IL 61531
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