Interested in purchasing investment houses in the 62431 zip code in Herrick, IL?
The zip code 62431 is in Shelby county with a latitude of -88.991050000000 and longitude of 39.228850000000, is in the state of Illinois. The average asking price of houses and condos is $126,000.00 and the average sale price was $130,211.00. this regions is classified as the Champaign - Springfield metro area and consists of the following area codes: 618 and 730. The location in degrees is 39° 13' 43.86" N, 88° 59' 27.78" W. The county F.I.P.S. is 17173. The total land area is 55.0 square miles and the water area is 0.0 square miles. The elevation in this area is 564 - 597 feet. The zip code is on central standard time and observes daylight savings time.
The zip 62431 is in county number 051 and is L. Sector 94, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 1,041 in 2019 and 1,232 in 2010. This further breaks down to 593 males (57.0%) and 447 females (43.0%). The median age of residents is 41.2 years. The population density (people per square mile) is 19. This zip code has a combined total of 523 houses and condos. There are 85 rented appartments. 21% of residents rent versus the 21% 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 $42,139 and the average salary is $36,482. The median household income of individuals is $37,452.00 and the average is $50,300.00. This zip code has a mean commute time to work of 37.6 minutes. The unemployment rate is 3.0%. Income earners by percent breakdown as 64.20% (Under $50,000), 28.30% ($50,000-$100,000), and 7.50% earn over $100,000. 11.5% of residents live below poverty line versus the 11.5% in the state that are below this line. The cost of living index is 83.8. The educational breakdown is 88.5% have a high school education or higher, 7.9% have a bachelor's degree or higher, and 0.3% have some kind of profesional degree.
This area has 482 households and the average size is 2.6 people. Individuals who are single and have never been married are 27.4%, 55.3% are now married, 2.7% are separated, 3.8% are widowed, and 10.8% are divorced. The average yearly contribution amount given by people to charity was $4,300 versus the state average of $4,525. The percent of residents who gave to charity was 11.8%.
The estimated median value of houses and condos is $79,282. The median monthly owner costs of mortgage holders was $832, where as the costs for those who don't have a mortgage are $331. The median number of rooms in houses and condos are 5.3 versus apartments which had a median number of 5.0.
The real estate tax percent rate is 1.1% which equated to an average real estate tax amount payment of $844. 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 1.5% which amounted to an average tax amount of $1,257. Reported taxable interest for persons was $637, dividends $433, capital gains +$967, and itemized deductions $20,463. The average earned income tax credit is $2,460. The percent of individuals that use a tax preparer is 72.5%. The total average income taxes paid by individuals was $5,988. Businesses reported an average profit of $4,729.
Herrick Family Restaurant
6 N Broadway St, Herrick, IL 62431
Jenny's Diner
119 N Grand Ave, Cowden, IL 62422 (5.1 miles away)
Country Garden's Cafe
105 E Poplar St, Beecher City, IL 62414 (9.9 miles away)
Route 51 Restaurant & Bakery
315 S Superior St, Ramsey, IL 62080 (12.1 miles away)
Champs Chicken
1 W 4th St, Pana, IL 62557 (13.6 miles away)
The Big Boy Cafe
315 S Main St, Bingham, IL 62011 (14.6 miles away)
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
