Interested in purchasing investment houses in the 62518 zip code in Chestnut, IL?
The zip code 62518 is in Logan county with a latitude of -89.191430000000 and longitude of 40.054160000000, is in the state of Illinois. The average asking price of houses and condos is $109,000.00 and the average sale price was $81,957.00. this regions is classified as the Champaign - Springfield metro area and consists of the following area codes: 217 and 447. The location in degrees is 40° 3' 14.976" N, 89° 11' 29.148" W. The county F.I.P.S. is 17107. The total land area is 25.5 square miles and the water area is 0.0 square miles. The elevation in this area is 614 - 637 feet. The zip code is on central standard time and observes daylight savings time.
The zip 62518 is in county number 107 and is L. Sector 00, L. Segment 01, H. Sector 53, and H. Segment 53. The population was 160 in 2019 and 457 in 2010. This further breaks down to 66 males (41.5%) and 94 females (58.5%). The median age of residents is 58.2 years. The population of the greater Lincoln, IL area is 29,866. The population density (people per square mile) is 6. This zip code has a combined total of 93 houses and condos. There are 25 rented appartments. 27% of residents rent versus the 27% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $55,510 and the average salary is $37,737. The median household income of individuals is $59,526.00 and the average is $54,690.00. This zip code has a mean commute time to work of 21.1 minutes. Income earners by percent breakdown as 36.30% (Under $50,000), 48.90% ($50,000-$100,000), and 14.80% earn over $100,000. 4.0% of residents live below poverty line versus the 11.5% in the state that are below this line. The cost of living index is 84.4. The educational breakdown is 99.6% have a high school education or higher, 0.0% have a bachelor's degree or higher, and 0.0% have some kind of profesional degree.
This area has 185 households and the average size is 1.7 people. Individuals who are single and have never been married are 18.7%, 76.0% are now married, 0.7% are separated, 4.7% are widowed, and 0.0% are divorced. The average yearly contribution amount given by people to charity was $2,467 versus the state average of $4,525. The percent of residents who gave to charity was 15.0%.
The estimated median value of houses and condos is $102,282. The median monthly owner costs of mortgage holders was $1,019, where as the costs for those who don't have a mortgage are $494. The median number of rooms in houses and condos are 5.6 versus apartments which had a median number of 6.1.
The real estate tax percent rate is 1.3% which equated to an average real estate tax amount payment of $1,355. 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 1.3% which amounted to an average tax amount of $1,424. Reported taxable interest for persons was $383, dividends $267, and itemized deductions $16,825. The average earned income tax credit is $2,175. The percent of individuals that use a tax preparer is 55.0%. The total average income taxes paid by individuals was $6,875. Businesses reported an average profit of $5,567.
Chestnut Cafe
104 E Olive St, Chestnut, IL 62518
Village Inn
151 Macon St, Latham, IL 62543 (6.1 miles away)
Farmers
304 E Mcdonald St, Mount Pulaski, IL 62548 (6.6 miles away)
Warrensburg Cafe
515 E Main St, Warrensburg, IL 62573 (9.9 miles away)
Bonanza Steakhouse
1121 Hickox, Lincoln, IL 62656 (11.2 miles away)
Jalisco Mexican Restaurant
105 W Main St, Maroa, IL 61756 (12.4 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!
