Pekin, Illinois
U.S. CENSUS QUICK FACTS - PEKIN, ILLINOIS (2022)
Population:
- Total Population (July 1, 2022): 31,260
- Population Change (April 1, 2020 to July 1, 2022): -1.5%
- 2020 Census Population: 31,731
- 2010 Census Population: 34,094
Age and Sex:
- Persons Under 5 Years: 5.9%
- Persons Under 18 Years: 21.3%
- Persons 65 Years and Over: 18.1%
- Female Persons: 50.9%
Race and Hispanic Origin:
- White Alone: 92.9%
- Black or African American Alone: 3.0%
- American Indian and Alaska Native Alone: 0.2%
- Asian Alone: 0.5%
- Hispanic or Latino: 2.6%
Population Characteristics:
- Veterans (2017-2021): 1,861
- Foreign Born Persons (2017-2021): 1.0%
- Housing Units (July 1, 2022): Not specified
- Owner-Occupied Housing Unit Rate (2017-2021): 67.1%
- Median Value of Owner-Occupied Housing Units (2017-2021): $106,600
- Median Selected Monthly Owner Costs (With a Mortgage) (2017-2021): $1,073
- Median Selected Monthly Owner Costs (Without a Mortgage) (2017-2021): $506
- Median Gross Rent (2017-2021): $693
Families & Living Arrangements:
- Households (2017-2021): 13,706
- Persons per Household (2017-2021): 2.24
- Living in the Same House 1 Year Ago (2017-2021): 84.5%
- Language Other Than English Spoken at Home (2017-2021): 1.9%
Computer and Internet Use:
- Households With a Computer (2017-2021): 88.6%
- Households With a Broadband Internet Subscription (2017-2021): 82.8%
- High School Graduate or Higher (2017-2021): 89.2%
- Bachelor's Degree or Higher (2017-2021): 19.0%
Health:
- With a Disability (Under Age 65 Years) (2017-2021): 11.1%
- Persons Without Health Insurance (Under Age 65 Years): 5.3%
- In Civilian Labor Force (Total) (2017-2021): 58.2%
- In Civilian Labor Force (Female) (2017-2021): 56.8%
- Total Accommodation and Food Services Sales (2017): $57,802 (in thousands)
- Total Health Care and Social Assistance Receipts/Revenue (2017): $170,278 (in thousands)
- Total Transportation and Warehousing Receipts/Revenue (2017): $18,950 (in thousands)
- Total Retail Sales (2017): $556,592 (in thousands)
- Total Retail Sales Per Capita (2017): $17,075
Transportation:
- Mean Travel Time to Work (Minutes) (Workers Age 16 Years+) (2017-2021): 21.4
Income & Poverty:
- Median Household Income (2021): $50,838
- Per Capita Income in Past 12 Months (2021): $28,704
- Persons in Poverty: 15.0%
- Total Employer Establishments (2021): Not specified
- Total Employment (2021): Not specified
- Total Annual Payroll (2021): Not specified
- Total Employment (Percent Change, 2020-2021): Not specified
- Total Nonemployer Establishments (2020): Not specified
- All Employer Firms (Reference Year 2017): 651
- Men-Owned Employer Firms (Reference Year 2017): Not specified
- Women-Owned Employer Firms (Reference Year 2017): 105
- Minority-Owned Employer Firms (Reference Year 2017): Not specified
- Nonminority-Owned Employer Firms (Reference Year 2017): Not specified
- Veteran-Owned Employer Firms (Reference Year 2017): Not specified
- Nonveteran-Owned Employer Firms (Reference Year 2017): Not specified
Geography:
- Population per Square Mile (2020): 2,019.0
- Population per Square Mile (2010): 2,341.8
- Land Area in Square Miles (2020): 15.72
- Land Area in Square Miles (2010): 14.56
- FIPS Code: 1758447
These quick facts provide an overview of Pekin, Illinois, including its population, demographics, housing, economy, and more, as reported by the U.S. Census Bureau (source).
Real Estate Data for Pekin, Illinois
Navigating the market in pekin
A guide for purchasing property in Pekin, Illinois
Pekin, Illinois is a city with a unique blend of history, community, and real estate opportunities. Whether you're interested in homes for sale in Pekin, single-family homes, or multi-family properties, this guide aims to provide you with essential insights to make informed decisions about your potential real estate investment.
Research and Preparation: Initial Steps
1. Major Employers in Pekin:
Begin your exploration of the Pekin real estate market by understanding the city's employment landscape. Notable employers such as Caterpillar Inc., Amazon, Pekin Hospital, Pekin Insurance, the local school districts, county and city government, and OSF Healthcare play a significant role in shaping the local job market. This knowledge can influence your choice of where to live and work.
- Caterpillar Inc.: As one of the world's leading manufacturers of construction and mining equipment, Caterpillar provides numerous employment opportunities in Pekin. Understanding their presence can help you assess the proximity of potential homes to their facilities.
- Amazon: With a growing presence in the area, Amazon offers a variety of job opportunities in logistics and distribution. Consider the convenience of commuting when exploring homes in Pekin.
- Pekin Hospital and OSF Healthcare: The healthcare sector is a major employer in Pekin. Proximity to healthcare facilities can be a crucial factor to consider, especially for those in the medical field.
2. Single Family Homes in Pekin:
If you're looking for a more traditional, standalone housing option, Pekin offers a variety of single-family homes. These properties cater to different preferences and requirements. When searching online listings, use descriptive keywords like "single family homes Pekin" to find relevant options.
- Size and Amenities: Pekin's single-family homes vary in size and amenities. Consider your family's needs, including the number of bedrooms and bathrooms, as well as any specific features you desire, such as a backyard or garage.
- Location: Pekin's neighborhoods offer diverse atmospheres. Research the proximity of schools, shopping centers, and recreational areas to find a location that aligns with your lifestyle.
Investors seeking income potential should explore multi-family properties in Pekin. These properties typically consist of multiple rental units within one building. When conducting research, include the term "multi-family properties Pekin" to identify suitable investment opportunities.
- Rental Income: Multi-family properties can provide a steady stream of rental income. Calculate potential rental yields and assess the property's condition to determine its investment value.
- Property Management: Consider whether you'll manage the property yourself or hire a management company. This decision can impact your investment's profitability.
4. Significance of Home Inspections:
A critical aspect of the home buying process is the home inspection. Hiring a qualified inspector is essential for a thorough evaluation of the property. Inspections reveal any underlying issues that may impact your decision or provide negotiating leverage.
- Inspector Selection: Choose an experienced home inspector with a solid reputation. They should examine the property's structural integrity, electrical and plumbing systems, and overall condition.
- Negotiation Power: The inspection report can be used to negotiate repairs or a lower purchase price based on the identified issues. This step is critical to ensure you make a sound investment.
Realize Your Pekin Homeownership Goals
Pekin, with its diverse housing options and economic prospects, presents an attractive environment for both homeowners and investors. Whether you're interested in single-family residences or multi-family properties, thorough research and home inspections are your allies in making informed decisions.
With these insights at your disposal, you can confidently explore the Pekin real estate market and make choices that align with your objectives. Consider the employment landscape, housing options, and inspection results to ensure your Pekin homeownership dreams become a reality. Happy house hunting!
Pekin, IL Real Estate Market Research