Hennepin, IL
Population 790 · Illinois
About Hennepin, IL
Hennepin is a small community located in Illinois with a population of 790 residents according to the latest US Census Bureau American Community Survey data. The median household income is $78,594 per year, which is 5% above the national median of $75,149. The median age of 39.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Hennepin features a median home value of $166,700, which is 32% below the national median of $244,900. This positions Hennepin in a moderately priced market relative to the rest of the country. Median monthly rent is $836, 28% below the national average of $1,163/month. Of the 342 total housing units, 78% are owner-occupied (244 units) and 22% are renter-occupied (69 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hennepin shows an unemployment rate of 4.8%, which is near the national rate of 3.7%. The poverty rate stands at 7.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hennepin have an average one-way commute time of 23.4 minutes.
Education & Demographics
24.1% of Hennepin residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 4.2% White, 0.1% Hispanic or Latino, 0.0% Black or African American, and 1.3% Asian residents, with 1.3% of the population being foreign-born.
Cost of Living in Hennepin, IL
Compared to national averages, Hennepin has a median household income of $78,594 (5% above the national median of $75,149). Home values average $166,700, which is 32% below the national median. Monthly rent at $836 is 28% below the US average of $1,163. Within Illinois, Hennepin's income is 5% above the state average of $75,072, and home values are 1% above the state median of $165,779.
Why Live in Hennepin, IL?
Hennepin offers a strong local economy with a median household income of $78,594, well above the national average, and affordable housing with a median home value of $166,700, below the US average of $244,900, and rent that’s lower than the national average at $836/month. Additionally, the city features a low poverty rate of 7.3%, better than the national average, and short commute times averaging just 23.4 minutes.
Hennepin has a population of 790 with a median age of 39.9 years. Compare Hennepin with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Hennepin
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Livingston | 791 | $57,750 | $101,800 | Compare |
| Sheffield | 789 | $68,542 | $102,600 | Compare |
| Hardin | 792 | $85,417 | $90,500 | Compare |
| Pocahontas | 794 | $48,250 | $91,200 | Compare |
| Wamac | 794 | $40,000 | $21,900 | Compare |
| Apple Canyon Lake | 795 | $103,375 | $319,100 | Compare |
| Glasford | 785 | $83,750 | $97,100 | Compare |
| Ogden | 785 | $84,688 | $148,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Hennepin With Other Cities
Frequently Asked Questions about Hennepin
What is the population of Hennepin, IL?
The population of Hennepin, IL is 790 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Hennepin?
The median household income in Hennepin, IL is $78,594 per year, which is 5% above the national median of $75,149.
What is the median home value in Hennepin?
The median home value in Hennepin, IL is $166,700, which is 32% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hennepin?
The median monthly rent in Hennepin, IL is $836, which is 28% below the national average of $1,163/month.
What is the unemployment rate in Hennepin?
The unemployment rate in Hennepin, IL is 4.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Hennepin, IL a good place to live?
Hennepin offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 790 and a median age of 39.9, the city appeals to a broad range of residents.
How educated is Hennepin, IL?
24.1% of residents in Hennepin aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Hennepin?
Key cost-of-living indicators for Hennepin, IL: median home value is $166,700 (32% below national), median rent is $836/month, and median household income is $78,594. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hennepin?
The poverty rate in Hennepin, IL is 7.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hennepin, IL?
Hennepin's population is 4.2% White, 0.1% Hispanic or Latino, 0.0% Black or African American, 1.3% Asian, and 0.6% two or more races. 1.3% of residents are foreign-born.