Hopedale, IL
Population 742 · Illinois
About Hopedale, IL
Hopedale is a small community in Illinois with a population of 742 residents. The median household income is $53,958 per year, which is near the national average. The median age in Hopedale is 46.9 years.
Housing in Hopedale has a median home value of $135,600 and median monthly rent of $881. Of the 326 total housing units, the majority are owner-occupied, with 173 owner-occupied and 118 renter-occupied units.
The unemployment rate in Hopedale is 8.8% and the poverty rate is 24.1%. 22.8% of residents hold a bachelor's degree or higher. The average commute time is 24.6 minutes.
Cost of Living in Hopedale, IL
Compared to national averages, Hopedale has a median household income of $53,958 (28% below the national median of $75,149). Home values average $135,600, which is 45% below the national median. Monthly rent at $881 is 24% below the US average of $1,163. Within Illinois, Hopedale's income is 28% below the state average of $75,072, and home values are 18% below the state median of $165,779.
Why Live in Hopedale, IL?
Hopedale offers affordable housing with a median home value of $135,600, below the US average of $244,900, and rent that’s lower than the national average at $881/month, and short commute times averaging just 24.6 minutes.
Potential considerations include median household income ($53,958) that falls below the national average. However, Hopedale’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hopedale has a population of 742 with a median age of 46.9 years. Compare Hopedale with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Hopedale
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Clay City | 744 | $53,750 | $75,500 | Compare |
| Owaneco | 744 | $66,875 | $96,300 | Compare |
| Mulberry Grove | 739 | $57,250 | $74,800 | Compare |
| Mechanicsburg | 748 | $77,422 | $206,300 | Compare |
| Crossville | 749 | $40,682 | $61,300 | Compare |
| Ashmore | 750 | $57,361 | $87,100 | Compare |
| Niantic | 734 | $64,009 | $111,700 | Compare |
| La Moille | 732 | $65,542 | $104,700 | 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.
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Frequently Asked Questions about Hopedale
What is the population of Hopedale, IL?
The population of Hopedale, IL is 742 according to the latest Census data.
What is the median household income in Hopedale?
The median household income in Hopedale, IL is $53,958 per year.
What is the median home value in Hopedale?
The median home value in Hopedale, IL is $135,600.
What is the average rent in Hopedale?
The median monthly rent in Hopedale, IL is $881.
What is the unemployment rate in Hopedale?
The unemployment rate in Hopedale, IL is 8.8%.