New Holland, IL
Population 229 · Illinois
About New Holland, IL
New Holland is a small community located in Illinois with a population of 229 residents according to the latest US Census Bureau American Community Survey data. The median household income is $88,125 per year, which is 17% above the national median of $75,149. The median age of 39.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in New Holland features a median home value of $81,500, which is 67% below the national median of $244,900. This makes New Holland one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $864, 26% below the national average of $1,163/month. Of the 105 total housing units, 81% are owner-occupied (78 units) and 19% are renter-occupied (18 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Holland shows an unemployment rate of 8.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 9.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New Holland have an average one-way commute time of 24.3 minutes.
Education & Demographics
19.2% of New Holland residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 1.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.9% of the population being foreign-born.
Cost of Living in New Holland, IL
Compared to national averages, New Holland has a median household income of $88,125 (17% above the national median of $75,149). Home values average $81,500, which is 67% below the national median. Monthly rent at $864 is 26% below the US average of $1,163. Within Illinois, New Holland's income is 17% above the state average of $75,072, and home values are 51% below the state median of $165,779.
Why Live in New Holland, IL?
New Holland offers a strong local economy with a median household income of $88,125, well above the national average, and affordable housing with a median home value of $81,500, below the US average of $244,900, and rent that’s lower than the national average at $864/month. Additionally, the city features a low poverty rate of 9.6%, better than the national average, and short commute times averaging just 24.3 minutes.
New Holland has a population of 229 with a median age of 39.5 years. Compare New Holland with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near New Holland
Cities in Illinois with a similar population size.
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 New Holland With Other Cities
Frequently Asked Questions about New Holland
What is the population of New Holland, IL?
The population of New Holland, IL is 229 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 New Holland?
The median household income in New Holland, IL is $88,125 per year, which is 17% above the national median of $75,149.
What is the median home value in New Holland?
The median home value in New Holland, IL is $81,500, which is 67% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Holland?
The median monthly rent in New Holland, IL is $864, which is 26% below the national average of $1,163/month.
What is the unemployment rate in New Holland?
The unemployment rate in New Holland, IL is 8.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is New Holland, IL a good place to live?
New Holland offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 229 and a median age of 39.5, the city appeals to a broad range of residents.
How educated is New Holland, IL?
19.2% of residents in New Holland 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 New Holland?
Key cost-of-living indicators for New Holland, IL: median home value is $81,500 (67% below national), median rent is $864/month, and median household income is $88,125. The home-value-to-income ratio is 0.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Holland?
The poverty rate in New Holland, IL is 9.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is New Holland, IL?
New Holland's population is 0.0% White, 1.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.9% of residents are foreign-born.