ZIP Code 61840 — Mahomet village, IL Demographics & Data

ZIP code 61840 covers Mahomet, IL in Champaign County with a population of about 572.

At a glance, the area shows median age of 56.6 versus a U.S. median of about 38.9.

It sits in telephone area codes 217, 447; U.S. House district IL-15; the CHAMPAIGN & SPRNGFLD - DECATUR media market.

Mahomet, IL fits a retirement-oriented profile (older median age or known retirement-community context). Residents and relocators commonly research healthcare access, everyday amenities (dining, personal services), and housing costs rather than tech or campus life.

Median household income in ZIP 61840 is about $81,313 — about 8% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 0.0%; unemployment rate near 0.0%; 37.0% of adults with a bachelor’s degree or higher (about 3.3 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Information, and Administrative support; a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $269,500 — about 23% below the U.S. median home value ($348,079).

Housing tenure and rents show owner-occupancy near 95.5% (about 30.1 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 61840 in Mahomet, IL, a household would need roughly $74,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,731. That is roughly in line with the local median household income ($81,313). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Mahomet village, IL as Relatively Moderate (composite score 90.5), which is among the highest nationally. The strongest component scores on US5 are flood (90.4) and hurricane (48.9). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Mahomet village, IL show little to no average snow and around 40.4 inches of annual precipitation.

IRS migration statistics show a net inflow of about 32 for ZIP 61840 (Mahomet village, IL) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.