ZIP Code 62298
standardSource:
Waterloo · Monroe County · Illinois
- Population
- 16,609
- Median income
- $101,155
- Median home value
- $290,200
- Bachelor's or higher
- 36.2%
- Land area
- 373.2 sq mi
45/sq mi
▲ 33% vs US
higher than 82% of US ZIPs
▲ 4% vs US
higher than 65% of US ZIPs
Median age 44.1
Chicago
ZIP code 62298 in Waterloo, Illinois has a population of 16,609. The median household income is $101,155, which is 33% above the national average. Median home value is $290,200, 4% above the US average. 36.2% of residents hold a bachelor's degree or higher.
ZIP code 62298 is classified by USPS as a standard delivery area and covers roughly 373.2 square miles in Waterloo, Monroe County, Illinois. The area is home to 16,609 residents, producing a population density of 45 people per square mile, and falls within the Chicago time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 62298 against Illinois and the nation.
On the economic side, the median household income for ZIP 62298 sits at $101,155 (26% above the Illinois average), while per-capita income is $48,901. The poverty rate stands at 4.9% and the unemployment rate at 2.0%. On housing, the median home value is $290,200 (51% above the state average) with median rent at $890 per month, and 85.3% of occupied units are owner-occupied, a direct signal of whether 62298 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 36.2% of adults hold a bachelor's degree or higher, the median age is 44.1, and the average commute is 29 minutes. We also surface 4 nearby ZIP codes within roughly 10 miles and 5 additional ZIPs sharing Monroe County, so you can benchmark 62298 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 62298
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 62298.
- Other services (except public administration)
Other services (except public administration)
53 establishments
- Health care and social assistance
Health care and social assistance
49 establishments
- Retail trade
Retail trade
48 establishments
- Construction
Construction
47 establishments
- Accommodation and food services
Accommodation and food services
46 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 62298, Waterloo, IL · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
16,609
Population
373.2
Area (sq mi)
45
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 62298?
44.1
Median Age
50.0%
Male
50.0%
Female
1.8%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$101,155
Median Household Income
+26% vs state
$48,901
Per Capita Income
4.9%
Poverty Rate
2.0%
Unemployment Rate
29.4 min
Mean Commute Time
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
7,712
Total Housing Units
7,213
Occupied Units
499
Vacant Units
2.49
Avg Household Size
Occupancy Type
$290,200
Median Home Value
+51% vs state
$890
Median Rent
1991
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+8.0%
YoY Change (2024)
202
HPI Index (2000 = 100)
+102%
Total Change Since 2000
Home values in ZIP 62298 have increased 8.0% over the past year (2024). Since 2000, this ZIP has seen +102% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +2.1% | 144 |
| 2021 | +7.9% | 156 |
| 2022 | +12.5% | 175 |
| 2023 | +6.7% | 187 |
| 2024 | +8.0% | 202 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 410 business establishments in ZIP 62298, employing approximately 3,660 people with a combined annual payroll of $138,883,000.
410
Businesses
3,660
Employees
$138.9M
Annual Payroll
15
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Other services (except public administration) | 53 | 12.9% |
| Health care and social assistance | 49 | 11.9% |
| Retail trade | 48 | 11.7% |
| Construction | 47 | 11.5% |
| Accommodation and food services | 46 | 11.2% |
| Professional, scientific, and technical services | 38 | 9.3% |
| Finance and insurance | 34 | 8.3% |
| Administrative and support and waste management and remediation services | 23 | 5.6% |
| Arts, entertainment, and recreation | 16 | 3.9% |
| Real estate and rental and leasing | 13 | 3.2% |
| Manufacturing | 9 | 2.2% |
| Transportation and warehousing | 9 | 2.2% |
| Information | 9 | 2.2% |
| Wholesale trade | 8 | 1.9% |
| Educational services | 4 | 1.0% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 62298 vs 62244 →
More ZIP Codes in Monroe County
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Frequently Asked Questions
What county is ZIP code 62298 in? ▼
What is the population of ZIP code 62298? ▼
What is the median household income in ZIP 62298? ▼
What is the average home value in ZIP 62298? ▼
What is the demographic makeup of ZIP 62298? ▼
How many businesses are in ZIP code 62298? ▼
What are the main industries in ZIP code 62298? ▼
How have home values changed in ZIP code 62298? ▼
What is the education level in ZIP code 62298? ▼
What is the average commute time in ZIP 62298? ▼
What percentage of residents own vs. rent in ZIP 62298? ▼
What is the poverty rate in ZIP code 62298? ▼
ZIP Code Research Guides
Official Data Resources for Waterloo, IL
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.