HomeIllinoisChampaign CountyTolono
Tolono, Illinois: commercial real estate data.
Tolono is a Census village of 3,566 people across 2.06 square miles of land, in Champaign County. Median household income is $69,653, 70.6 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $200,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Tolono
What Tolono is
- Census place typevillage
- Land area2.06 sq mi
- Water area0 sq mi
- Population per square mile of land1,730
- County holding the largest share of its areaChampaign County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Tolono
How many people live in Tolono
- Population3,566
- Median age34.5
- Population under 181,029 plus or minus 241
- Share under 1828.9 percent plus or minus 6.7
- Population 65 and over460 plus or minus 154
- Share 65 and over12.9 percent plus or minus 4.3
- Households1,379
- Family households874
- Share of households that are families63.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Tolono
Income and work in Tolono
- Median household income$69,653 plus or minus $31,354
- Per capita income$36,212
- Civilian labor force2,046
- Employed1,813
- Unemployed233 plus or minus 224
- Unemployment rate11.4 percent plus or minus 10.8
- Adults 25 and over2,211
- Adults 25 and over with a high school diploma or higher99.2 percent
- Adults 25 and over with a bachelor degree or higher25.7 percent plus or minus 6.1
- Adults 25 and over with a graduate degree6.9 percent plus or minus 3.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Tolono
Housing in Tolono
- Housing units1,444
- Occupied units1,379
- Vacant units65 plus or minus 77
- Vacancy rate4.5 percent plus or minus 5.3
- Owner occupied974
- Renter occupied405 plus or minus 219
- Ownership rate70.6 percent
- Median owner-occupied home value$208,600
- Median gross rent, monthly$945 plus or minus $198
- Annual rent as a share of median income16.3 percent plus or minus 8.1
- Single family units1,028
- Share single family71.2 percent
- Units in buildings of two or more318 plus or minus 182
- Share in buildings of two or more22.0 percent plus or minus 12.3
- Mobile homes98 plus or minus 75
- Median year structure built1986
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Tolono
How Tolono gets to work
- Workers 16 and over who commute1,713
- Commuting under 15 minutes519 plus or minus 188
- Share commuting under 15 minutes30.3 percent plus or minus 10.5
- Commuting 30 minutes or more230 plus or minus 145
- Share commuting 30 minutes or more13.4 percent plus or minus 8.3
- Drove alone91.2 percent
- Carpooled3.1 percent plus or minus 2.9
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home4.4 percent plus or minus 2.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Tolono
SBA loans in Tolono (7(a))
- Approvals2
- Gross approval$200,000
- Average approval$100,000
- Median approval$100,000
- Largest approval$100,000
- Jobs supported4
- Jobs per approval2.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term132 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
Counted by borrower city: approvals to borrowers whose address is in Tolono, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Tolono
SBA loans in Tolono (504)
- Approvals1
- Gross approval$415,000
- Average approval$415,000
- Median approval$415,000
- Largest approval$415,000
- Jobs supported7
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Tolono, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Champaign County, not Tolono
Champaign County context, not Tolono figures
- Establishments in Champaign County4,237
- Covered employment, Champaign County94,777
- Average annual pay, Champaign County$64,216
- Housing units permitted, Champaign County565
Every figure in this section is published for Champaign County as a whole and is not a measurement of Tolono.
All Champaign County figures →
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Tolono questions, answered from the record.
How many people live in Tolono, Illinois?
3,566, in 1,379 households. Tolono village covers 2.06 square miles of land, which is 1,730 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Tolono in?
Champaign County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Tolono?
$69,653. The median owner-occupied home is valued at $208,600. Median gross rent is $945 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Tolono businesses?
2 7(a) approvals totaling $200,000 since FY2020, across 1 lenders, median approval $100,000, plus 1 504 approvals worth $415,000 since FY2010. These count approvals to borrowers whose address is in Tolono, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Tolono borrowers get paid back?
No rate is published for Tolono. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Are the county figures on this page Tolono figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Champaign County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Tolono.
Is zoning published for Tolono?
No. Nothing on this page presents parcel level zoning.
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