HomeIllinoisHenry CountyColona
Colona, Illinois: commercial real estate data.
Colona is a Census city of 5,139 people across 3.82 square miles of land, in Henry County. Median household income is $79,700, 77.7 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $518,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Colona
What Colona is
- Census place typecity
- Land area3.82 sq mi
- Water area0.1 sq mi
- Population per square mile of land1,345
- County holding the largest share of its areaHenry 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.
Colona
How many people live in Colona
- Population5,139
- Median age38.7
- Population under 181,242 plus or minus 288
- Share under 1824.2 percent plus or minus 5.4
- Population 65 and over896 plus or minus 216
- Share 65 and over17.4 percent plus or minus 4.1
- Households1,978
- Family households1,457
- Share of households that are families73.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Colona
Income and work in Colona
- Median household income$79,700
- Per capita income$36,574
- Civilian labor force2,890
- Employed2,872
- Unemployed18 plus or minus 31
- Unemployment rate0.6 percent plus or minus 1.1
- Adults 25 and over3,526
- Adults 25 and over with a high school diploma or higher90.4 percent
- Adults 25 and over with a bachelor degree or higher18.9 percent plus or minus 5.6
- Adults 25 and over with a graduate degree1.8 percent plus or minus 1.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Colona
Housing in Colona
- Housing units2,169
- Occupied units1,978
- Vacant units191 plus or minus 156
- Vacancy rate8.8 percent plus or minus 7.2
- Owner occupied1,536
- Renter occupied442 plus or minus 201
- Ownership rate77.7 percent
- Median owner-occupied home value$147,500
- Median gross rent, monthly$838
- Annual rent as a share of median income12.6 percent
- Single family units1,995
- Share single family92.0 percent
- Units in buildings of two or more87 plus or minus 86
- Share in buildings of two or more4.0 percent plus or minus 3.9
- Mobile homes87 plus or minus 92
- Median year structure built1965
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Colona
How Colona gets to work
- Workers 16 and over who commute2,562
- Commuting under 15 minutes370 plus or minus 174
- Share commuting under 15 minutes14.4 percent plus or minus 6.5
- Commuting 30 minutes or more455 plus or minus 185
- Share commuting 30 minutes or more17.8 percent plus or minus 6.8
- Drove alone80.1 percent
- Carpooled9.3 percent plus or minus 6.8
- Public transport0.7 percent plus or minus 1.2
- Walked0.4 percent plus or minus 1.1
- Worked from home8.5 percent plus or minus 4.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Colona
SBA loans in Colona (7(a))
- Approvals2
- Gross approval$518,000
- Average approval$259,000
- Median approval$259,000
- Largest approval$463,000
- Jobs supported17
- Jobs per approval8.5
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term180 months
- Share on real estate terms of 20 years or more50.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
Counted by borrower city: approvals to borrowers whose address is in Colona, 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.
Colona
SBA loans in Colona (504)
- Approvals2
- Gross approval$1,424,000
- Average approval$712,000
- Median approval$712,000
- Largest approval$1,057,000
- Jobs supported40
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Colona, in any county, FY2010 to FY2026. Only 1 loan has 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.
Colona
Flood risk in Colona
- NFIP communityCity of Colona
- NFIP community number170749
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date06/02/11
The City of Colona participates in the National Flood Insurance Program as community 170749 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Henry County, not Colona
Henry County context, not Colona figures
- Establishments in Henry County1,037
- Covered employment, Henry County13,805
- Average annual pay, Henry County$50,950
- Housing units permitted, Henry County24
Every figure in this section is published for Henry County as a whole and is not a measurement of Colona.
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
Colona questions, answered from the record.
How many people live in Colona, Illinois?
5,139, in 1,978 households. Colona city covers 3.82 square miles of land, which is 1,345 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Colona in?
Henry 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 Colona?
$79,700. The median owner-occupied home is valued at $147,500. Median gross rent is $838 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Colona businesses?
2 7(a) approvals totaling $518,000 since FY2020, across 2 lenders, median approval $259,000, plus 2 504 approvals worth $1.4 m since FY2010. These count approvals to borrowers whose address is in Colona, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Colona borrowers get paid back?
No rate is published for Colona. 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.
Is Colona in the National Flood Insurance Program?
Yes. Colona appears in the FEMA Community Status Book as Colona, city of, community 170749, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Colona figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Henry 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 Colona.
Is zoning published for Colona?
No. Nothing on this page presents parcel level zoning.