HomeIllinoisKnox CountyGalesburg city
Galesburg city, Illinois: commercial real estate data.
Galesburg city is a Census city of 29,481 people across 17.77 square miles of land, in Knox County. Median household income is $48,297, 62.2 percent of occupied homes are owned, and the SBA record carries 21 7(a) approvals to borrowers here worth $20.8 m.
80 sourced place values · tier FULL · 9 sections
Galesburg
What Galesburg is
- Census place typecity
- Land area17.77 sq mi
- Water area0.18 sq mi
- Population per square mile of land1,659
- County holding the largest share of its areaKnox 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.
Galesburg
How many people live in Galesburg
- Population29,481
- Median age40.8
- Population under 185,488
- Share under 1818.6 percent
- Population 65 and over6,364
- Share 65 and over21.6 percent
- Households12,628
- Family households6,146
- Share of households that are families48.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Galesburg
Income and work in Galesburg
- Median household income$48,297
- Per capita income$27,222
- Civilian labor force12,674
- Employed12,044
- Unemployed630 plus or minus 222
- Unemployment rate5.0 percent plus or minus 1.7
- Adults 25 and over20,281
- Adults 25 and over with a high school diploma or higher86.7 percent
- Adults 25 and over with a bachelor degree or higher19.7 percent
- Adults 25 and over with a graduate degree8.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Galesburg
Housing in Galesburg
- Housing units14,156
- Occupied units12,628
- Vacant units1,528
- Vacancy rate10.8 percent
- Owner occupied7,860
- Renter occupied4,768
- Ownership rate62.2 percent
- Median owner-occupied home value$96,400
- Median gross rent, monthly$801
- Annual rent as a share of median income19.9 percent
- Single family units9,794
- Share single family69.2 percent
- Units in buildings of two or more3,756
- Share in buildings of two or more26.5 percent
- Mobile homes606 plus or minus 164
- Median year structure built1954
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Galesburg
How Galesburg gets to work
- Workers 16 and over who commute11,123
- Commuting under 15 minutes6,962
- Share commuting under 15 minutes62.6 percent
- Commuting 30 minutes or more1,545 plus or minus 313
- Share commuting 30 minutes or more13.9 percent
- Drove alone74.6 percent
- Carpooled10.6 percent
- Public transport0.7 percent plus or minus 0.4
- Walked5.9 percent plus or minus 1.3
- Worked from home5.5 percent plus or minus 1.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Galesburg
SBA 7(a) lending to Galesburg borrowers
- Approvals21
- Gross approval$20,773,500
- Average approval$989,214
- Median approval$414,200
- Ninetieth percentile approval$2,688,000
- Largest approval$5,000,000
- Jobs supported221
- Jobs per approval10.5
- Loans with a final outcome3
- Paid in full3
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more38.1 percent
- Share to franchises23.8 percent
- Distinct lenders14
- Distinct industries by NAICS16
A charge-off rate is not published here. only 3 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Galesburg
SBA 504 lending to Galesburg borrowers
- Approvals2
- Gross approval$344,000
- Average approval$172,000
- Median approval$251,000
- Largest approval$251,000
- Jobs supported4
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Galesburg
Flood programme status in Galesburg
- Listed NFIP communities1
- Of those, participating1
- NFIP community number170349
- Currently effective map date08/02/11
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Knox County, not Galesburg
Knox County context, not Galesburg figures
These are Knox County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Galesburg measurements.
- Establishments in Knox County968
- Employment at those establishments, Knox County14,242
- Covered employment, Knox County17,106
- Average annual pay, Knox County$46,491
- Average weekly wage, Knox County$894
- Housing units permitted, Knox County2
- Of those, single family, Knox County2
- County product, 2024, Knox County$2,448,651,000
- County product change over the prior year, Knox County5.9 percent
- Average income of an arriving household, Knox County$49,035
Every figure in this section is published for Knox County as a whole and is not a measurement of Galesburg. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Galesburg questions, answered from the record.
How many people live in Galesburg, Illinois?
29,481, in 12,628 households. Galesburg city covers 17.77 square miles of land, which is 1,659 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Galesburg in?
Knox 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 Galesburg?
$48,297. The median owner-occupied home is valued at $96,400. Median gross rent is $801 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Galesburg businesses?
21 7(a) approvals totalling $20.8 m, across 14 lenders, median approval $414,200, plus 2 504 approvals worth $344,000. These count approvals to borrowers whose address is in Galesburg, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Galesburg borrowers get paid back?
No rate is published for Galesburg. only 3 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Galesburg in the National Flood Insurance Program?
Yes. Galesburg appears in the FEMA Community Status Book as community 170349, 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 Galesburg figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Knox 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 Galesburg.
Is zoning published for Galesburg?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.