HomeIllinoisKnox CountyGalesburg
Galesburg, Illinois: commercial real estate data.
Galesburg 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
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 loans in Galesburg (7(a))
- 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
Counted by borrower city: approvals to borrowers whose address is in Galesburg, in any county, FY2020 to FY2026. Only 3 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.
Galesburg
SBA loans in Galesburg (504)
- Approvals2
- Gross approval$344,000
- Average approval$172,000
- Median approval$172,000
- Largest approval$251,000
- Jobs supported4
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Galesburg, 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.
Galesburg
Flood risk in Galesburg
- NFIP communityCity of Galesburg
- NFIP community number170349
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date08/02/11
The City of Galesburg participates in the National Flood Insurance Program as community 170349 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.
Knox County, not Galesburg
Knox County context, not Galesburg figures
- Establishments in Knox County968
- Covered employment, Knox County17,106
- Average annual pay, Knox County$46,491
- Housing units permitted, Knox County2
Every figure in this section is published for Knox County as a whole and is not a measurement of Galesburg.
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
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 totaling $20.8 m since FY2020, across 14 lenders, median approval $414,200, plus 2 504 approvals worth $344,000 since FY2010. 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 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 Galesburg in the National Flood Insurance Program?
Yes. Galesburg appears in the FEMA Community Status Book as Galesburg, city of, 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 labeled 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?
No. Nothing on this page presents parcel level zoning.