HomeIllinoisMcDonough CountyColchester city
Colchester city, Illinois: commercial real estate data.
Colchester city is a Census city of 1,128 people across 1.15 square miles of land, in McDonough County. Median household income is $63,981, 74.4 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $160,000.
66 sourced place values · tier FULL · 7 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Colchester
What Colchester is
- Census place typecity
- Land area1.15 sq mi
- Water area0 sq mi
- Population per square mile of land981 plus or minus 208
- County holding the largest share of its areaMcDonough 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.
Colchester
How many people live in Colchester
- Population1,128 plus or minus 239
- Median age41.6
- Population under 18247 plus or minus 89
- Share under 1821.9 percent plus or minus 6.4
- Population 65 and over236 plus or minus 69
- Share 65 and over20.9 percent plus or minus 4.2
- Households532
- Family households320 plus or minus 74
- Share of households that are families60.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Colchester
Income and work in Colchester
- Median household income$63,981
- Per capita income$31,123
- Civilian labor force582 plus or minus 160
- Employed560 plus or minus 154
- Unemployed22 plus or minus 17
- Unemployment rate3.8 percent plus or minus 2.7
- Adults 25 and over830
- Adults 25 and over with a high school diploma or higher91.4 percent plus or minus 23.9
- Adults 25 and over with a bachelor degree or higher14.0 percent plus or minus 4.7
- Adults 25 and over with a graduate degree4.1 percent plus or minus 2.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Colchester
Housing in Colchester
- Housing units613
- Occupied units532
- Vacant units81 plus or minus 42
- Vacancy rate13.2 percent plus or minus 6.5
- Owner occupied396
- Renter occupied136 plus or minus 71
- Ownership rate74.4 percent
- Median owner-occupied home value$91,700
- Median gross rent, monthly$808
- Annual rent as a share of median income15.2 percent
- Single family units544
- Share single family88.7 percent
- Units in buildings of two or more23 plus or minus 26
- Share in buildings of two or more3.8 percent plus or minus 4.2
- Mobile homes46 plus or minus 28
- Median year structure built1960
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Colchester
How Colchester gets to work
- Workers 16 and over who commute536 plus or minus 146
- Commuting under 15 minutes220 plus or minus 68
- Share commuting under 15 minutes41.0 percent
- Commuting 30 minutes or more44 plus or minus 40
- Share commuting 30 minutes or more8.2 percent plus or minus 7.1
- Drove alone84.3 percent
- Carpooled8.8 percent plus or minus 7.5
- Public transport2.0 percent plus or minus 3.0
- Walked0.0 percent
- Worked from home4.1 percent plus or minus 4.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Colchester
SBA loans in Colchester (7(a))
- Approvals1
- Gross approval$160,000
- Average approval$160,000
- Median approval$160,000
- Ninetieth percentile approval$160,000
- Largest approval$160,000
- Jobs supported4
- Jobs per approval4.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term84 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
A charge-off rate is not published here. only 0 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.
McDonough County, not Colchester
McDonough County context, not Colchester figures
These are McDonough County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Colchester measurements.
- Establishments in McDonough County611
- Employment at those establishments, McDonough County8,590
- Covered employment, McDonough County10,119
- Average annual pay, McDonough County$48,433
- Average weekly wage, McDonough County$931
- Housing units permitted, McDonough County1
- Of those, single family, McDonough County1
- County product, 2024, McDonough County$1,455,111,000
- County product change over the prior year, McDonough County2.6 percent
- Average income of an arriving household, McDonough County$42,259
Every figure in this section is published for McDonough County as a whole and is not a measurement of Colchester. 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.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- 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
Colchester questions, answered from the record.
How many people live in Colchester, Illinois?
1,128, in 532 households. Colchester city covers 1.15 square miles of land, which is 981 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Colchester in?
McDonough 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 Colchester?
$63,981. The median owner-occupied home is valued at $91,700. Median gross rent is $808 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Colchester businesses?
1 7(a) approvals totalling $160,000, across 1 lenders, median approval $160,000. These count approvals to borrowers whose address is in Colchester, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Colchester borrowers get paid back?
No rate is published for Colchester. only 0 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.
Are the county figures on this page Colchester figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for McDonough 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 Colchester.
Is zoning published for Colchester?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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