HomeIllinoisMcLean CountyTowanda
Towanda, Illinois: commercial real estate data.
Towanda is a Census village of 350 people across 0.74 square miles of land, in McLean County. Median household income is $72,500, 89.0 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $149,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Towanda
What Towanda is
- Census place typevillage
- Land area0.74 sq mi
- Water area0 sq mi
- Population per square mile of land470 plus or minus 126
- County holding the largest share of its areaMcLean 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.
Towanda
How many people live in Towanda
- Population350 plus or minus 94
- Median age44.7 plus or minus 9.4
- Population under 1871 plus or minus 34
- Share under 1820.3 percent plus or minus 8.1
- Population 65 and over72 plus or minus 29
- Share 65 and over20.6 percent plus or minus 6.2
- Households164 plus or minus 39
- Family households80 plus or minus 30
- Share of households that are families48.8 percent plus or minus 14.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Towanda
Income and work in Towanda
- Median household income$72,500 plus or minus $26,629
- Per capita income$39,362
- Civilian labor force179 plus or minus 61
- Employed179 plus or minus 61
- Unemployed0
- Unemployment rate0.0 percent
- Adults 25 and over241 plus or minus 56
- Adults 25 and over with a high school diploma or higher96.3 percent plus or minus 29.8
- Adults 25 and over with a bachelor degree or higher29.0 percent plus or minus 11.3
- Adults 25 and over with a graduate degree2.9 percent plus or minus 6.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Towanda
Housing in Towanda
- Housing units168 plus or minus 39
- Occupied units164 plus or minus 39
- Vacant units4 plus or minus 5
- Vacancy rate2.4 percent plus or minus 2.9
- Owner occupied146 plus or minus 38
- Renter occupied18 plus or minus 11
- Ownership rate89.0 percent
- Median owner-occupied home value$158,800
- Median gross rent, monthly$1,000 plus or minus $361
- Annual rent as a share of median income16.6 percent plus or minus 8.5
- Single family units161 plus or minus 40
- Share single family95.8 percent
- Units in buildings of two or more7 plus or minus 14
- Share in buildings of two or more4.2 percent plus or minus 8.6
- Mobile homes0
- Median year structure built1957
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Towanda
How Towanda gets to work
- Workers 16 and over who commute157 plus or minus 53
- Commuting under 15 minutes47 plus or minus 20
- Share commuting under 15 minutes29.9 percent plus or minus 8.2
- Commuting 30 minutes or more15 plus or minus 18
- Share commuting 30 minutes or more9.6 percent plus or minus 10.9
- Drove alone81.5 percent plus or minus 38.5
- Carpooled4.5 percent plus or minus 6.0
- Public transport0.0 percent
- Walked1.1 percent plus or minus 2.2
- Worked from home11.8 percent plus or minus 8.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Towanda
SBA loans in Towanda (7(a))
- Approvals2
- Gross approval$149,000
- Average approval$74,500
- Median approval$74,500
- Largest approval$113,600
- Jobs supported8
- Jobs per approval4.0
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term90 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
Counted by borrower city: approvals to borrowers whose address is in Towanda, in any county, FY2020 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, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Towanda
Flood risk in Towanda
- NFIP communityVillage of Towanda
- NFIP community number170504
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date07/16/08(M)
The Village of Towanda participates in the National Flood Insurance Program as community 170504 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.
McLean County, not Towanda
McLean County context, not Towanda figures
- Establishments in McLean County3,481
- Covered employment, McLean County88,945
- Average annual pay, McLean County$66,183
- Housing units permitted, McLean County243
Every figure in this section is published for McLean County as a whole and is not a measurement of Towanda.
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
Towanda questions, answered from the record.
How many people live in Towanda, Illinois?
350, in 164 households. Towanda village covers 0.74 square miles of land, which is 470 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Towanda in?
McLean 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 Towanda?
$72,500. The median owner-occupied home is valued at $158,800. Median gross rent is $1,000 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Towanda businesses?
2 7(a) approvals totaling $149,000 since FY2020, across 2 lenders, median approval $74,500. These count approvals to borrowers whose address is in Towanda, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Towanda borrowers get paid back?
No rate is published for Towanda. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Towanda in the National Flood Insurance Program?
Yes. Towanda appears in the FEMA Community Status Book as Towanda, village of, community 170504, 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 Towanda figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for McLean 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 Towanda.
Is zoning published for Towanda?
No. Nothing on this page presents parcel level zoning.
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