ZIP 60004 - 860Z200US60004 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP code 60004, located in the Arlington Heights area of Illinois, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ve compiled key metrics on population, income, housing, and diversity to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 60004 unique and how its characteristics can align with your goals.

Population & Households

ZIP 60004 is home to a substantial population of 51,884 residents, making it a vibrant and active community. These individuals are distributed across 20,228 households, reflecting a mix of family sizes and living arrangements. With 21,181 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking for opportunities. This balance suggests a stable residential base, ideal for those seeking a settled yet growing neighborhood.

Income & Housing Costs

One of the standout features of ZIP 60004 is its strong economic profile. The median household income stands at an impressive $124,962, pointing to a relatively affluent community with significant purchasing power. This income level supports a robust housing market, where the median home value is $415,100. For renters, the median rent is $1,703 per month, reflecting the premium cost of living in this desirable area. These figures suggest that ZIP 60004 is a market for those with solid financial footing, whether buying a home or leasing space for a business.

Race & Ethnicity

The demographic makeup of ZIP 60004 showcases a diverse yet predominantly white community. Approximately 72.33% of residents identify as white, while 11.25% are Hispanic, 9.77% are Asian, and 3.17% are Black. This diversity adds cultural richness to the area, offering a blend of perspectives and traditions. For businesses, this mix can translate into varied customer needs and opportunities to cater to different cultural preferences. For families, it means access to a community with a broad social fabric.

Key Facts

• Total population: 51,884 residents, indicating a sizable and active community.
• Total households: 20,228, reflecting a strong residential presence.
• Total housing units: 21,181, suggesting potential availability for new occupants.
• Median household income: $124,962, highlighting economic strength.
• Median home value: $415,100, indicative of a high-value real estate market.
• Median rent: $1,703, showing a premium rental market.
• Racial composition: 72.33% white, 11.25% Hispanic, 9.77% Asian, 3.17% Black, offering diversity.

What This Means for You

For homebuyers, ZIP 60004 presents a high-value market with a median home price of $415,100, ideal for those seeking a long-term investment in a prosperous area. The strong median income of $124,962 suggests neighbors with financial stability, often correlating with well-maintained properties and good schools. However, be prepared for competitive pricing and a need for solid financing.

For investors and real estate agents, the slight surplus of housing units (21,181 total units versus 20,228 households) hints at potential vacancies or opportunities for rental properties. With median rents at $1,703, there’s room for healthy returns, especially targeting professionals or families drawn to the area’s affluence and diversity.

For small-business owners, the diverse population and high median income signal a customer base with disposable income and varied needs. Whether you’re opening a retail store, restaurant, or service-based business, tailoring offerings to the cultural mix (notably Hispanic and Asian communities) could set you apart in this competitive market.

For analysts, these metrics provide a foundation for deeper studies into economic trends, housing demand, or community development in ZIP 60004. The data reflects a stable, affluent area with growth potential, worth monitoring for shifts in demographics or property values.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 60004? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your specific interests.
• Use the insights to inform your next move, whether you’re buying a home, investing, or planning a business venture in a new area.