ZIP 60005 - 860Z200US60005 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 60005 for your next home, investment property, or business location, understanding the area’s demographics and housing landscape is essential. Located in a dynamic region, this ZIP code offers a blend of suburban appeal and economic opportunity. This snapshot, based on 2023 data, provides a clear picture of the population, income levels, housing costs, and racial composition in 60005. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions tailored to your goals.

Population & Households

ZIP 60005 is home to a population of 29,022 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 12,598 households, reflecting a vibrant and active area. With 13,511 total housing units, there’s a slight surplus of properties compared to occupied households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable community with room for growth, appealing to those seeking a settled yet opportunity-rich environment.

Income & Housing Costs

Financially, ZIP 60005 stands out with a median household income of $100,304, indicating a relatively affluent population with solid earning power. This income level supports a robust local economy, which can be a draw for businesses and investors. On the housing front, the median house value is $376,200, positioning 60005 as a competitive yet accessible market for homebuyers in the region. For renters, the median rent is $1,621 per month, reflecting a premium rental market that aligns with the area’s income and property values. These figures suggest that 60005 offers a balanced cost of living for its economic profile, making it attractive for a range of budgets.

Race & Ethnicity

The demographic makeup of ZIP 60005 is diverse, contributing to a culturally rich community. The racial composition includes 71.21% White, 3.03% Black, 8.36% Asian, and 14.59% Hispanic residents. This diversity can be a significant asset for businesses aiming to serve a varied customer base or for families seeking an inclusive environment. The blend of backgrounds also hints at a community with a wide range of perspectives, which can foster innovation and collaboration in both social and economic spheres.

Key Facts

• Total population in ZIP 60005: 29,022 residents.
• Total households: 12,598, supporting a strong community base.
• Total housing units: 13,511, suggesting potential availability for new occupants.
• Median household income: $100,304, reflecting economic stability.
• Median house value: $376,200, competitive for the region.
• Median rent: $1,621, indicating a premium rental market.
• Racial diversity: 71.21% White, 14.59% Hispanic, 8.36% Asian, 3.03% Black.

What This Means for You

For homebuyers, ZIP 60005 offers a promising mix of affordability and value with a median house price of $376,200, backed by a median household income that supports a comfortable lifestyle. The slight surplus of housing units could mean less competition when searching for your ideal property. Investors and real estate agents will find opportunity in the rental market, where a median rent of $1,621 suggests strong demand and potential for solid returns, especially given the area’s economic strength. Small-business owners can benefit from a diverse and relatively affluent customer base, with a population of nearly 30,000 and a median income over $100,000, creating a fertile ground for retail, services, or dining ventures. Analysts can use these metrics to benchmark 60005 against neighboring ZIP codes, identifying trends in housing availability or demographic shifts. Across all groups, the diversity and stability of this area make it a compelling choice for long-term growth.

Run This Study Yourself

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