ZIP 60007 - 860Z200US60007 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 60007 for your next home, investment property, or business location, understanding the area’s demographic and housing landscape is essential. Located in a dynamic part of Illinois, 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 metrics, and racial composition in 60007. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, these insights will help you make informed decisions about this community.

Population & Households

ZIP code 60007 is home to a population of 32,485 residents as of 2023. This sizable community is distributed across 12,920 households, reflecting a mix of family and individual living arrangements. With 13,580 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 to enter the market. This balance suggests a stable residential environment with potential opportunities for growth or rental demand.

Income & Housing Costs

Financially, ZIP 60007 stands out with a median household income of $95,240, pointing to a relatively affluent community. This income level supports a robust local economy, which can be a draw for businesses and investors seeking a customer base with disposable income. On the housing front, the median house value in 60007 is $334,800, reflecting a solid real estate market with properties that hold significant value. For renters, the median rent is $1,574 per month, which aligns with the area’s income levels and suggests a competitive rental market. These figures highlight 60007 as a location where both homeownership and renting come with a notable cost, but also potential for long-term value.

Race & Ethnicity

The demographic makeup of ZIP 60007 is diverse, offering a multicultural environment that can appeal to a wide range of residents and businesses. The racial composition in 2023 shows that 69.32% of the population identifies as White, 11.59% as Asian, 2.94% as Black, and 14.47% as Hispanic. This diversity can enrich community life, foster cultural exchange, and create opportunities for businesses catering to varied consumer preferences. For investors and small-business owners, this mix may also signal a market open to a broad array of products and services.

Key Facts

• Total population in ZIP 60007: 32,485 residents.
• Total households: 12,920, indicating a strong residential base.
• Total housing units: 13,580, with some availability for new occupants.
• Median household income: $95,240, suggesting economic stability.
• Median house value: $334,800, reflecting a valuable real estate market.
• Median rent: $1,574, pointing to a competitive rental landscape.
• Racial diversity: 69.32% White, 11.59% Asian, 2.94% Black, 14.47% Hispanic.

What This Means for You

For homebuyers, ZIP 60007 offers a stable and affluent community with median home values at $334,800, indicating a market where properties are likely to retain or grow in value over time. The slight surplus of housing units could mean opportunities to find a home, though the median rent of $1,574 suggests renting is also a viable option for those not ready to buy. Real estate investors and agents will find a promising area with a strong median income of $95,240, supporting demand for both rental and purchase properties. The diversity in the population also means a varied tenant or buyer pool. Small-business owners can leverage the area’s economic strength and cultural mix to target a wide customer base, whether opening a retail store, restaurant, or service-based business. Analysts can use these metrics as a benchmark to compare 60007 with neighboring ZIP codes or to track trends over time, ensuring data-driven insights for clients or stakeholders.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 60007? Start by visiting ZipcodeGPT to access powerful demographic and housing data tools.
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