ZIP 60018 - 860Z200US60018 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 60018, located in the greater Chicago area, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, understanding ZIP 60018’s profile can guide your next steps.

Population & Households

ZIP 60018 is home to a population of 29,302 residents as of 2023. This sizable community is distributed across 9,812 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 10,350, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

The median household income in ZIP 60018 is $85,415, a figure that positions the area as a relatively stable economic environment. This income level supports a comfortable lifestyle for many residents and signals purchasing power for local businesses. On the housing front, the median house value is $302,400, which offers a moderate entry point for homebuyers compared to pricier nearby markets. For renters, the median rent is $1,174 per month, providing a more affordable alternative to homeownership while still reflecting the area’s desirability. These figures can help you gauge affordability and investment potential in this ZIP code.

Race & Ethnicity

ZIP 60018 boasts a diverse community, with a racial and ethnic composition that reflects a blend of backgrounds. White residents make up 44.71% of the population, while Hispanic or Latino individuals account for 43.35%, creating a near-balanced demographic split. Asian residents comprise 8.65% of the population, and Black residents represent 1.64%. This diversity can be a draw for those seeking a multicultural environment, whether for personal, cultural, or business reasons, as it fosters a rich community dynamic.

Key Facts

• Total population in ZIP 60018: 29,302 residents.
• Total households: 9,812, with 10,350 total housing units available.
• Median household income: $85,415, indicating solid economic stability.
• Median house value: $302,400, a moderate price point for the region.
• Median rent: $1,174 per month, offering affordable rental options.
• Diverse population: 44.71% White, 43.35% Hispanic, 8.65% Asian, 1.64% Black.

What This Means for You

For homebuyers, ZIP 60018 presents a compelling mix of affordability and community diversity. With a median home value of $302,400 and rents around $1,174, you have options whether you’re buying or renting. The slight surplus of housing units (10,350 total versus 9,812 households) suggests you might find availability, though competition could still exist in desirable pockets.

Real estate investors and agents will note the balanced demographics and stable median income of $85,415, which supports consistent demand for housing. The diversity in ZIP 60018 also means a broad tenant or buyer pool, reducing vacancy risks. Consider focusing on properties near community hubs to maximize appeal.

Small-business owners can leverage the area’s population of nearly 30,000 and diverse cultural makeup to target varied customer needs. The solid household income indicates disposable income for goods and services, making this ZIP code a promising spot for retail, dining, or service-based ventures.

Analysts can use these metrics as a baseline for deeper market studies, comparing ZIP 60018 to neighboring areas for trends in housing demand, income growth, or demographic shifts. The data provides a foundation for forecasting future opportunities or challenges.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 60018? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Input any ZIP code to access up-to-date demographic, housing, and economic data tailored to your needs.
• Use the insights to inform your homebuying, investment, or business decisions with confidence.