ZIP 60046 - 860Z200US60046 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 60046, located in Lake County, Illinois, this demographic and housing snapshot offers a clear picture of the area based on 2023 data. Whether you're a homebuyer evaluating affordability, an investor assessing market potential, or a small-business owner scoping out customer bases, understanding the population, income levels, and housing dynamics of ZIP 60046 is essential. Let’s break down the key metrics to help you make informed decisions.

Population & Households

ZIP 60046 is home to a population of 34,708 residents, spread across 12,070 households. This indicates a community of moderate size with a strong residential presence. The total number of housing units stands at 12,544, suggesting a slight surplus of available homes relative to occupied households. For families or individuals looking to settle here, this could mean a reasonable chance of finding a place to call home, while investors might see potential in unoccupied units for rental or resale opportunities.

Income & Housing Costs

One of the standout metrics for ZIP 60046 is its median household income of $122,376. This figure points to a relatively affluent community, which could translate to strong purchasing power for local businesses and a stable market for real estate. On the housing front, the median home value is $282,500, reflecting a solid mid-range market that may appeal to buyers seeking value without the sticker shock of more urbanized areas. For renters, the median rent of $1,645 per month suggests a competitive rental market, potentially attractive to investors looking for steady income streams.

Race & Ethnicity

The demographic makeup of ZIP 60046 offers insight into the community’s diversity. The population is predominantly White at 69.61%, with significant representation from Hispanic residents at 16.86%. Asian individuals make up 6.0% of the population, while Black residents account for 4.09%. This mix indicates a culturally varied area, which could be a draw for businesses aiming to cater to diverse customer needs or for families seeking an inclusive environment.

Key Facts

• Total population in ZIP 60046: 34,708 residents.
• Total households: 12,070, indicating a strong residential base.
• Total housing units: 12,544, with some availability beyond occupied homes.
• Median household income: $122,376, suggesting above-average earning potential.
• Median home value: $282,500, a balanced entry point for buyers.
• Median rent: $1,645, reflecting a competitive rental market.
• Racial composition: 69.61% White, 16.86% Hispanic, 6.0% Asian, 4.09% Black.

What This Means for You

For homebuyers, ZIP 60046 presents a promising opportunity with a median home value of $282,500, which aligns well with the area’s high median income of $122,376. This suggests financial stability among residents, potentially reducing the risk of neighborhood decline. The slight surplus of housing units could also mean less competition when searching for a home.

For investors and real estate agents, the combination of a strong median income and a median rent of $1,645 points to a viable rental market. The diversity in housing stock, with over 12,500 units, offers options for flipping, renting, or holding properties for appreciation in a community with evident economic strength.

For small-business owners, the population of nearly 35,000, coupled with a diverse demographic profile, suggests a broad customer base. The high median income indicates disposable income for goods and services, making this an attractive spot for retail, dining, or professional services tailored to varied cultural preferences.

For analysts, these metrics provide a foundation for deeper market studies. The income-to-housing cost ratio and demographic trends can inform forecasts about future growth or shifts in demand for housing and commercial spaces in ZIP 60046.

Run This Study Yourself

• Curious about other areas or want updated data for ZIP 60046? Dive into detailed demographic and housing insights with ease.
• Visit ZipcodeGPT to access powerful tools that break down ZIP code data for your specific needs.
• Simply enter a ZIP code, and get tailored reports to guide your homebuying, investment, or business decisions.