ZIP 60061 - 860Z200US60061 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP code 60061, located in the heart of Lake County, Illinois, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ve compiled key metrics on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Whether you’re eyeing a family home, a rental property, or a commercial space, understanding ZIP 60061’s profile is the first step to aligning your goals with the community’s reality.

Population & Households

ZIP 60061 is home to a population of 27,883 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 11,095 households, reflecting a strong residential base. With 11,649 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. The average household size works out to roughly 2.5 people, suggesting a mix of families and smaller living arrangements that cater to diverse lifestyles.

Income & Housing Costs

Financially, ZIP 60061 stands out with a median household income of $121,588, well above the national average. This indicates a relatively affluent community with significant purchasing power, which can be a draw for businesses targeting higher-income demographics. On the housing front, the median home value is $390,300, reflecting a robust real estate market that may appeal to buyers seeking long-term value or investors eyeing appreciation potential. For renters, the median rent is $1,862 per month, suggesting a premium rental market that aligns with the area’s income levels and property values.

Race & Ethnicity

The demographic makeup of ZIP 60061 is notably diverse, offering a multicultural environment that can enrich community life and business prospects. The racial composition breaks down as follows: 57.33% White, 24.6% Asian, 12.3% Hispanic, and 1.77% Black. This diversity suggests a welcoming area for families and businesses from varied backgrounds, with opportunities to cater to different cultural preferences and needs. The significant Asian and Hispanic populations, in particular, point to potential niches for specialized services or products.

Key Facts

• Total population: 27,883 residents in ZIP 60061.
• Total households: 11,095, with an average size of about 2.5 people.
• Total housing units: 11,649, indicating some availability for new occupants.
• Median household income: $121,588, signaling strong economic stability.
• Median home value: $390,300, reflecting a high-value real estate market.
• Median rent: $1,862, indicative of a premium rental landscape.
• Racial diversity: 57.33% White, 24.6% Asian, 12.3% Hispanic, 1.77% Black.

What This Means for You

For homebuyers, ZIP 60061 offers a prosperous and diverse community with a median home value of $390,300, which could be a solid investment given the area’s high median income of $121,588. The slight surplus of housing units suggests you might find options, though competition could be stiff due to the desirable location. Real estate investors and agents will note the strong rental market, with median rents at $1,862, pointing to potential for steady returns on rental properties, especially for units appealing to affluent renters or families. Small-business owners can leverage the area’s diversity and income levels to target niche markets, such as culturally specific goods or premium services, while the population size supports a viable customer base. Analysts can use these metrics to benchmark ZIP 60061 against nearby areas, identifying trends in housing demand or economic growth.

Run This Study Yourself

• Curious about diving deeper into ZIP 60061 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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