ZIP 60074 - 860Z200US60074 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 60074, understanding the area’s demographic and housing landscape is essential. Located in a dynamic region, this ZIP code offers a blend of diversity, economic stability, and housing options that cater to a variety of needs. Drawing from the latest 2023 data, this snapshot provides a clear picture of the population, income levels, housing costs, and cultural composition in 60074. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions.

Population & Households

ZIP 60074 is home to a population of 36,296 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 14,375 households, reflecting a mix of family structures and living arrangements. With 14,953 total housing units in the area, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters looking to settle in this area. This balance suggests a stable housing market with room for growth or flexibility depending on demand.

Income & Housing Costs

The median household income in ZIP 60074 stands at $81,911, positioning it as a community with solid earning potential. This income level supports a comfortable lifestyle for many residents and indicates a market where consumer spending power is notable—a key consideration for businesses. On the housing front, the median home value is $307,800, reflecting a competitive yet accessible real estate market for buyers and investors. For renters, the median rent is $1,429 per month, which aligns with the income levels and suggests that renting is a viable option for those not ready to purchase. These figures highlight a balanced cost of living that can appeal to a wide range of budgets.

Race & Ethnicity

ZIP 60074 boasts a diverse cultural makeup, which adds to its appeal as an inclusive and multifaceted community. The racial and ethnic composition includes 51.98% White, 6.28% Black, 8.29% Asian, and a significant 30.79% Hispanic population. This diversity fosters a rich social environment, offering opportunities for cultural exchange and community engagement. For businesses, this mix can translate into a broad customer base with varied needs and preferences, while homebuyers may appreciate the welcoming, multicultural atmosphere.

Key Facts

• Total population in ZIP 60074: 36,296 residents.
• Total households: 14,375, with 14,953 housing units available.
• Median household income: $81,911, indicating strong local earning power.
• Median home value: $307,800, competitive for the region.
• Median rent: $1,429 per month, accessible for many income levels.
• Diverse demographics: 51.98% White, 30.79% Hispanic, 8.29% Asian, 6.28% Black.

What This Means for You

For homebuyers, ZIP 60074 offers a promising market with median home values at $307,800, which could represent a sound investment given the area’s income stability and diversity. The slight surplus of housing units (14,953 vs. 14,375 households) might provide negotiating leverage or more options to choose from. Investors and real estate agents will find potential in this balance as well, whether focusing on rentals at a median of $1,429 or flipping properties in a community with steady demand. Small-business owners can capitalize on the diverse population of 36,296 and a median income of $81,911, which suggests a customer base with disposable income and varied cultural needs—ideal for tailored products or services. Analysts can use these metrics to benchmark 60074 against neighboring areas, identifying trends in housing or demographic shifts that could influence future growth.

Run This Study Yourself

• Curious about diving deeper into ZIP 60074 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore detailed demographic data.
• Input any ZIP code to access up-to-date population, income, and housing insights tailored to your needs.
• Use the generated reports to inform your next move, whether you’re buying a home, investing, or planning a business venture.