ZIP 60098 - 860Z200US60098 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 60098 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of what to expect. Located in a dynamic area, ZIP 60098 is home to over 33,000 residents and provides a blend of suburban living with access to economic opportunities. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these 2023 metrics will help you make informed decisions about this community. Let’s dive into the population, income, housing, and diversity data to uncover the potential of this area.

Population & Households

ZIP 60098 has a total population of 33,307, making it a moderately sized community with a stable residential base. This population supports a vibrant local economy, ideal for businesses and investors looking for a reliable customer base. The area comprises 12,819 households, reflecting a mix of family and individual living arrangements. With 13,310 total housing units, there’s a slight surplus of homes compared to households, which could indicate opportunities for buyers or renters seeking availability.

Income & Housing Costs

The median household income in ZIP 60098 stands at $92,749, suggesting a relatively affluent community with strong purchasing power. This income level can attract businesses catering to middle- and upper-middle-class consumers. On the housing front, the median home value is $257,900, which positions the area as a competitive market for homebuyers looking for value in a suburban setting. For renters, the median rent is $1,178 per month, offering a more affordable alternative to homeownership while still reflecting the area’s economic stability. These figures provide a solid foundation for assessing affordability and investment potential.

Race & Ethnicity

The demographic makeup of ZIP 60098 is diverse, with a racial and ethnic composition that reflects a blend of backgrounds. The population is 73.26% White, 20.25% Hispanic, 2.12% Asian, and 1.72% Black. This diversity can be a significant draw for businesses and investors aiming to serve a varied customer base or for families seeking an inclusive community. Understanding this mix is crucial for tailoring services, marketing strategies, or community engagement efforts to resonate with local residents.

Key Facts

• Total population: 33,307 residents, offering a substantial market for businesses and services.
• Total households: 12,819, indicating a strong residential foundation.
• Total housing units: 13,310, suggesting potential availability for new residents or investors.
• Median household income: $92,749, reflecting solid economic stability.
• Median home value: $257,900, a competitive price point for suburban living.
• Median rent: $1,178, providing affordable rental options.
• Diversity: 20.25% Hispanic and 73.26% White, showcasing a multicultural community.

What This Means for You

For homebuyers, ZIP 60098 offers a promising mix of affordability and value with a median home price of $257,900 and a slight surplus of housing units. This could mean less competition when searching for your ideal property. Investors and real estate agents will find the area’s median income of $92,749 and population size appealing, as they point to a stable market with demand for both rentals and purchases. The diversity of the community also suggests potential for niche rental properties or targeted marketing. Small-business owners can leverage the sizable population and strong income levels to establish a loyal customer base, especially in sectors like retail, dining, or services that cater to diverse needs. Analysts can use these metrics as a benchmark to compare ZIP 60098 with neighboring areas, identifying trends in housing demand or economic growth. Overall, this ZIP code presents a balanced opportunity for various stakeholders.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 60098? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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