ZIP 60102 - 860Z200US60102 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 60102 for your next home, investment property, or business location, understanding the area's demographic and housing landscape is essential. Located in a vibrant part of Illinois, this ZIP code offers a blend of suburban appeal and economic opportunity. This snapshot, based on 2023 data, breaks down key metrics like population, income, housing values, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers and uncover what makes 60102 unique.

Population & Households

ZIP code 60102 is home to a population of 32,303 residents as of 2023, making it a moderately sized community with room for growth. These individuals are distributed across 11,788 households, reflecting a strong residential base. With 12,076 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate availability for new buyers or renters. This balance suggests a stable community with potential opportunities for those looking to settle or invest in the area.

Income & Housing Costs

One of the standout metrics for ZIP 60102 is its robust median household income of $128,070. This figure points to a financially secure population, which can be a draw for businesses seeking a customer base with disposable income or for investors eyeing properties in a high-earning area. On the housing front, the median house value stands at $320,600, reflecting a solid real estate market with homes priced at a level that matches the income demographics. For renters, the median rent is $1,826 per month, indicating a competitive rental market that could appeal to landlords or tenants seeking quality housing options.

Race & Ethnicity

The demographic makeup of ZIP 60102 offers a glimpse into its cultural diversity. The population is predominantly White at 74.5%, with Hispanic residents making up 14.24% of the community. Asian residents account for 5.38%, while Black residents represent 2.03%. This mix suggests a primarily homogeneous area with notable diversity, which can be a positive factor for businesses aiming to serve varied customer needs or for families seeking an inclusive environment. Understanding this composition can help tailor marketing strategies or community engagement efforts.

Key Facts

• Total population in ZIP 60102: 32,303 residents as of 2023.
• Total households: 11,788, supporting a strong residential community.
• Total housing units: 12,076, indicating potential availability for new residents.
• Median household income: $128,070, reflecting economic stability.
• Median house value: $320,600, a competitive price point for the income level.
• Median rent: $1,826 per month, appealing to renters and landlords alike.
• Racial composition: 74.5% White, 14.24% Hispanic, 5.38% Asian, 2.03% Black.

What This Means for You

For homebuyers, ZIP 60102 offers a promising market with a median house value of $320,600, aligning well with the area’s high median income of $128,070. This suggests you’re likely to find quality homes in a financially stable community. The slight surplus of housing units (12,076 vs. 11,788 households) could mean less competition when searching for your ideal property.

For investors and real estate agents, the data highlights potential in both buying and renting markets. With a median rent of $1,826, rental properties could yield strong returns, especially given the income levels supporting tenant affordability. The housing surplus also hints at opportunities to acquire properties at reasonable prices before demand increases.

For small-business owners, the high median income and diverse population of 32,303 provide a solid customer base. Whether you’re opening a retail store, restaurant, or service-based business, the economic strength and cultural mix in 60102 can support tailored offerings that resonate with local needs.

For analysts, these metrics offer a clear picture of a stable, growing area with economic vitality. The data can inform broader market studies or pinpoint specific opportunities in housing or commercial development.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 60102? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.