ZIP 60110 - 860Z200US60110 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 60110 for your next home purchase, investment opportunity, or business venture, understanding the area’s demographic and housing landscape is essential. Located in a dynamic region, this ZIP code offers a diverse population and a range of housing options. In this detailed snapshot based on 2023 data, we break down key metrics like population size, household income, housing values, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights provide a clear picture of what life and opportunity look like in 60110.

Population & Households

As of 2023, ZIP code 60110 is home to a total population of 39,028 residents. This sizable community is distributed across 11,973 households, indicating a vibrant and active area with a strong residential base. The total number of housing units stands at 12,297, suggesting a slight surplus of available homes or rentals compared to occupied households. This balance could point to opportunities for buyers or investors looking to enter the market, as well as for businesses seeking to serve a stable population.

Income & Housing Costs

Financial metrics are critical when evaluating any area, and ZIP 60110 presents a solid economic profile. The median household income here is $87,714, reflecting a community with considerable purchasing power. This income level supports a robust local economy, which can be a draw for small businesses aiming to tap into a financially stable customer base. On the housing front, the median house value is $224,300, offering a relatively accessible entry point for homebuyers compared to many urban markets. For renters, the median rent is $1,421 per month, which aligns with the income levels and suggests a balanced rental market for both tenants and landlords.

Race & Ethnicity

Diversity is a defining characteristic of ZIP code 60110, with a racial and ethnic composition that reflects a rich cultural tapestry. The population identifies as 56.73% Hispanic, making this the predominant demographic group in the area. White residents account for 31.68%, while Black and Asian populations represent 4.75% and 3.87%, respectively. This multicultural environment can be a significant asset for businesses looking to cater to varied tastes and preferences, as well as for families seeking a diverse community to call home.

Key Facts

• Total population in ZIP 60110: 39,028 residents as of 2023.
• Total households: 11,973, supporting a strong community base.
• Total housing units: 12,297, indicating potential availability for new residents or investors.
• Median household income: $87,714, reflecting solid economic stability.
• Median house value: $224,300, an accessible price point for many buyers.
• Median rent: $1,421 per month, reasonable for the income demographic.
• Dominant ethnic group: Hispanic at 56.73%, showcasing significant diversity.

What This Means for You

For homebuyers, ZIP 60110 offers a promising mix of affordability and community vibrancy. With a median house value of $224,300, this area could be an excellent choice for first-time buyers or those looking to settle in a diverse, family-friendly environment. Real estate investors and agents will note the slight surplus of housing units (12,297 total versus 11,973 households), which may signal opportunities for rental properties or flips, especially given the healthy median rent of $1,421. Small-business owners can leverage the area’s strong median income of $87,714 and diverse population—especially the significant Hispanic demographic—to tailor products and services to a wide audience. Analysts studying market trends will find the demographic breakdown and economic stability useful for forecasting growth or identifying niche opportunities in this ZIP code.

Run This Study Yourself

Curious to dive deeper into ZIP 60110 or explore another area? Uncover detailed demographic and housing insights with these simple steps:

• Visit ZipcodeGPT to access powerful, user-friendly tools for ZIP code analysis.
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