ZIP 60142 - 860Z200US60142 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 60142, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of suburban appeal and economic potential. In this detailed snapshot, we dive into the 2023 data for ZIP 60142, covering population, household statistics, income levels, housing values, and racial composition. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about this community.

Population & Households

As of 2023, ZIP 60142 is home to a population of 29,452 residents. This sizable community is spread across 12,851 households, indicating a robust residential base. The total number of housing units stands at 13,194, suggesting a small but notable vacancy rate or availability of properties. For families and individuals looking to settle here, this points to a well-established area with room for growth or new entrants. For investors and businesses, the population size and household count signal a strong potential customer base or tenant pool.

Income & Housing Costs

Financial metrics are a critical factor when evaluating any area, and ZIP 60142 presents a solid economic profile. The median household income in 2023 is $87,286, reflecting a comfortable earning capacity for many residents. This income level supports a housing market where the median house value is $324,300—a figure that suggests a stable, mid-range market appealing to both first-time buyers and those seeking upgrades. For renters, the median rent is $1,377 per month, which aligns with the income levels and indicates a balanced rental market. These numbers provide a clear picture of affordability and investment potential in this ZIP code.

Race & Ethnicity

Understanding the cultural makeup of a community is vital for personal, business, and investment decisions. In ZIP 60142, the racial and ethnic composition in 2023 is predominantly White at 78.37%, with smaller but significant populations of Black (4.66%), Asian (5.48%), and Hispanic (9.24%) residents. This diversity, while moderate, offers a glimpse into the community's cultural fabric. For businesses, this mix can inform marketing strategies or product offerings. For homebuyers, it highlights a neighborhood with varied perspectives and backgrounds, contributing to a multifaceted community experience.

Key Facts

• Total population in ZIP 60142: 29,452 residents in 2023.
• Total households: 12,851, supporting a strong residential foundation.
• Total housing units: 13,194, indicating some availability for new occupants.
• Median household income: $87,286, suggesting economic stability.
• Median house value: $324,300, reflecting a mid-tier housing market.
• Median rent: $1,377, aligning with local income levels.
• Racial composition: 78.37% White, 9.24% Hispanic, 5.48% Asian, 4.66% Black.

What This Means for You

For homebuyers, ZIP 60142 offers a promising mix of affordability and value. With a median home price of $324,300 and a median income of $87,286, purchasing power is within reach for many, making this an attractive spot for families or individuals seeking stability. The slight surplus of housing units (13,194 vs. 12,851 households) could mean opportunities to negotiate or find the right property.

For investors and real estate agents, the data points to a steady market. The population of nearly 30,000 and a median rent of $1,377 suggest consistent demand for rental properties, while the home values indicate potential for appreciation over time. Keeping an eye on the vacancy rate could uncover undervalued properties or development opportunities.

For small-business owners, the diverse yet predominantly White demographic, combined with a solid income base, offers a reliable customer pool. Tailoring services or products to the cultural mix—especially the growing Hispanic and Asian segments—could help tap into niche markets. The population size also supports businesses in retail, services, or hospitality.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 60142? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date statistics on population, income, housing, and more, tailored to your needs.
• Use the insights to make smarter decisions for your home purchase, investment, or business strategy—data-driven choices are just a click away.