ZIP 60160 - 860Z200US60160 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 60160 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in the heart of Illinois, this area offers a unique blend of diversity and opportunity. This snapshot, based on 2023 data, provides a clear picture of the population, income levels, housing costs, and cultural composition of ZIP 60160. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about this vibrant community.

Population & Households

ZIP 60160 is home to a population of 24,513 residents, making it a moderately sized community with a strong local presence. These individuals are distributed across 8,321 households, reflecting a mix of family and individual living arrangements. With 8,947 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate potential availability for new residents or investors looking to enter the market. This balance suggests a stable residential environment with room for growth or turnover.

Income & Housing Costs

The median household income in ZIP 60160 stands at $64,740, positioning it as a middle-income area where residents have a reasonable capacity for spending and investment. For homebuyers and investors, the median house value of $265,000 offers a potentially accessible entry point compared to pricier neighboring regions, while still reflecting solid property value. Renters, on the other hand, face a median rent of $1,194 per month, which aligns with the income levels and suggests a balanced rental market. These figures provide a practical benchmark for assessing affordability and return on investment in this ZIP code.

Race & Ethnicity

One of the standout characteristics of ZIP 60160 is its cultural diversity, with a significant Hispanic population comprising 77.79% of residents. This majority shapes the community’s identity, likely influencing local businesses, cuisine, and cultural events. The remaining demographic breakdown includes 16.8% White, 3.73% Black, and 0.71% Asian residents. For businesses and investors, this diversity signals a market with unique needs and opportunities, particularly for services and products tailored to Hispanic consumers. Understanding this composition can guide everything from marketing strategies to community engagement.

Key Facts

• Total population: 24,513 residents, offering a sizable local market or customer base.
• Total households: 8,321, indicating a strong residential foundation.
• Total housing units: 8,947, suggesting some availability for new occupants or investors.
• Median household income: $64,740, reflecting moderate purchasing power.
• Median house value: $265,000, a competitive price point for homebuyers.
• Median rent: $1,194, aligning with local income levels for renters.
• Hispanic majority: 77.79%, highlighting a culturally rich and diverse community.

What This Means for You

For homebuyers, ZIP 60160 presents an opportunity to purchase at a median value of $265,000, which may be more attainable than in surrounding high-cost areas. The slight surplus of housing units could mean less competition for available properties. Investors and real estate agents might find value in the stable rental market, with median rents at $1,194 supporting consistent demand, especially given the area’s population size. The income level of $64,740 suggests tenants can afford these rates, reducing vacancy risks. Small-business owners can leverage the area’s diversity, particularly the Hispanic majority of 77.79%, to offer targeted products or services—think cultural foods, bilingual services, or community-focused events. Analysts can use this data to benchmark ZIP 60160 against nearby regions, identifying trends in housing or demographic shifts. Across all groups, the cultural richness and economic stability of this area provide a solid foundation for decision-making.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 60160? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to compare areas, spot opportunities, and make data-driven decisions for your home, investment, or business plans.