ZIP 60202 - 860Z200US60202 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 60202 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a diverse population and a robust housing market. This snapshot, based on 2023 data, provides a clear picture of the community’s composition, income levels, and housing costs to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions.

Population & Households

ZIP 60202 is home to a population of 32,818 residents, making it a moderately sized community with a mix of urban and suburban characteristics. These residents are distributed across 14,024 households, reflecting a variety of family structures and living arrangements. With 15,024 total housing units in the area, there’s a slight surplus of units over households, which could indicate some availability for new residents or investors looking to enter the market.

Income & Housing Costs

The financial profile of ZIP 60202 is strong, with a median household income of $101,087. This figure suggests a relatively affluent community, where residents have significant purchasing power—ideal for businesses targeting mid-to-high-income customers. On the housing front, the median home value stands at $381,300, positioning this area as a competitive yet accessible market for buyers and investors. For renters, the median rent is $1,612 per month, reflecting a premium rental market that could appeal to landlords seeking steady returns.

Race & Ethnicity

The demographic makeup of ZIP 60202 is notably diverse, offering a multicultural environment that can enrich community life and business opportunities. The racial composition includes 54.19% White, 18.29% Black, 7.52% Asian, and 14.25% Hispanic residents. This diversity can be a draw for families seeking inclusive neighborhoods, businesses aiming to serve varied customer bases, and investors looking for vibrant, evolving markets.

Key Facts

• Total population: 32,818 residents, offering a sizable community for engagement.
• Total households: 14,024, indicating a strong base of potential customers or tenants.
• Total housing units: 15,024, suggesting some availability for new occupants or investments.
• Median household income: $101,087, reflecting a financially stable population.
• Median home value: $381,300, a competitive price point for the region.
• Median rent: $1,612, appealing for rental property investors.
• Diverse population: 54.19% White, 18.29% Black, 7.52% Asian, 14.25% Hispanic.

What This Means for You

For homebuyers, ZIP 60202 offers a diverse and financially stable community with median home values at $381,300. This price point, paired with a median household income of over $100,000, suggests a neighborhood where property values may hold strong over time, making it a sound long-term investment for families or individuals.

For real estate investors and agents, the slight surplus of housing units (15,024 units versus 14,024 households) hints at opportunities to acquire properties for rental or resale. The median rent of $1,612 indicates a lucrative rental market, especially for properties catering to mid-to-high-income renters.

For small-business owners, the population of 32,818 and the high median income provide a promising customer base. The area’s diversity also means businesses can tailor offerings to a wide range of cultural preferences, from retail to dining to services, enhancing market potential.

For analysts, the data points to a balanced market with growth potential. The combination of income, housing costs, and demographic diversity offers a rich dataset for forecasting trends or advising clients on strategic moves in this ZIP code.

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