ZIP Code 60302 — Demographics & Housing Data 2023

Overview

If you’re considering ZIP code 60302 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of the area. Located in a vibrant community, likely near urban centers given its metrics, 60302 is home to over 32,000 residents and presents a mix of economic opportunity and diversity. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these 2023 data points will help you make informed decisions about this dynamic area.

Population & Households

ZIP code 60302 has a total population of 32,589, making it a moderately sized community with a robust residential base. This population is distributed across 14,653 households, indicating a strong demand for housing and local services. With 15,702 total housing units, there’s a slight surplus of properties over households, which could suggest opportunities for buyers or investors looking for available units. These numbers reflect a stable, populated area that can support both residential and commercial growth.

Income & Housing Costs

The median household income in 60302 stands at $97,414, pointing to a relatively affluent community with significant purchasing power. This income level can attract businesses catering to middle- and upper-middle-class consumers. On the housing front, the median home value is $450,700, reflecting a high-demand real estate market where properties hold substantial value. For renters, the median rent is $1,348 per month, which aligns with the area’s income levels and suggests a competitive rental market. These figures indicate that 60302 is a place where both owning and renting come with a notable financial commitment, but the economic stability may justify the costs.

Race & Ethnicity

The demographic makeup of ZIP code 60302 showcases a diverse community, which can be a draw for those seeking an inclusive environment. The racial composition includes 62.09% White, 20.78% Black, 4.18% Asian, and 7.65% Hispanic residents. This diversity can enrich the cultural fabric of the area, offering a blend of perspectives and experiences. For businesses, this mix suggests a varied customer base, while for families and individuals, it points to a welcoming, multifaceted neighborhood.

Key Facts

• Total population: 32,589 residents, indicating a sizable community.
• Total households: 14,653, showing strong residential demand.
• Total housing units: 15,702, with a small surplus over households.
• Median household income: $97,414, reflecting economic strength.
• Median home value: $450,700, a marker of a premium housing market.
• Median rent: $1,348, competitive for the income demographic.
• Diverse population: 62.09% White, 20.78% Black, 4.18% Asian, 7.65% Hispanic.

What This Means for You

For homebuyers, ZIP code 60302 offers a stable, diverse community with high property values at a median of $450,700. This suggests long-term value retention, though it requires a significant investment upfront. The slight surplus of housing units (15,702 vs. 14,653 households) might mean some negotiation room, but competition could still be stiff given the area’s appeal. Investors and real estate agents will find a lucrative market here, with strong median incomes of $97,414 supporting both sales and rentals—median rent at $1,348 indicates solid returns for landlords. The diversity (over 20% Black and nearly 8% Hispanic) also means a broad tenant or buyer pool.

For small-business owners, the population of 32,589 and above-average income levels create a promising customer base, especially for services or products targeting middle- to upper-middle-class households. The cultural diversity can also inspire niche offerings that cater to varied tastes and needs. Analysts studying market trends will appreciate the balance of economic strength and demographic variety in 60302, making it a compelling case study for urban or suburban growth patterns. Overall, this ZIP code presents opportunities across multiple sectors if you’re prepared for the associated costs.

Run This Study Yourself

• Curious about other ZIP codes or want deeper insights into 60302? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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• Use the insights to make informed decisions for your home purchase, investment, or business strategy.