ZIP 60406 - 860Z200US60406 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 60406 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a mix of diversity, affordability, and opportunity. With data from 2023, this snapshot provides a clear view of population trends, income levels, housing costs, and cultural composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in ZIP 60406.

Population & Households

ZIP 60406 is home to a population of 24,887 residents, reflecting a vibrant and sizable community. These individuals are distributed across 9,164 households, indicating a mix of family and individual living arrangements. The total number of housing units stands at 9,925, suggesting a slight surplus of available homes compared to occupied households. This balance could mean opportunities for prospective buyers or renters looking to settle in the area, as well as potential inventory for investors to consider.

Income & Housing Costs

The median household income in ZIP 60406 is $59,502, which points to a moderate earning capacity for residents. This income level can support a comfortable lifestyle while aligning with the area’s housing costs. The median house value is $166,000, making homeownership potentially accessible for many buyers compared to higher-priced markets. For renters, the median rent is $1,081 per month, offering a reasonable alternative to buying. These figures suggest that ZIP 60406 strikes a balance between affordability and value, appealing to a range of budgets and financial goals.

Race & Ethnicity

The cultural fabric of ZIP 60406 is notably diverse, reflecting a rich blend of backgrounds. The racial and ethnic composition breaks down as follows: 44.36% Hispanic, 33.84% Black, 19.35% White, and 0.47% Asian. This diversity creates a multifaceted community, which can be a draw for those seeking an inclusive environment. For businesses, this mix offers a broad customer base with varied needs and preferences, while homebuyers may appreciate the cultural vibrancy that shapes local events, cuisine, and social connections.

Key Facts

• Total population: 24,887 residents, indicating a robust community size.
• Total households: 9,164, showing a mix of family and solo living.
• Total housing units: 9,925, suggesting some availability for new occupants.
• Median household income: $59,502, reflecting moderate earning potential.
• Median house value: $166,000, offering affordability for buyers.
• Median rent: $1,081, providing a viable renting option.
• Diverse demographics: 44.36% Hispanic, 33.84% Black, 19.35% White, 0.47% Asian.

What This Means for You

For homebuyers, ZIP 60406 presents an affordable entry point with a median home value of $166,000, well within reach for many budgets, especially with a median household income of $59,502. The slight surplus of housing units (9,925 total) compared to households (9,164) could mean less competition when searching for a property. Investors and real estate agents might find potential in the rental market, where a median rent of $1,081 reflects steady demand, or in flipping properties given the reasonable home values. Small-business owners can tap into a diverse population of 24,887, tailoring products or services to a wide range of cultural preferences and needs. Analysts will note the demographic diversity and economic stability as key drivers for future growth or community development initiatives. Across all groups, the data underscores ZIP 60406 as a balanced, opportunity-rich area worth exploring further.

Run This Study Yourself

• Curious about other ZIP codes or deeper insights into ZIP 60406? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
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