ZIP 60409 - 860Z200US60409 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 60409 for your next home, investment property, or business location, understanding the local demographics and housing landscape is essential. Located in the Calumet City area of Illinois, this ZIP code offers a diverse community with a population of over 35,000 residents. In this detailed snapshot based on 2023 data, we break down key metrics like population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 60409 unique and how it could align with your goals.

Population & Households

ZIP 60409 is home to a substantial population of 35,253 individuals, making it a vibrant and active community. These residents are distributed across 14,678 households, reflecting a mix of family structures and living arrangements. With 16,868 total housing units in the area, there’s a notable presence of both occupied and vacant properties, which could signal opportunities for investors or buyers looking for availability. The average household size and density suggest a community that balances suburban space with access to local amenities, ideal for those seeking a connected yet manageable environment.

Income & Housing Costs

The median household income in ZIP 60409 stands at $53,991, positioning it as a middle-income area where affordability meets opportunity. For homebuyers, the median house value of $133,600 offers a relatively accessible entry point into homeownership compared to higher-priced neighboring regions. Renters, on the other hand, can expect a median rent of $1,138 per month, which aligns with the income levels and provides a realistic option for those not ready to buy. These figures suggest that ZIP 60409 could be a practical choice for families, young professionals, or investors seeking steady rental demand or affordable properties to flip or hold.

Race & Ethnicity

ZIP 60409 boasts a richly diverse population, with a racial and ethnic composition that reflects a strong cultural tapestry. The majority of residents, 73.83%, identify as Black, making this a predominantly African American community. Hispanic or Latino residents account for 15.43% of the population, while 7.36% identify as White, and a smaller 0.16% as Asian. This diversity can be a significant draw for businesses looking to cater to varied customer bases or for families seeking a multicultural environment where different perspectives and traditions thrive.

Key Facts

• Total population: 35,253 residents, indicating a sizable and active community.
• Total households: 14,678, reflecting a mix of family and individual living arrangements.
• Total housing units: 16,868, with potential availability for buyers or investors.
• Median household income: $53,991, supporting a middle-income lifestyle.
• Median house value: $133,600, offering affordability for prospective homeowners.
• Median rent: $1,138, providing a viable option for renters.
• Racial diversity: Predominantly Black (73.83%), with significant Hispanic (15.43%) and White (7.36%) populations.

What This Means for You

For homebuyers, ZIP 60409 presents an affordable opportunity to own a home with a median value of $133,600, well within reach for many first-time buyers or those looking to downsize. The diverse community also offers a welcoming environment for families of varied backgrounds. Real estate investors and agents should note the spread between occupied households and total housing units, which may indicate vacant properties ripe for renovation or rental income, especially given the steady median rent of $1,138. Small-business owners can leverage the area’s diversity and population size to target niche markets or provide essential services to a community with a solid income base of $53,991 median household earnings. Analysts can use these metrics to benchmark ZIP 60409 against nearby areas for broader market trends or development potential. Whether you’re settling down, investing, or starting a venture, this ZIP code offers practical advantages worth exploring.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 60409? Start by visiting ZipcodeGPT for a user-friendly platform to analyze local data.
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