ZIP 60423 - 860Z200US60423 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 60423, understanding the local demographics and housing landscape is essential. Located in a vibrant area, this ZIP code offers a mix of suburban charm and economic strength. With data from 2023, this snapshot provides a clear picture of the population, income levels, housing costs, and racial composition. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living or working in ZIP 60423.

Population & Households

ZIP 60423 is home to a population of 32,813 residents, making it a moderately sized community with a strong residential base. This area supports 10,997 households, reflecting a stable and established neighborhood structure. With 11,494 total housing units, there’s a slight surplus of homes compared to households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a community that’s neither overcrowded nor underpopulated, offering potential for growth and opportunity.

Income & Housing Costs

One of the standout metrics for ZIP 60423 is its median household income of $137,651, which points to a relatively affluent community. This higher income level supports a robust local economy, making it an attractive spot for businesses and families seeking financial stability. On the housing front, the median home value stands at $376,500, reflecting a competitive yet accessible real estate market for buyers with above-average budgets. For renters, the median rent is $1,455 per month, which aligns with the area’s income levels and suggests a sustainable cost of living for those not ready to buy. These figures highlight ZIP 60423 as a place where economic strength meets reasonable housing options.

Race & Ethnicity

The demographic makeup of ZIP 60423 shows a diverse yet predominantly white population, with 76.76% identifying as white. Black residents make up 7.91% of the population, while Hispanic individuals account for 7.77%, and Asian residents comprise 2.29%. This composition indicates a community with a majority white population but with meaningful representation from other racial and ethnic groups. For businesses and investors, this diversity can translate into varied consumer needs and cultural opportunities, while homebuyers may appreciate the inclusive yet cohesive community vibe.

Key Facts

• Total population: 32,813 residents in ZIP 60423 as of 2023.
• Total households: 10,997, supporting a stable community base.
• Total housing units: 11,494, suggesting potential availability for new residents or investors.
• Median household income: $137,651, indicating strong economic health.
• Median home value: $376,500, reflecting a competitive housing market.
• Median rent: $1,455 per month, aligning with local income levels.
• Racial composition: 76.76% white, 7.91% Black, 7.77% Hispanic, 2.29% Asian.

What This Means for You

For homebuyers, ZIP 60423 offers a promising mix of affordability and value with a median home price of $376,500, backed by a high median income of $137,651. This suggests you’re investing in a financially secure area with potential for long-term growth. Real estate investors and agents will find the slight surplus of housing units (11,494 vs. 10,997 households) intriguing, as it may point to opportunities for rentals or flips, especially with a median rent of $1,455 attracting steady demand. Small-business owners can leverage the area’s diversity and strong income levels to target a wide range of customers, from families to professionals, ensuring a solid market for goods and services. Analysts can use these metrics to benchmark ZIP 60423 against neighboring areas, identifying trends in income, housing, and demographic shifts for deeper market studies.

Run This Study Yourself

Want to dive deeper into ZIP 60423 or compare it with another area? Follow these simple steps to uncover detailed insights tailored to your needs:

• Visit ZipcodeGPT to access powerful demographic and housing data tools.
• Enter any ZIP code to generate a comprehensive report with the latest statistics.
• Use the insights to make informed decisions for buying, investing, or starting a business.