ZIP 60440 - 860Z200US60440 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 60440 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of the area. Located in a dynamic region, ZIP 60440 is home to over 52,000 residents and reflects a diverse, economically stable community. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, understanding the population, income, housing trends, and cultural makeup of this area can help you make informed decisions. Let’s dive into the key metrics for 2023 and explore what they mean for your goals.

Population & Households

ZIP 60440 has a total population of 52,074, making it a sizable community with a mix of families, professionals, and individuals. This population is spread across 17,404 households, indicating an average household size of roughly three people. With 17,750 total housing units in the area, there’s a slight surplus of available homes compared to occupied households, which could signal opportunities for buyers or investors looking for properties in a moderately competitive market.

Income & Housing Costs

The median household income in ZIP 60440 stands at $95,120, reflecting a solid economic foundation for many residents. This income level suggests that the area supports a middle-to-upper-middle-class lifestyle, which can be attractive for businesses targeting this demographic. On the housing front, the median home value is $262,100, offering a reasonable entry point for buyers in a market where homeownership remains attainable for many. For renters, the median rent is $1,648 per month, which aligns with the income levels and indicates a balanced rental market for those not ready to buy.

Race & Ethnicity

ZIP 60440 is a culturally diverse area, with a racial and ethnic composition that reflects a vibrant, inclusive community. The population breakdown shows 35.67% White, 18.75% Black, 9.95% Asian, and 33.04% Hispanic residents. This diversity can be a significant draw for businesses seeking a broad customer base or for families looking for a multicultural environment. Understanding this mix is also critical for investors and analysts assessing market needs and community dynamics.

Key Facts

• Total population: 52,074 residents, indicating a robust community size.
• Total households: 17,404, with an average household size of about three people.
• Total housing units: 17,750, suggesting a small surplus of available properties.
• Median household income: $95,120, supporting a stable economic base.
• Median home value: $262,100, offering attainable homeownership opportunities.
• Median rent: $1,648, reflecting a balanced rental market.
• Diverse population: 35.67% White, 18.75% Black, 9.95% Asian, and 33.04% Hispanic.

What This Means for You

For homebuyers, ZIP 60440 presents a promising opportunity with a median home value of $262,100, which is accessible for many given the median household income of $95,120. The slight surplus of housing units (17,750 total units versus 17,404 households) suggests you might find some flexibility in negotiations or availability. Investors and real estate agents can leverage this data to target properties in a market with steady demand and a diverse population base, ensuring a wide pool of potential tenants or buyers. The rental market, with a median rent of $1,648, also offers stability for those focusing on income properties.

For small-business owners, the diverse demographic makeup (with significant White, Hispanic, Black, and Asian populations) means you can cater to varied customer preferences and cultural needs. The solid median income level indicates disposable income for goods and services, making this ZIP code a viable location for retail, dining, or professional services. Analysts can use these metrics to benchmark ZIP 60440 against neighboring areas, identifying trends in housing affordability, population growth, or economic potential.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 60440? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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