ZIP 60448 - 860Z200US60448 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 60448, located in the heart of Illinois, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 24,000 and a strong median household income, this ZIP code presents a stable and prosperous community. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, understanding the key metrics of ZIP 60448 can help you make informed decisions. Let’s dive into the latest data to uncover what makes this area unique.

Population & Households

ZIP 60448 is home to a population of 24,630 residents, spread across 8,905 households. This indicates an average household size of roughly 2.8 people, suggesting a mix of families and smaller households. The total number of housing units stands at 9,196, with a small vacancy rate that points to a relatively tight housing market. For those looking to settle or invest here, this population density and household composition reflect a community that’s neither overcrowded nor sparse, offering a balanced suburban feel.

Income & Housing Costs

One of the standout metrics for ZIP 60448 is its median household income of $126,483, which signals a financially secure community. This income level positions the area as an attractive spot for families and professionals seeking a comfortable lifestyle. On the housing front, the median home value is $369,700, reflecting a robust real estate market that could appeal to buyers and investors alike. For renters, the median rent is $1,400 per month, which aligns with the area’s higher income bracket and suggests a demand for quality rental properties. These figures highlight ZIP 60448 as a place where housing costs match the earning potential of its residents.

Race & Ethnicity

The demographic makeup of ZIP 60448 shows a predominantly white population at 87.15%, with smaller percentages of Black (1.27%), Asian (0.99%), and Hispanic (8.47%) residents. This composition indicates a community with limited diversity compared to more urban areas, which may influence cultural dynamics, business opportunities, and community services. For businesses or investors, understanding this breakdown can help tailor offerings or marketing strategies to the majority demographic while recognizing the needs of smaller groups.

Key Facts

• Total population in ZIP 60448: 24,630 residents as of 2023.
• Total households: 8,905, with an average size of about 2.8 people.
• Total housing units: 9,196, indicating a low vacancy rate.
• Median household income: $126,483, reflecting strong earning power.
• Median home value: $369,700, suggesting a solid real estate market.
• Median rent: $1,400 per month, aligning with the area’s income levels.
• Racial composition: 87.15% white, 8.47% Hispanic, 1.27% Black, 0.99% Asian.

What This Means for You

For homebuyers, ZIP 60448 offers a financially stable community with a median home value of $369,700, ideal for those seeking long-term value in a suburban setting. The high median income of $126,483 suggests neighbors with disposable income, which can contribute to a high quality of life and strong local schools or amenities. Real estate investors and agents will find opportunity in the tight housing market, with only a small gap between total units and occupied households, indicating consistent demand. The rental market, with a median rent of $1,400, also presents potential for steady returns. Small-business owners can leverage the area’s affluent demographic—87.15% white with significant purchasing power—to offer targeted products or services, while considering niche markets among the Hispanic population (8.47%). Analysts can use these metrics to benchmark ZIP 60448 against nearby areas for deeper regional insights. Overall, this ZIP code stands out as a promising location for various stakeholders.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 60448? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing metrics tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.