ZIP 60467 - 860Z200US60467 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 60467, located in the Orland Park area of Illinois, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ve compiled key metrics on population, income, housing costs, and racial composition to help homebuyers, real estate investors, agents, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 60467 unique and how these numbers can guide your next steps.

Population & Households

ZIP 60467 is home to a population of 24,952 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 9,646 households, reflecting a stable residential base. The total number of housing units stands at 10,055, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

Financially, ZIP 60467 stands out with a median household income of $109,329, which is notably higher than many national and regional averages. This strong income level points to a community with significant purchasing power, which can be a draw for businesses and retailers. On the housing front, the median home value is $392,200, reflecting a robust real estate market that may appeal to investors seeking appreciation potential. For renters, the median rent is $2,202 per month, indicating a premium rental market that aligns with the area’s higher income and property values. These figures suggest that while entry costs are high, the financial stability of residents could support long-term investments or business ventures.

Race & Ethnicity

The demographic makeup of ZIP 60467 is predominantly White, with 82.95% of the population identifying as such. Other groups contribute to the area’s diversity, including Black residents at 3.86%, Asian residents at 4.91%, and Hispanic or Latino residents at 5.91%. This composition reflects a primarily homogeneous community with pockets of cultural diversity, which could influence local businesses, schools, and community services. For small-business owners or investors, understanding this mix can help tailor offerings or marketing strategies to resonate with the majority while addressing the needs of smaller demographic segments.

Key Facts

• Total population: 24,952 residents, offering a suburban community scale.
• Total households: 9,646, indicating a strong residential foundation.
• Total housing units: 10,055, with some availability for new occupants.
• Median household income: $109,329, showcasing significant local earning power.
• Median home value: $392,200, pointing to a high-value real estate market.
• Median rent: $2,202, reflecting a premium rental environment.
• Racial composition: 82.95% White, 3.86% Black, 4.91% Asian, 5.91% Hispanic, highlighting a predominantly White area with diversity.

What This Means for You

For homebuyers, ZIP 60467 offers a financially stable community with high median incomes and home values, suggesting a safe bet for long-term property appreciation. However, the elevated median home value of $392,200 and rent of $2,202 may require careful budgeting or a strong financial position to enter the market. Real estate investors and agents can find value in the slight surplus of housing units (10,055 total units versus 9,646 households), which could mean opportunities for flipping, renting, or filling vacant properties. The high median income also indicates that tenants or buyers in this area are likely to have the means to sustain leases or purchases.

For small-business owners, the strong median income of $109,329 signals a customer base with disposable income, ideal for retail, dining, or service-based businesses. The demographic breakdown, while predominantly White, includes smaller but significant Asian and Hispanic populations, offering a chance to cater to niche markets with culturally relevant products or services. Analysts can use these metrics to benchmark ZIP 60467 against neighboring areas, identifying trends in income growth, housing demand, or demographic shifts that could shape future opportunities.

Run This Study Yourself

Curious to dive deeper into ZIP 60467 or compare it with another area? Uncover detailed insights tailored to your needs with these simple steps:

• Visit ZipcodeGPT to access powerful demographic and housing analysis tools.
• Enter any ZIP code to generate a comprehensive report with the latest data.
• Use the insights to inform your homebuying, investment, or business decisions with confidence.