ZIP Code 60487 — Demographics & Housing Data 2023

Overview

If you’re considering ZIP code 60487 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of the area in 2023. Located in a dynamic region, this ZIP code encompasses a population of over 25,000 residents and provides a blend of suburban stability and economic opportunity. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, understanding the key metrics of 60487 can help you make informed decisions. Let’s dive into the latest data on population, income, housing, and diversity to uncover what makes this area unique.

Population & Households

ZIP code 60487 is home to 25,881 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 9,119 households, reflecting a community of families, professionals, and diverse living arrangements. With 9,293 total housing units in the area, there’s a tight balance between occupied and available properties, which suggests a stable housing market with limited vacancy. For homebuyers or investors, this indicates a competitive environment where demand may drive property values over time.

Income & Housing Costs

One of the standout features of ZIP 60487 is its robust economic profile. The median household income stands at an impressive $137,426, signaling a community with strong earning power. This level of income supports a higher quality of life and can attract businesses catering to affluent residents. On the housing front, the median home value is $339,600, positioning 60487 as a desirable yet attainable market for buyers looking for long-term value. For renters, the median rent is $1,428 per month, which aligns with the area’s income levels and suggests a balanced rental market for those not ready to buy.

Race & Ethnicity

The demographic makeup of ZIP 60487 reflects a predominantly white population at 78.69%, with notable diversity across other groups. Black residents account for 7.2% of the population, while Asian residents make up 3.62%. Additionally, 8.65% of the population identifies as Hispanic, contributing to a culturally rich community. This diversity can be a draw for businesses seeking to serve a varied customer base or for families looking for an inclusive environment to call home. Understanding this composition helps stakeholders anticipate community needs and tailor their offerings accordingly.

Key Facts

• Total population in ZIP 60487: 25,881 residents.
• Total households: 9,119, indicating a strong family and residential presence.
• Total housing units: 9,293, with minimal vacancy based on household numbers.
• Median household income: $137,426, reflecting significant economic strength.
• Median home value: $339,600, a competitive price point for the region.
• Median rent: $1,428, offering a viable option for non-buyers.
• Racial diversity: 78.69% white, 7.2% Black, 3.62% Asian, and 8.65% Hispanic.

What This Means for You

For homebuyers, ZIP 60487 offers a compelling mix of affordability and value with a median home price of $339,600, backed by a high median income of $137,426. This suggests you’re investing in a financially stable community with growth potential. Real estate investors and agents will find the tight housing market—evidenced by the near parity of households (9,119) and housing units (9,293)—indicative of steady demand, which could translate to reliable returns or quick sales. Small-business owners can leverage the area’s diversity and income levels to target a wide range of customers, particularly in sectors like retail, dining, or professional services. Analysts can use these metrics as a benchmark to compare 60487 with neighboring ZIP codes or to track trends over time, ensuring data-driven strategies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 60487? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access detailed reports on population, housing, income, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business in the area.