ZIP 60504 - 860Z200US60504 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 60504, located in the Aurora area of Illinois, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of nearly 39,000 and a diverse cultural makeup, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest data, we’ll break down key metrics like income, housing costs, and racial composition to help you make informed decisions about living or working in ZIP 60504.

Population & Households

ZIP 60504 is home to 38,861 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 14,009 households, reflecting a mix of family sizes and living arrangements. The total number of housing units stands at 15,029, indicating a slight surplus of available properties relative to occupied households. This balance suggests potential opportunities for those looking to buy or rent in the area, as well as for investors eyeing vacant units.

Income & Housing Costs

The median household income in ZIP 60504 is $98,249, positioning this area as a relatively affluent community compared to national averages. This income level supports a stable local economy, which can be a draw for businesses and families seeking financial security. On the housing front, the median home value is $272,800, offering a range of options for buyers looking for mid-priced properties in a suburban setting. For renters, the median rent is $1,861 per month, reflecting a competitive rental market that aligns with the area’s income levels. These figures provide a solid foundation for understanding affordability and investment potential in ZIP 60504.

Race & Ethnicity

ZIP 60504 boasts a diverse population, with a racial and ethnic composition that enriches the community’s cultural fabric. White residents make up 37.85% of the population, followed by Hispanic or Latino residents at 22.68%, Asian residents at 20.11%, and Black or African American residents at 13.78%. This diversity creates a dynamic environment for businesses catering to varied cultural needs and for families seeking an inclusive place to call home. Understanding this mix can help stakeholders tailor their strategies, whether it’s marketing a business or choosing a neighborhood that aligns with personal values.

Key Facts

• Total population: 38,861 residents in ZIP 60504 as of 2023.
• Total households: 14,009, indicating a mix of family and individual living arrangements.
• Total housing units: 15,029, with some availability for new occupants or investors.
• Median household income: $98,249, reflecting a strong local economy.
• Median home value: $272,800, a competitive price point for suburban buyers.
• Median rent: $1,861 per month, aligning with the area’s income levels.
• Diverse demographics: White (37.85%), Hispanic (22.68%), Asian (20.11%), Black (13.78%).

What This Means for You

For homebuyers, ZIP 60504 offers a promising mix of affordability and community diversity, with median home values at $272,800 and a range of housing units to explore. The area’s median income of $98,249 suggests neighbors with stable finances, which can contribute to a secure living environment. Real estate investors and agents will find potential in the slight surplus of housing units (15,029 total) compared to households (14,009), hinting at opportunities for rentals or flips, especially with a median rent of $1,861 attracting consistent demand. Small-business owners can leverage the diverse population of 38,861 to target niche markets, whether through culturally specific products or services that resonate with the area’s Hispanic, Asian, or other communities. Analysts can use these metrics as a baseline for deeper market studies, focusing on income and housing trends to predict future growth in ZIP 60504.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 60504? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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