ZIP 60505 - 860Z200US60505 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 60505, located in the Aurora area of Illinois, this demographic and housing snapshot offers a clear picture of the community in 2023. With a sizable population, diverse cultural makeup, and accessible housing options, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the latest data to help you make informed decisions about living or working in 60505.

Population & Households

ZIP 60505 is home to 58,176 residents, making it a vibrant and densely populated area. This population is distributed across 17,327 households, reflecting a community with a strong residential base. The total number of housing units stands at 18,681, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for growth or investment in the housing market, especially for those looking to buy or rent in a lively neighborhood.

Income & Housing Costs

The median household income in ZIP 60505 is $70,306, which provides a solid economic foundation for many families and individuals. When it comes to housing, the median home value is $192,500, offering a relatively affordable entry point for buyers compared to nearby urban centers. For renters, the median monthly rent is $1,230, which aligns with the income levels and suggests a balanced cost of living for those not ready to purchase. These figures highlight 60505 as a potentially attractive area for first-time buyers or investors seeking value in a growing market.

Race & Ethnicity

The cultural landscape of ZIP 60505 is notably diverse, with a significant Hispanic population making up 79.3% of residents. White residents account for 12.52%, Black residents 6.32%, and Asian residents 0.77%. This rich diversity shapes the community’s identity, influencing local businesses, schools, and social dynamics. For business owners or investors, this demographic mix offers a chance to cater to a predominantly Hispanic market, while homebuyers may appreciate the cultural vibrancy and tight-knit community feel.

Key Facts

• Total population: 58,176 residents in ZIP 60505 as of 2023.
• Total households: 17,327, supporting a robust residential community.
• Total housing units: 18,681, with some availability for new occupants.
• Median household income: $70,306, reflecting a stable economic base.
• Median home value: $192,500, an accessible price for many buyers.
• Median rent: $1,230 per month, reasonable for the area’s income levels.
• Dominant ethnicity: Hispanic at 79.3%, shaping the cultural fabric.

What This Means for You

For homebuyers, ZIP 60505 offers affordable housing with a median home value of $192,500, making it a practical choice for families or first-time buyers looking to settle in a diverse and active community. The slight surplus of housing units (18,681 total versus 17,327 households) may also mean less competition in the market, potentially giving you negotiating power.

For investors and real estate agents, the combination of reasonable home values and a growing population of 58,176 suggests potential for appreciation or rental income. The median rent of $1,230 indicates a steady demand for rental properties, especially for those catering to the area’s large Hispanic demographic.

For small-business owners, the demographic makeup—particularly the 79.3% Hispanic population—presents a clear opportunity to tailor products or services to this majority group. A median household income of $70,306 also signals that many residents have disposable income to support local businesses.

For analysts, the data points to a stable, diverse community with room for housing growth and economic development. Keep an eye on how the surplus housing units and cultural dynamics influence future trends in 60505.

Run This Study Yourself

• Curious about other ZIP codes or want deeper insights into 60505? Start by visiting ZipcodeGPT to access powerful demographic tools.
• Enter any ZIP code to generate a detailed report on population, housing, income, and more, tailored to your needs.
• Use the data to inform your next home purchase, investment, or business strategy with confidence.