ZIP 60516 - 860Z200US60516 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 60516, located in the vibrant DuPage County 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, small-business owners, and analysts make informed decisions. Whether you're eyeing a family home, a rental property, or a commercial space, understanding ZIP 60516’s profile is your first step to success.

Population & Households

ZIP 60516 is home to a population of 28,594 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 11,383 households, reflecting a strong residential base. With 11,912 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate some availability for new residents or investors looking to enter the market. This balance suggests a stable community with room for growth, ideal for those seeking a settled yet dynamic place to live or work.

Income & Housing Costs

Financially, ZIP 60516 stands out with a median household income of $118,780, pointing to a relatively affluent population. This income level supports a robust local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $423,000, reflecting a competitive real estate market that aligns with the area’s higher income bracket. For renters, the median rent is $1,636 per month, indicating a significant cost for leasing but also potential for landlords seeking steady rental income. These figures highlight ZIP 60516 as a place where financial stability meets desirable housing options.

Race & Ethnicity

The demographic makeup of ZIP 60516 offers insight into its cultural fabric. The population is predominantly White at 80.7%, with smaller but notable percentages of Hispanic (8.86%), Asian (4.89%), and Black (2.86%) residents. This composition suggests a primarily homogeneous community with pockets of diversity, which can influence everything from local businesses to school environments. For those prioritizing cultural fit or market diversity, this breakdown provides a starting point to understand the social landscape of ZIP 60516.

Key Facts

• Total population: 28,594 residents, offering a suburban community scale.
• Total households: 11,383, indicating a strong residential presence.
• Total housing units: 11,912, suggesting slight availability for new occupants.
• Median household income: $118,780, reflecting economic strength.
• Median home value: $423,000, pointing to a premium real estate market.
• Median rent: $1,636, a notable cost for renters and opportunity for landlords.
• Racial composition: 80.7% White, 8.86% Hispanic, 4.89% Asian, 2.86% Black.

What This Means for You

For homebuyers, ZIP 60516 offers a financially stable community with a median home value of $423,000, ideal for those looking to invest in a high-value property with potential for appreciation. The slight surplus of housing units (11,912 vs. 11,383 households) may provide some negotiation room, though competition could still be stiff given the area’s desirability. Real estate investors and agents will find opportunity in both the sales and rental markets, as the $1,636 median rent suggests strong demand for leasing options—perfect for buy-to-rent strategies. Small-business owners can leverage the area’s $118,780 median income to target a consumer base with disposable income, especially in sectors like retail, dining, or services. Analysts can use this data to benchmark ZIP 60516 against nearby areas, identifying trends in housing or demographic shifts. Across all groups, the community’s relative diversity and suburban scale make it a versatile location for personal or professional growth.

Run This Study Yourself

• Curious about other ZIP codes or want deeper insights into ZIP 60516? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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• Use the detailed reports to make data-driven decisions for your next home, investment, or business venture.