ZIP 60517 - 860Z200US60517 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 60517, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of suburban appeal and economic opportunity. With data from 2023, this snapshot provides a clear picture of the population, income levels, housing costs, and racial composition. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living or working in ZIP 60517.

Population & Households

ZIP 60517 is home to a population of 33,173 residents, making it a moderately sized community with a strong residential base. This population is distributed across 12,822 households, reflecting a vibrant and active area. The total number of housing units stands at 13,270, indicating a slight surplus of available homes relative to occupied households. This balance suggests potential opportunities for homebuyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

Financially, ZIP 60517 stands out with a median household income of $96,357, which points to a relatively affluent community compared to national averages. This income level supports a robust local economy, benefiting small businesses and service providers. On the housing front, the median house value is $342,000, reflecting a competitive real estate market that could appeal to buyers seeking long-term value or investors looking for stable returns. For renters, the median rent is $1,507 per month, which aligns with the area’s income levels and suggests a strong rental market for landlords.

Race & Ethnicity

The demographic makeup of ZIP 60517 is diverse, offering a multicultural environment that can enrich community life and business opportunities. The racial composition includes 57.15% White, 11.27% Black, 10.9% Asian, and 16.59% Hispanic residents. This diversity can be a draw for families and businesses seeking an inclusive setting, as well as for investors who value varied consumer bases. The mix of backgrounds also supports a range of cultural amenities, events, and markets that contribute to the area’s appeal.

Key Facts

• Total population: 33,173 residents, indicating a sizable community.
• Total households: 12,822, showing a strong residential presence.
• Total housing units: 13,270, with some availability for new occupants.
• Median household income: $96,357, reflecting economic strength.
• Median house value: $342,000, suggesting a competitive housing market.
• Median rent: $1,507, indicating a solid rental demand.
• Racial diversity: 57.15% White, 16.59% Hispanic, 11.27% Black, 10.9% Asian.

What This Means for You

For homebuyers, ZIP 60517 offers a promising market with a median house value of $342,000 and a slight surplus of housing units, which could mean less competition for available properties. The median income of $96,357 also suggests neighbors with financial stability, often correlating with well-maintained communities. Real estate investors and agents will find potential in both the home sales and rental markets, as the $1,507 median rent indicates steady demand from tenants. Small-business owners can leverage the diverse population of 33,173 and the strong local income to target a wide customer base, especially in sectors like retail, dining, or services. Analysts can use these metrics to benchmark ZIP 60517 against other areas, identifying trends in housing affordability or demographic shifts. Across all groups, the area’s diversity and economic health provide a foundation for growth and opportunity.

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