ZIP 60527 - 860Z200US60527 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 60527 for your next home, investment, or business venture, understanding the area’s demographics and housing landscape is essential. Located in a dynamic region, this ZIP code offers a blend of suburban appeal and economic opportunity. With a population of over 29,000 and a median household income exceeding $110,000, ZIP 60527 stands out as a prosperous community with diverse housing options. This article breaks down the latest 2023 data to provide clear, actionable insights for homebuyers, real estate investors, small-business owners, and analysts.

Population & Households

ZIP 60527 is home to a population of 29,024 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 12,123 households, reflecting a vibrant and active area. The total number of housing units stands at 13,101, indicating a slight surplus of available properties relative to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant units for development or leasing.

Income & Housing Costs

One of the standout metrics for ZIP 60527 is its median household income of $110,482, which points to a financially stable and affluent community. This income level supports a robust local economy, making the area attractive for businesses targeting higher-income consumers. On the housing front, the median home value is $488,300, reflecting a premium market where properties hold significant value. For renters, the median rent is $1,553 per month, which aligns with the area’s upscale profile but may pose affordability challenges for some. These figures highlight ZIP 60527 as a high-value location for real estate investment and homeownership.

Race & Ethnicity

The demographic makeup of ZIP 60527 showcases a diverse yet predominantly white population. Approximately 66.22% of residents identify as white, while 7.99% are Black, 12.98% are Asian, and 6.75% identify as Hispanic. This diversity contributes to a culturally rich community, offering a mix of perspectives and experiences. For businesses, this varied demographic profile can translate into a broad customer base with unique needs and preferences, while homebuyers may appreciate the inclusive environment as they seek a place to call home.

Key Facts

• Total population: 29,024 residents, indicating a sizable community with a strong local presence.
• Total households: 12,123, reflecting a solid base of family and individual units.
• Total housing units: 13,101, suggesting availability for new residents or investors.
• Median household income: $110,482, highlighting economic strength and purchasing power.
• Median home value: $488,300, positioning ZIP 60527 as a premium real estate market.
• Median rent: $1,553, indicative of a competitive rental landscape.
• Racial composition: 66.22% white, 12.98% Asian, 7.99% Black, and 6.75% Hispanic, showcasing diversity.

What This Means for You

For homebuyers, ZIP 60527 offers a high-quality living environment with a median home value of $488,300, reflecting properties that retain value and appeal to those seeking long-term stability. The slight surplus of housing units (13,101 total) compared to households (12,123) suggests you may have room to negotiate or find a property that fits your needs. However, be prepared for a competitive market given the area’s affluence.

For investors and real estate agents, the data points to strong potential in ZIP 60527. The median household income of $110,482 indicates residents with disposable income, supporting rental demand at a median rate of $1,553. Unoccupied housing units could be leveraged for flips, rentals, or new developments, especially in a market where home values are substantial.

For small-business owners, this ZIP code’s diverse population of 29,024 and high median income create a promising customer base. Whether you’re opening a retail store, restaurant, or service-based business, the demographic mix and economic strength suggest opportunities to cater to varied tastes and budgets. Consider tailoring offerings to reflect the cultural diversity, with significant Asian and Hispanic populations alongside a white majority.

For analysts, the numbers provide a clear snapshot of a thriving suburban area. The income and housing metrics, combined with racial diversity, offer a foundation for deeper studies into economic trends, housing demand, or community development needs in ZIP 60527.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 60527? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Input any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your specific interests.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business in any area of interest.