ZIP 60604 - 860Z200US60604 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 60604 for your next home, investment, or business venture, understanding its demographic and housing landscape is essential. Located in the heart of Chicago’s Loop, this area offers a unique blend of urban living with a small, tight-knit population. This article breaks down the latest 2023 data on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers and uncover what makes ZIP 60604 distinct.

Population & Households

ZIP 60604 is home to a modest population of 653 residents. Despite its central location in a bustling city, this ZIP code represents a smaller, more exclusive community within Chicago. The area comprises 383 households, indicating a relatively low density of residents per household. This could appeal to those seeking a quieter urban experience while still being in the heart of the action. With 510 total housing units, there’s a noticeable number of vacant or secondary properties, which may suggest opportunities for investors or seasonal residents.

Income & Housing Costs

The median household income in ZIP 60604 stands at $77,806, reflecting a financially stable community with above-average earning potential compared to national figures. This income level supports a robust local economy, which could be a draw for small businesses looking to cater to a higher-income demographic. On the housing front, the median home value is $577,700, signaling a premium real estate market. For renters, the median rent is $2,500 per month, which aligns with the area’s upscale positioning. These figures suggest that ZIP 60604 is a high-cost area, best suited for those with substantial budgets or investment capital.

Race & Ethnicity

The demographic makeup of ZIP 60604 is predominantly White, accounting for 76.11% of the population. Asian residents make up 14.24%, while Black residents represent 6.13%, and Hispanic individuals comprise 3.52%. This diversity, though limited in scale due to the small population, reflects a community with varied cultural influences. For businesses, this mix may offer niche opportunities to cater to specific cultural preferences or needs, while homebuyers might appreciate the blend of perspectives in this compact urban enclave.

Key Facts

• Total population: 653 residents, offering a small, exclusive community feel in central Chicago.
• Total households: 383, indicating a low resident-to-household ratio.
• Total housing units: 510, with potential vacancies or secondary homes for investors to explore.
• Median household income: $77,806, reflecting a financially stable demographic.
• Median home value: $577,700, positioning this as a premium real estate market.
• Median rent: $2,500, catering to high-income renters in an upscale area.
• Racial composition: 76.11% White, 14.24% Asian, 6.13% Black, 3.52% Hispanic, showing moderate diversity.

What This Means for You

For homebuyers, ZIP 60604 offers a chance to live in a prestigious part of Chicago’s Loop, but be prepared for steep costs with a median home value of $577,700 and rents at $2,500. This area suits those with higher budgets seeking proximity to downtown amenities. Investors and real estate agents might find potential in the gap between total housing units (510) and households (383), which could indicate vacant properties or short-term rental opportunities in a high-demand market. However, the high entry cost means careful financial planning is key. Small-business owners can leverage the area’s median income of $77,806 to target affluent customers with premium products or services, though the small population of 653 limits the immediate customer base—consider niche or specialized offerings. Analysts will note the area’s stable demographics and high property values as indicators of a low-risk, high-reward market, ideal for long-term investment studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 60604? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing metrics tailored to your needs.
• Use the insights to make data-driven decisions for your home purchase, investment, or business strategy.