ZIP 60618 - 860Z200US60618 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP code 60618, located in the heart of Chicago’s North Side, this demographic and housing snapshot offers a clear picture of the area in 2023. Known for neighborhoods like Avondale and parts of Irving Park, 60618 is a vibrant, diverse community with a mix of residential and commercial appeal. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, understanding the population, income, and housing trends here can guide your next steps. Let’s break down the latest data to help you make informed decisions.

Population & Households

As of 2023, ZIP 60618 is home to a population of 91,896 residents. This sizable community is spread across 37,745 households, reflecting a dynamic and active area with a strong residential base. The total number of housing units stands at 41,053, indicating a mix of occupied and potentially available properties. For families, investors, or businesses, this population density suggests a robust local market with opportunities for engagement, whether through housing or commerce.

Income & Housing Costs

Financial metrics in ZIP 60618 paint a picture of a relatively affluent area within the Chicago region. The median household income is $101,558, which is notably higher than many surrounding areas, signaling a strong economic base for residents. Housing costs align with this income level, with a median house value of $538,300. This figure reflects the area’s desirability and potential for property appreciation, a key consideration for buyers and investors. For renters, the median rent is $1,534 per month, indicating a competitive rental market that could appeal to landlords or those seeking more affordable housing options compared to owning.

Race & Ethnicity

The cultural fabric of ZIP 60618 is diverse, offering a rich community blend that can appeal to a wide range of residents and business owners. The racial and ethnic composition in 2023 shows that 48.24% of the population identifies as White, 38.31% as Hispanic, 6.59% as Asian, and 2.9% as Black. This diversity fosters a multicultural environment, which can be a draw for families seeking inclusive neighborhoods or businesses aiming to serve varied customer bases. Understanding this mix can help tailor real estate or commercial strategies to the community’s unique needs.

Key Facts

• Total population in ZIP 60618: 91,896 residents, indicating a sizable and active community.
• Total households: 37,745, reflecting a strong residential foundation.
• Total housing units: 41,053, suggesting availability for potential buyers or investors.
• Median household income: $101,558, showcasing economic strength in the area.
• Median house value: $538,300, a marker of a high-demand real estate market.
• Median rent: $1,534, pointing to a competitive rental landscape.
• Diverse population: 48.24% White, 38.31% Hispanic, 6.59% Asian, and 2.9% Black.

What This Means for You

For homebuyers, ZIP 60618 offers a desirable location with a median house value of $538,300, which suggests long-term value growth potential in a sought-after Chicago area. The high median income of $101,558 also indicates a stable community, ideal for families or individuals looking to settle in a financially secure neighborhood. Real estate investors and agents will find the mix of 41,053 housing units and a competitive rental market (median rent $1,534) appealing for both buy-and-hold and rental income strategies. Small-business owners can leverage the diverse population of over 91,000 and the area’s economic strength to target a broad customer base, especially in culturally resonant sectors like food, retail, or services. Analysts can use these metrics to benchmark 60618 against other ZIP codes, identifying trends in housing demand or demographic shifts for deeper market studies.

Run This Study Yourself

• Curious about another ZIP code or want to dive deeper into 60618? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.