ZIP 60621 - 860Z200US60621 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 60621, located in Chicago's Englewood area, understanding the local demographics and housing landscape is essential. This snapshot, based on 2023 data, provides a clear picture of the population, income levels, housing costs, and racial composition in this community. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about living, working, or investing in ZIP 60621.

Population & Households

ZIP 60621 is home to a population of 27,318 residents. This community supports 11,382 households, indicating a moderate density of people per household. With 15,348 total housing units in the area, there is a notable number of vacant or unoccupied units, which could signal opportunities for investors or developers looking to revitalize properties. Understanding the balance between population and housing availability is key for anyone planning to engage with this neighborhood.

Income & Housing Costs

The median household income in ZIP 60621 stands at $33,235, which is relatively low compared to national averages. This figure suggests that affordability is a significant factor for residents and businesses operating in the area. On the housing front, the median home value is $161,900, offering a more accessible entry point for homebuyers or investors compared to other parts of Chicago. Meanwhile, the median rent is $1,017 per month, reflecting a rental market that aligns with the income levels of many local households. These metrics highlight ZIP 60621 as a potentially budget-friendly area for housing, though income constraints may influence purchasing power and business viability.

Race & Ethnicity

The racial and ethnic composition of ZIP 60621 is predominantly Black, with 87.96% of the population identifying as such. Hispanic residents make up 7.53% of the community, while White and Asian populations are smaller, at 1.61% and 0.64%, respectively. This demographic profile reflects a culturally distinct neighborhood with a strong African American presence, which could influence community dynamics, local businesses, and cultural offerings. For businesses and investors, understanding this composition can help tailor services or marketing strategies to resonate with the majority demographic.

Key Facts

• Total population in ZIP 60621: 27,318 residents.
• Total households: 11,382, with an average of about 2.4 people per household.
• Total housing units: 15,348, indicating potential vacancy or redevelopment opportunities.
• Median household income: $33,235, reflecting affordability challenges.
• Median home value: $161,900, a relatively accessible price point in Chicago.
• Median rent: $1,017 per month, aligning with local income levels.
• Racial composition: 87.96% Black, 7.53% Hispanic, 1.61% White, 0.64% Asian.

What This Means for You

For homebuyers, ZIP 60621 offers a chance to enter the housing market at a median value of $161,900, which is more affordable than many other Chicago ZIP codes. However, consider the median income of $33,235 when assessing long-term affordability and neighborhood amenities. For investors and real estate agents, the gap between total housing units (15,348) and occupied households (11,382) suggests potential for property acquisition or redevelopment, though local income levels may impact rental or resale demand. Small-business owners should note the demographic makeup—predominantly Black (87.96%)—and tailor offerings to meet the cultural and economic needs of the community, while keeping pricing accessible given the median income. Analysts can use these metrics to benchmark ZIP 60621 against neighboring areas for deeper market or policy insights. Across all groups, the data points to a community with unique opportunities balanced by economic considerations.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 60621? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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