ZIP 60622 - 860Z200US60622 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 60622, located in the vibrant heart of Chicago, this demographic and housing snapshot offers a clear picture of the area. Based on 2023 data, this analysis covers population trends, income levels, 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 for ZIP 60622 and uncover what makes this area unique.

Population & Households

ZIP 60622 is home to a population of 53,696 residents, making it a bustling urban community. This area supports 25,594 households, reflecting a dense and active residential base. With 27,630 total housing units, there’s a slight surplus of properties over households, which could indicate some availability for new residents or investors looking to enter the market. This balance suggests a dynamic neighborhood with room for growth or turnover, appealing to those seeking a lively urban environment.

Income & Housing Costs

The median household income in ZIP 60622 stands at an impressive $124,852, pointing to a relatively affluent community compared to national averages. This higher income level supports a robust local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $622,900, reflecting a premium real estate market that aligns with the area’s economic strength. For renters, the median rent is $1,932 per month, indicating a significant cost for those not ready to buy. These figures highlight ZIP 60622 as a high-demand area where housing costs match the earning power of its residents.

Race & Ethnicity

The demographic makeup of ZIP 60622 showcases a diverse yet predominantly white population. Approximately 63.14% of residents identify as white, while 21.41% are Hispanic, 5.44% are Asian, and 4.43% are Black. This diversity contributes to a culturally rich environment, offering a blend of perspectives and experiences. For businesses and investors, this mix can translate into varied consumer needs and opportunities to cater to a broad audience. Homebuyers may also appreciate the inclusive vibe that comes with such a demographic profile.

Key Facts

• Total population: 53,696 residents, indicating a sizable urban community.
• Total households: 25,594, supporting a dense residential base.
• Total housing units: 27,630, suggesting some availability for new occupants.
• Median household income: $124,852, reflecting strong local earning power.
• Median home value: $622,900, positioning this as a premium housing market.
• Median rent: $1,932, a notable cost for renters in the area.
• Racial composition: 63.14% white, 21.41% Hispanic, 5.44% Asian, 4.43% Black, showcasing diversity.

What This Means for You

For homebuyers, ZIP 60622 offers a vibrant, diverse community with a high median home value of $622,900. This suggests a strong long-term investment, though the price point may require careful financial planning. The median rent of $1,932 also indicates that renting could be a costly alternative while saving for a purchase. Real estate investors and agents will find opportunity in the slight surplus of housing units (27,630 vs. 25,594 households), which may point to potential for rentals or flips in a high-demand market. The affluent median income of $124,852 further supports the area’s appeal for premium properties. Small-business owners can benefit from the sizable population of 53,696 and diverse demographic mix, which offers a wide customer base with significant purchasing power. Finally, analysts can use these metrics to benchmark ZIP 60622 against other urban areas, noting its strong economic indicators and cultural diversity as key drivers of growth.

Run This Study Yourself

• Curious about diving deeper into ZIP 60622 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore detailed demographic data.
• Input any ZIP code to access up-to-date population, housing, and income insights tailored to your needs.
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