ZIP 60625 - 860Z200US60625 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 60625, located in the heart of Chicago's North Side, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ll break down population stats, household income, housing values, rental costs, and racial composition to help you make informed decisions. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights into ZIP 60625 will guide your next steps with confidence.

Population & Households

ZIP 60625 is home to a vibrant community of 78,467 residents as of 2023. This sizable population supports a diverse and active local economy, making it an attractive spot for businesses and families alike. The area comprises 31,681 households, reflecting a mix of family units, singles, and shared living arrangements. With 33,932 total housing units, there’s a slight surplus of homes compared to households, which could indicate availability for new residents or investors looking to enter the market.

Income & Housing Costs

The median household income in ZIP 60625 stands at $85,299, suggesting a relatively strong economic base for many residents. This income level supports a comfortable lifestyle in an urban setting, though costs of living, especially housing, remain a key consideration. The median house value in this area is $396,700, reflecting the premium placed on real estate in Chicago’s North Side neighborhoods. For renters, the median monthly rent is $1,455, which aligns with the urban market but may require careful budgeting for some households. These figures highlight both the opportunities and challenges of living or investing in ZIP 60625.

Race & Ethnicity

ZIP 60625 boasts a diverse cultural makeup, which adds to its dynamic community fabric. The racial and ethnic composition in 2023 shows White residents at 44.75%, Hispanic or Latino at 32.24%, Asian at 13.92%, and Black or African American at 4.66%. This diversity fosters a rich blend of traditions, cuisines, and perspectives, making the area appealing to those who value multicultural environments. For businesses, this mix offers a broad customer base with varied needs and preferences.

Key Facts

• Total population: 78,467 residents in 2023, indicating a robust community.
• Total households: 31,681, supporting a mix of family and individual living arrangements.
• Total housing units: 33,932, suggesting potential availability for new occupants.
• Median household income: $85,299, reflecting a solid economic foundation.
• Median house value: $396,700, indicative of a competitive real estate market.
• Median rent: $1,455 per month, a key factor for renters and investors.
• Diverse demographics: 44.75% White, 32.24% Hispanic, 13.92% Asian, 4.66% Black.

What This Means for You

For homebuyers, ZIP 60625 offers a diverse and lively community with a median home value of $396,700. While this price point reflects the area’s desirability, the slight surplus of housing units (33,932 vs. 31,681 households) might provide some negotiation room or availability. Ensure your budget aligns with the median household income of $85,299 to maintain financial comfort.

For investors and real estate agents, the housing stats in ZIP 60625 signal potential. The median rent of $1,455 suggests a steady rental market for landlords, while the home value indicates room for appreciation in a sought-after urban area. The diverse population also means a wide tenant pool with varying needs.

For small-business owners, the population of 78,467 and diverse demographic makeup present a strong customer base. The median income of $85,299 suggests many residents have disposable income for local goods and services. Consider tailoring offerings to the cultural diversity, especially to Hispanic (32.24%) and Asian (13.92%) communities.

For analysts, these metrics provide a foundation for deeper studies into urban trends, housing affordability, and demographic shifts in ZIP 60625. The balance of income, housing costs, and diversity offers rich data for modeling future growth or challenges.

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