ZIP 60628 - 860Z200US60628 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 60628, located in the Chicago area, this demographic and housing snapshot offers a clear picture of the community in 2023. With data on population, income, housing values, and racial composition, this analysis equips homebuyers, real estate investors, agents, small-business owners, and analysts with actionable insights. Let’s break down the numbers to help you understand what makes this area unique and whether it aligns with your goals.

Population & Households

ZIP 60628 is home to a population of 59,212 residents as of 2023. This sizable community is distributed across 23,170 households, indicating a mix of family and individual living arrangements. The total number of housing units stands at 28,736, suggesting some vacancy or availability for potential buyers or renters. For those evaluating community size and density, these figures point to a well-established urban area with opportunities for engagement and growth.

Income & Housing Costs

The median household income in ZIP 60628 is $49,719, reflecting a moderate earning level that may appeal to budget-conscious homebuyers or businesses targeting middle-income consumers. Housing affordability is a key consideration here, with a median house value of $158,500—potentially attractive for first-time buyers or investors seeking entry-level properties in the Chicago metro area. For renters, the median rent is $1,168 per month, which aligns with the income levels and offers a reasonable cost of living compared to other urban ZIP codes. These metrics suggest a market where affordability and opportunity intersect.

Race & Ethnicity

The demographic makeup of ZIP 60628 is predominantly Black, with 89.32% of the population identifying as such. Other groups include Hispanic residents at 5.11%, White residents at 3.3%, and Asian residents at 0.25%. This composition highlights a culturally rich and predominantly African American community, which could influence local businesses, cultural offerings, and community dynamics. For investors and business owners, understanding this diversity can guide marketing strategies or property development plans to resonate with the area’s residents.

Key Facts

• Total population: 59,212 residents, indicating a substantial urban community.
• Total households: 23,170, reflecting a mix of family and individual living setups.
• Total housing units: 28,736, suggesting potential availability for new residents or investors.
• Median household income: $49,719, pointing to a middle-income demographic.
• Median house value: $158,500, offering affordability in an urban market.
• Median rent: $1,168, a reasonable rate for renters in this income bracket.
• Racial composition: Predominantly Black (89.32%), with smaller Hispanic (5.11%), White (3.3%), and Asian (0.25%) populations.

What This Means for You

For homebuyers, ZIP 60628 presents an affordable entry point into the Chicago housing market with a median home value of $158,500. The moderate median income of $49,719 suggests a community where cost of living aligns with earnings, making it a practical choice for first-time buyers or those seeking value. Renters can also find reasonable options with a median rent of $1,168, ideal for those not ready to purchase.

For investors and real estate agents, the gap between total housing units (28,736) and households (23,170) indicates potential vacancies or underutilized properties—opportunities for rental investments or flips. The lower median home value could yield strong returns if demand in the area grows, especially given its urban location.

For small-business owners, the demographic profile—predominantly Black with a middle-income base—offers a clear target audience. Tailoring products, services, or marketing to resonate with the community’s cultural identity and financial capacity could drive success. The population size of nearly 60,000 also ensures a substantial customer base.

For analysts, these metrics provide a foundation for deeper studies on urban trends, housing affordability, or demographic shifts in Chicago’s south side. The data serves as a starting point for forecasting growth or identifying community needs.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 60628? 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, and more—customized to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.