ZIP 60629 - 860Z200US60629 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP code 60629, located in the heart of Chicago’s southwest side, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 60629 unique and how its characteristics can align with your goals.

Population & Households

ZIP 60629 is home to a substantial population of 109,292 residents, making it a densely populated urban area with a vibrant community. This ZIP code supports 34,229 households, reflecting a strong residential base. With 36,283 total housing units, there’s a slight surplus of homes compared to households, which could indicate some availability for new residents or investors looking for opportunities. The average household size here suggests a mix of families and individuals, contributing to a dynamic neighborhood feel.

Income & Housing Costs

The median household income in ZIP 60629 stands at $58,813, which provides a solid economic foundation for many residents. This income level can support a range of lifestyles and business customer bases in the area. On the housing front, the median home value is $236,300, offering a relatively accessible entry point for homebuyers in the Chicago market. For renters, the median rent is $1,106 per month, which aligns with the income levels and suggests a balanced rental market. These figures point to a community where affordability and opportunity intersect, especially for first-time buyers or investors seeking value.

Race & Ethnicity

ZIP 60629 is a culturally rich and diverse area, with a racial and ethnic composition that reflects a predominantly Hispanic community at 76.41% of the population. Black residents make up 15.83%, while White residents account for 5.48%, and Asian residents represent 1.05%. This diversity shapes the cultural fabric of the neighborhood, influencing local businesses, schools, and community events. For business owners and investors, this mix presents opportunities to cater to a wide range of cultural preferences and needs.

Key Facts

• Total population: 109,292 residents, indicating a large and active community.
• Total households: 34,229, supporting a robust residential base.
• Total housing units: 36,283, suggesting some availability for new occupants.
• Median household income: $58,813, reflecting moderate economic stability.
• Median home value: $236,300, an accessible price point in the Chicago area.
• Median rent: $1,106, aligning with local income levels for renters.
• Hispanic population: 76.41%, highlighting significant cultural diversity.

What This Means for You

For homebuyers, ZIP 60629 offers a chance to enter the Chicago housing market at a median value of $236,300, which is competitive for the region. The slight surplus of housing units could mean less competition for available homes, though demand in urban areas like this can shift quickly. Investors and real estate agents will find value in the area’s affordability and diversity, with potential for rental properties given the $1,106 median rent and a large population base. Small-business owners can tap into a culturally rich customer pool of over 109,000 residents, tailoring offerings to a predominantly Hispanic demographic while addressing the needs of other groups. Analysts can use these metrics to track urban trends, noting the balance of income and housing costs as indicators of economic health. Whether you’re buying, investing, or building a business, ZIP 60629 presents a blend of opportunity and community strength.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 60629? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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