ZIP 60629 - 860Z200US60629 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 60629 in Chicago for a home purchase, investment opportunity, or business venture, understanding the area’s demographic and housing landscape is essential. Located on the city’s southwest side, this ZIP code offers a diverse community with a mix of residential and economic potential. Using the latest 2023 data, this snapshot provides a clear picture of population, income, housing costs, and cultural composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in ZIP 60629.

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 population is distributed across 34,229 households, reflecting a strong residential base. With 36,283 total housing units in the area, there’s a slight surplus of units over households, which could indicate some availability for new residents or investors looking to enter the market. The size of this population also suggests a robust local customer base for businesses targeting families and individuals in this part of Chicago.

Income & Housing Costs

The median household income in ZIP 60629 stands at $58,813, which provides a moderate earning level for residents. This income figure is an important benchmark for homebuyers assessing affordability and for businesses gauging consumer spending power. On the housing front, the median home value is $236,300, positioning this area as a relatively accessible entry point into Chicago’s real estate market compared to higher-priced neighborhoods. For renters, the median rent is $1,106 per month, offering a more budget-friendly option for those not ready to buy. These figures highlight ZIP 60629 as a practical choice for a range of budgets and financial goals.

Race & Ethnicity

The cultural fabric of ZIP 60629 is notably diverse, with a strong Hispanic presence at 76.41% of the population. This is complemented by smaller but significant shares of Black residents at 15.83%, White residents at 5.48%, and Asian residents at 1.05%. This diversity shapes the community’s identity, influencing local businesses, schools, and social dynamics. For investors and business owners, this mix presents opportunities to cater to a multicultural audience with tailored products, services, or marketing strategies that resonate with the area’s predominant demographics.

Key Facts

• Total population: 109,292 residents, indicating a large and active community.
• Total households: 34,229, supporting a strong residential foundation.
• Total housing units: 36,283, suggesting some availability for new occupants.
• Median household income: $58,813, reflecting moderate earning capacity.
• Median home value: $236,300, an accessible price point in Chicago’s market.
• Median rent: $1,106, offering affordable rental options.
• Hispanic majority: 76.41% of residents, driving cultural and economic trends.

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 city. The moderate median income of $58,813 suggests a stable community, though budgeting for ongoing costs like property taxes is key. Investors and real estate agents will find potential in the slight surplus of housing units (36,283 vs. 34,229 households), which may signal opportunities for rentals or flips, especially with a median rent of $1,106 attracting tenants. The area’s diversity, particularly the 76.41% Hispanic population, could guide targeted property marketing. For small-business owners, the large population of 109,292 and cultural composition provide a sizable, diverse customer base—think ethnic foods, bilingual services, or community-focused offerings. Analysts can use these metrics to benchmark ZIP 60629 against other areas, focusing on income-to-housing cost ratios or demographic trends for deeper market studies.

Run This Study Yourself

• Want to dive deeper into ZIP 60629 or compare it with another area? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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• Use the insights to make confident decisions for buying, investing, or launching a business with data you can trust.