ZIP 60629 - 860Z200US60629 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 60629 in Chicago for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located on the city’s Southwest Side, this area offers a unique blend of cultural diversity and economic opportunity. With data from 2023, this snapshot provides a clear view of population trends, income levels, housing costs, and ethnic 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 60629.

Population & Households

ZIP code 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 mix of family structures and living arrangements. The total number of housing units stands at 36,283, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or renters looking to move into the area, as well as potential for investors eyeing vacant properties.

Income & Housing Costs

The median household income in ZIP 60629 is $58,813, which offers a glimpse into the economic stability of the area. This income level supports a working-class and middle-income community, providing a foundation for local businesses and services. On the housing front, the median home value is $236,300, positioning 60629 as a relatively affordable option within the broader Chicago market. For renters, the median rent is $1,106 per month, which aligns with the income levels and offers a viable alternative to homeownership. These figures are critical for assessing affordability and investment potential in the area.

Race & Ethnicity

One of the standout characteristics of ZIP 60629 is its rich cultural diversity. The racial and ethnic composition of the area shows a predominantly Hispanic population at 76.41%, making it a hub for Hispanic culture and community in Chicago. Black residents account for 15.83% of the population, while White residents make up 5.48%. Asian residents represent a smaller share at 1.05%. This diversity shapes the local economy, social fabric, and business opportunities, offering a unique environment for residents and entrepreneurs alike.

Key Facts

• Total population in ZIP 60629: 109,292 residents, reflecting a large urban community.
• Total households: 34,229, with a mix of family and individual living arrangements.
• Total housing units: 36,283, suggesting some availability for new occupants.
• Median household income: $58,813, indicative of a working-class and middle-income area.
• Median home value: $236,300, offering relative affordability in the Chicago market.
• Median rent: $1,106, providing a reasonable option for non-homeowners.
• Ethnic composition: 76.41% Hispanic, 15.83% Black, 5.48% White, and 1.05% Asian.

What This Means for You

For homebuyers, ZIP 60629 presents an affordable entry point into the Chicago housing market with a median home value of $236,300. The slight surplus of housing units (36,283 vs. 34,229 households) could mean less competition for available properties. Real estate investors and agents might find value in the area’s diversity and population density, which support rental demand (median rent: $1,106) and potential for property appreciation in a culturally rich neighborhood. Small-business owners can leverage the large, diverse population of 109,292 and the significant Hispanic demographic (76.41%) to tailor products or services—think culturally specific retail, dining, or community services. Analysts will appreciate the clear economic indicators like the $58,813 median income, which can inform market studies or development plans. Across all groups, the data points to a stable, dynamic area with room for growth and engagement.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 60629? 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, tailored to your needs.
• Use the insights to make informed decisions for your home purchase, investment strategy, or business plan—data at your fingertips.