ZIP 60632 - 860Z200US60632 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP code 60632, located in the heart of Chicago, Illinois, understanding the area’s demographic and housing landscape is essential. This snapshot, based on 2023 data, provides a clear picture of the population, income levels, housing costs, and cultural composition. Whether you’re a homebuyer, real estate investor, agent, small-business owner, or analyst, these insights can guide your next steps in this vibrant community.

Population & Households

ZIP 60632 is home to a substantial population of 87,831 residents, making it a densely populated urban area with significant activity and opportunity. The area supports 27,058 households, reflecting a strong residential base. With 28,860 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking to enter the market. This balance suggests a community with room for growth while maintaining a robust, established population.

Income & Housing Costs

The median household income in ZIP 60632 stands at $60,576, positioning it as a middle-income area within the broader Chicago region. This income level supports a diverse range of lifestyles and purchasing power, which is valuable for businesses targeting local consumers. On the housing front, the median home value is $240,600, offering a relatively accessible entry point for homebuyers compared to higher-priced neighborhoods in the city. For renters, the median rent is $1,057 per month, reflecting a moderate cost of living for those not ready to buy. These figures highlight ZIP 60632 as a potentially affordable option in an urban setting.

Race & Ethnicity

The cultural fabric of ZIP 60632 is notably diverse, with a strong Hispanic presence at 82.88% of the population, making it a hub for Hispanic culture and community in Chicago. White residents account for 7.64%, Asian residents make up 7.12%, and Black residents represent 1.94%. This demographic makeup points to a predominantly Hispanic area, which could influence local businesses, schools, and cultural events. For investors and business owners, this diversity offers unique opportunities to cater to specific community needs and preferences.

Key Facts

• Total population: 87,831 residents, indicating a large, active urban community.
• Total households: 27,058, supporting a strong residential foundation.
• Total housing units: 28,860, suggesting some availability for new occupants.
• Median household income: $60,576, reflecting a middle-income demographic.
• Median home value: $240,600, an accessible price point for Chicago-area buyers.
• Median rent: $1,057, offering a moderate rental market for non-buyers.
• Hispanic population: 82.88%, highlighting a culturally rich, predominantly Hispanic area.

What This Means for You

For homebuyers, ZIP 60632 presents an opportunity to purchase at a median value of $240,600, which is competitive for an urban Chicago location. The slight surplus of housing units may give you some negotiating power. Investors and real estate agents can note the area’s population density and cultural diversity as drivers for rental demand, especially with a median rent of $1,057 that appeals to a broad tenant base. The strong Hispanic community could also inform targeted property marketing or development projects. Small-business owners should consider the demographic makeup—particularly the 82.88% Hispanic population—when planning products, services, or marketing strategies to resonate with local residents. Finally, analysts can use these metrics to benchmark ZIP 60632 against other areas, identifying trends in income, housing affordability, and cultural composition for deeper market studies.

Run This Study Yourself

• Curious about another ZIP code or want to dive deeper into ZIP 60632? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Enter any ZIP code to access up-to-date demographic, income, and housing data tailored to your needs.
• Use the insights to make informed decisions for your home purchase, investment, or business strategy.