ZIP 60634 - 860Z200US60634 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 60634, located in the heart of Chicago’s northwest side, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 74,000 and a diverse community, this ZIP code presents a blend of residential stability and economic opportunity. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you understand the local landscape and make informed decisions.

Population & Households

ZIP 60634 is home to 74,418 residents, making it a densely populated urban area with a strong community feel. The area supports 27,575 households, reflecting a mix of family and individual living arrangements. With 29,344 total housing units, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters looking to settle in this part of Chicago. This balance suggests a stable residential environment with room for growth or investment.

Income & Housing Costs

The median household income in ZIP 60634 stands at $84,997, positioning it as a middle-to-upper income area within the Chicago metro. This income level supports a comfortable lifestyle for many residents and indicates a solid economic base for local businesses. Housing costs align with this income profile, with a median house value of $333,900. For renters, the median rent is $1,271 per month, offering a more affordable option compared to homeownership in the area. These figures suggest that while homeownership is a significant investment, renting remains a viable and cost-effective choice for many.

Race & Ethnicity

ZIP 60634 boasts a diverse population, reflecting the cultural richness of Chicago. The racial and ethnic composition includes 47.02% White, 42.7% Hispanic, 5.7% Asian, and 2.32% Black residents. This diversity creates a vibrant community with a wide range of cultural influences, which can be a draw for families, businesses, and investors alike. The near-equal split between White and Hispanic populations highlights the area’s multicultural identity, offering unique opportunities for community engagement and business ventures catering to varied demographics.

Key Facts

• Total population: 74,418 residents, indicating a sizable urban community.
• Total households: 27,575, supporting a mix of family and individual living.
• Total housing units: 29,344, suggesting some availability for new residents or investors.
• Median household income: $84,997, reflecting a stable economic foundation.
• Median house value: $333,900, a significant but accessible investment for many.
• Median rent: $1,271, offering a more affordable housing option.
• Diverse demographics: 47.02% White, 42.7% Hispanic, 5.7% Asian, 2.32% Black.

What This Means for You

For homebuyers, ZIP 60634 offers a stable housing market with a median home value of $333,900, which aligns with the area’s solid median income of $84,997. The slight surplus of housing units could mean less competition when searching for a property. Renters will find the median rent of $1,271 reasonable for an urban setting, providing flexibility for those not ready to buy.

For investors and real estate agents, the diversity of the population and the balance of housing units to households suggest potential for both rental and sales markets. The area’s income levels support sustained demand for quality housing, whether for families or individuals.

For small-business owners, the diverse demographic makeup and sizable population of 74,418 create a broad customer base. The median income indicates disposable income for goods and services, while the cultural diversity offers opportunities to cater to niche markets or multicultural needs.

For analysts, these metrics provide a foundation for deeper studies into urban trends, housing affordability, and demographic shifts in Chicago’s northwest side. The data points to a balanced, growing community worth monitoring.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 60634? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Enter any ZIP code to access up-to-date demographic, housing, and economic data tailored to your needs.
• Use the insights to inform your next move, investment, or business strategy with confidence.