ZIP 60636 - 860Z200US60636 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 60636 in Chicago for buying a home, investing in property, or starting a business, understanding the local demographics and housing landscape is essential. Located in the city’s southwest side, this area offers a unique mix of challenges and opportunities. With data from 2023, this snapshot provides a clear picture of population, income, housing costs, and racial composition to help you make informed decisions. Let’s dive into the numbers for ZIP 60636 and uncover what they mean for you.

Population & Households

ZIP 60636 is home to a population of 31,007 residents as of 2023. This sizable community is distributed across 11,444 households, indicating a relatively dense urban environment. However, the total number of housing units stands at 14,363, suggesting a notable vacancy rate. For homebuyers or investors, this could point to potential availability of properties, while small-business owners might see a stable customer base in this populated area.

Income & Housing Costs

The median household income in ZIP 60636 is $35,077, which is lower than many other areas in Chicago. This figure is critical for understanding the purchasing power of local residents, especially for business owners planning to serve this community. On the housing front, the median home value is $150,600, making this ZIP code a more affordable entry point for homebuyers compared to pricier neighborhoods. Meanwhile, the median rent is $1,135 per month, reflecting a significant portion of income for many households. Investors might find opportunities in rental properties given the demand, but should weigh the income constraints of potential tenants.

Race & Ethnicity

The demographic makeup of ZIP 60636 is predominantly Black, with 74.68% of residents identifying as such. Hispanic or Latino residents make up 21.5% of the population, while White and Asian residents account for just 0.91% and 0.62%, respectively. This diversity shapes the cultural fabric of the area, offering unique opportunities for businesses catering to specific community needs or for investors looking to engage with a predominantly minority population. Understanding these dynamics can help tailor marketing strategies or community engagement efforts.

Key Facts

• Total population: 31,007 residents in ZIP 60636 as of 2023.
• Total households: 11,444, supporting a dense urban community.
• Total housing units: 14,363, indicating potential property availability.
• Median household income: $35,077, reflecting lower earning capacity.
• Median home value: $150,600, an affordable option in Chicago.
• Median rent: $1,135, a significant expense for many locals.
• Racial composition: 74.68% Black, 21.5% Hispanic, with minimal White (0.91%) and Asian (0.62%) representation.

What This Means for You

For homebuyers, ZIP 60636 offers affordability with a median home value of $150,600, which could be a smart entry point into the Chicago market. However, consider the lower median income of $35,077 when assessing long-term value appreciation and neighborhood stability. Investors and real estate agents might see potential in the gap between housing units (14,363) and households (11,444), which could indicate vacant properties ripe for renovation or rental opportunities. Be mindful of the rental market dynamics, as the $1,135 median rent may strain tenants with limited incomes. Small-business owners can tap into a sizable population of 31,007, but should focus on affordable goods or services tailored to the cultural needs of a predominantly Black and Hispanic community. Analysts can use these metrics to benchmark ZIP 60636 against other areas for deeper market studies.

Run This Study Yourself

• Curious about other ZIP codes or want updated data for 60636? Dive into detailed demographic and housing insights with ease.
• Visit ZipcodeGPT to access powerful tools that break down population, income, and housing stats for any area.
• Run your own analysis in minutes and make data-driven decisions for your next home, investment, or business venture.