ZIP Code 60639 — Demographics & Housing Data 2023

Overview

If you're considering a move, investment, or business opportunity in ZIP 60639, located in the Chicago area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 84,000 and a diverse cultural makeup, this ZIP code presents unique opportunities and considerations for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest data, we’ll break down key metrics on population, income, housing, and ethnicity to help you make informed decisions.

Population & Households

ZIP 60639 is home to a substantial population of 84,505 residents as of 2023. These individuals are distributed across 26,703 households, reflecting a community with a strong residential presence. The total number of housing units stands at 28,656, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or investors looking to enter the market, as well as potential rental demand for property owners.

Income & Housing Costs

The median household income in ZIP 60639 is $59,710, which provides a benchmark for understanding the economic profile of the area. This income level can help prospective residents gauge affordability and lifestyle fit, while businesses can use it to assess consumer spending power. On the housing front, the median house value is $289,000, offering a sense of the investment required to own property here. For renters, the median monthly rent is $1,212, which is a critical figure for those weighing the cost of renting versus buying or for landlords evaluating rental income potential.

Race & Ethnicity

The demographic composition of ZIP 60639 is notably diverse, with a strong Hispanic presence at 76.0% of the population. Other racial groups include Black residents at 12.13%, White residents at 8.97%, and Asian residents at 1.64%. This cultural diversity shapes the community’s character, influencing everything from local businesses and cuisine to community events and social dynamics. For businesses and investors, understanding this breakdown can guide marketing strategies or property development plans to align with the needs and preferences of the majority demographic.

Key Facts

• Total population in ZIP 60639: 84,505 residents.
• Total households: 26,703, with 28,656 housing units available.
• Median household income: $59,710, reflecting moderate earning capacity.
• Median house value: $289,000, a key figure for buyers and investors.
• Median rent: $1,212 per month, relevant for renters and landlords.
• Hispanic population dominates at 76.0%, highlighting cultural diversity.
• Other racial groups: Black (12.13%), White (8.97%), Asian (1.64%).

What This Means for You

For homebuyers, ZIP 60639 offers a median house value of $289,000, which may be accessible for those with a household income near or above the area’s median of $59,710. The slight surplus of housing units (28,656 versus 26,703 households) could mean less competition in certain segments of the market, though thorough research on specific neighborhoods within the ZIP is advised. Renters should note the median rent of $1,212, which can help budget monthly expenses and compare against other areas.

Real estate investors and agents will find potential in the housing unit surplus and the area’s diversity, which could drive demand for varied property types or culturally tailored developments. The median values and rents provide a baseline for assessing return on investment and rental yield potential. Small-business owners can leverage the large Hispanic population (76.0%) to offer products or services that resonate with this demographic, while the median income suggests a customer base with moderate purchasing power for everyday goods and services.

Analysts and planners can use this data to identify trends, such as housing availability or demographic shifts, to inform urban planning or market studies. The diversity and population size of ZIP 60639 make it a compelling case study for understanding urban community dynamics in a major city like Chicago.

Run This Study Yourself

• Want to dive deeper into ZIP 60639 or explore another area? Start by visiting ZipcodeGPT for a user-friendly platform to access detailed demographic and housing data.
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• Use the insights to compare locations, spot opportunities, and make data-driven decisions with confidence.