ZIP 60639 - 860Z200US60639 — Demographic Snapshot (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. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, agent, small-business owner, or analyst, these insights will guide your next steps in understanding this vibrant area.

Population & Households

ZIP 60639 is home to a substantial population of 84,505 residents, making it a densely populated urban area with a strong community presence. This population is distributed across 26,703 households, reflecting a mix of family and individual living arrangements. 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 renters looking to settle in the area, as well as potential for investors eyeing vacant properties.

Income & Housing Costs

The median household income in ZIP 60639 is $59,710, which provides a moderate economic base for residents. This income level can support a range of lifestyles and business customer bases, though it’s worth noting for investors and business owners that discretionary spending may be limited for some households. On the housing front, the median home value is $289,000, positioning this area as relatively affordable within the broader Chicago market. For renters, the median monthly rent is $1,212, which aligns with the income levels and offers a feasible option for those not ready to buy. These figures suggest a balanced housing market with entry points for various budgets.

Race & Ethnicity

The demographic makeup of ZIP 60639 is notably diverse, with a strong cultural identity. The population is predominantly Hispanic, accounting for 76% of residents, which shapes much of the community’s character, businesses, and social fabric. Black residents make up 12.13% of the population, while White residents comprise 8.97%, and Asian residents represent 1.64%. This diversity can be a significant draw for businesses catering to multicultural audiences and for families seeking a culturally rich environment to call home.

Key Facts

• Total population: 84,505 residents, indicating a sizable and active community.
• Total households: 26,703, reflecting a mix of family and solo living arrangements.
• Total housing units: 28,656, suggesting some availability for new occupants.
• Median household income: $59,710, supporting a moderate economic environment.
• Median home value: $289,000, offering affordability in an urban setting.
• Median rent: $1,212 per month, providing a viable option for renters.
• Hispanic population: 76%, highlighting a strong cultural influence in the area.

What This Means for You

For homebuyers, ZIP 60639 presents an opportunity to enter the Chicago market at a median home value of $289,000, which is competitive for the region. The slight surplus of housing units (28,656 total versus 26,703 households) may give you negotiating power. Investors and real estate agents should note the potential in unoccupied units and the area’s affordability, which could attract first-time buyers or renters paying a median of $1,212 monthly. The moderate median income of $59,710 suggests a stable, working-class tenant base but may limit high-end rental demand.

Small-business owners can leverage the area’s diversity, particularly the 76% Hispanic population, to tailor products, services, and marketing to a culturally specific audience. The large population of 84,505 ensures a broad customer base, though income levels indicate a focus on value-driven offerings may resonate best. Analysts studying urban trends will find ZIP 60639’s demographic mix and housing dynamics a compelling case study for multicultural community growth and economic patterns in Chicago.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 60639? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing metrics tailored to your needs.
• Use the insights to inform your homebuying, investment, or business decisions with confidence.