ZIP 60641 - 860Z200US60641 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 60641, located in the heart of Chicago’s northwest side, this demographic and housing snapshot offers a clear picture of the area. Based on 2023 data, we’ll break down key metrics like population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Whether you’re eyeing a family home, a rental property, or a commercial space, understanding ZIP 60641’s profile is the first step to success.

Population & Households

ZIP 60641 is home to a vibrant community of 67,400 residents. This sizable population supports a diverse and active local economy, making it an attractive spot for businesses and investors alike. The area comprises 25,449 households, reflecting a mix of family units, singles, and shared living arrangements. With 27,377 total housing units, there’s a slight surplus of available homes compared to occupied households, which could signal opportunities for buyers or renters looking to settle in this dynamic neighborhood.

Income & Housing Costs

The median household income in ZIP 60641 stands at $81,649, indicating a solid economic base for many residents. This income level suggests that families and individuals here have reasonable purchasing power, which can be a draw for small businesses catering to local needs. On the housing front, the median home value is $373,200, positioning ZIP 60641 as a moderately priced area within the Chicago market—potentially appealing to first-time buyers or investors seeking value. For renters, the median rent is $1,249 per month, offering a more accessible entry point compared to owning, which could attract a steady stream of tenants for property owners.

Race & Ethnicity

ZIP 60641 boasts a rich cultural tapestry, with a racial and ethnic composition that reflects Chicago’s diversity. The largest group is Hispanic, making up 52.29% of the population, followed by White residents at 35.62%. Asian individuals account for 5.38%, while Black residents represent 2.69%. This multicultural environment creates a unique community vibe, offering opportunities for businesses to cater to varied tastes and traditions, and providing residents with a culturally enriched living experience.

Key Facts

• Total population: 67,400 residents, supporting a robust local market.
• Total households: 25,449, indicating a strong residential base.
• Total housing units: 27,377, suggesting some availability for new occupants.
• Median household income: $81,649, reflecting solid economic stability.
• Median home value: $373,200, a moderate price point in the Chicago area.
• Median rent: $1,249, offering affordable rental options.
• Ethnic diversity: Over 52% Hispanic, with significant White and Asian populations.

What This Means for You

For homebuyers, ZIP 60641 offers a balanced market with median home values at $373,200, which could be within reach for many looking to invest in a diverse, urban neighborhood. The slight surplus of housing units (27,377 vs. 25,449 households) might mean less competition for available properties, giving you room to negotiate. Investors and real estate agents will find potential in the rental market, where a median rent of $1,249 attracts a steady tenant pool, especially given the area’s population size and income levels. Small-business owners can tap into a culturally diverse customer base of 67,400, tailoring offerings to Hispanic, White, and Asian communities for maximum impact. Analysts studying urban trends will appreciate the area’s economic stability (median income of $81,649) and demographic mix as indicators of long-term growth potential. Whatever your goal, ZIP 60641 presents a compelling case for opportunity.

Run This Study Yourself

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