ZIP 60642 - 860Z200US60642 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 60642, located in the vibrant heart of Chicago, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 21,000 and a median household income surpassing $140,000, this ZIP code reflects a dynamic, affluent community. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, these metrics provide valuable insights to guide your decisions. Let’s dive into the numbers to understand what makes ZIP 60642 unique.

Population & Households

ZIP 60642 is home to 21,124 residents, making it a moderately sized urban community. These individuals are distributed across 11,379 households, with an average household size that suggests a mix of singles, couples, and small families. The area also has 12,144 total housing units, indicating a slight surplus of available homes or apartments relative to occupied households. This could point to opportunities for buyers or investors looking for properties in a well-populated urban zone with strong demand.

Income & Housing Costs

One of the standout features of ZIP 60642 is its robust economic profile. The median household income stands at an impressive $141,179, reflecting a high-earning community likely composed of professionals and dual-income households. Housing costs align with this affluence: the median house value is $604,200, positioning this area as a premium real estate market. For renters, the median monthly rent is $2,216, which is substantial but consistent with the income levels and property values. These figures suggest that ZIP 60642 is a desirable, upscale location where both owning and renting come at a significant cost.

Race & Ethnicity

The demographic makeup of ZIP 60642 showcases a diverse yet predominantly white community. Approximately 64.46% of residents identify as white, while 14.38% are Hispanic, 8.02% are Black, and 7.97% are Asian. This diversity adds cultural richness to the area, making it an attractive place for those seeking a cosmopolitan environment. For businesses, this mix can translate into a broad customer base with varied needs and preferences, while homebuyers may appreciate the inclusive community vibe.

Key Facts

• Total population: 21,124 residents in ZIP 60642 as of 2023.
• Total households: 11,379, indicating a strong residential base.
• Total housing units: 12,144, with some availability for new occupants.
• Median household income: $141,179, reflecting high earning potential.
• Median house value: $604,200, a premium price point for buyers.
• Median rent: $2,216 per month, aligning with the area’s upscale profile.
• Racial composition: 64.46% white, 14.38% Hispanic, 8.02% Black, 7.97% Asian.

What This Means for You

For homebuyers, ZIP 60642 offers a prestigious address with high property values, ideal if you’re seeking a long-term investment in a thriving urban area. However, the median house value of $604,200 and rent of $2,216 signal that affordability may be a challenge unless your budget aligns with these figures. Real estate investors and agents will find potential in the slight surplus of housing units (12,144 total vs. 11,379 households), which could mean opportunities for rentals or flips in a high-demand market. Small-business owners can leverage the area’s affluent population and diverse demographics to target a wide range of customers, especially with a median household income of $141,179 indicating strong purchasing power. Analysts can use these metrics as a benchmark to compare with other Chicago ZIP codes or track trends over time, gaining deeper insights into urban growth patterns.

Run This Study Yourself

• Curious about other areas or want updated data for ZIP 60642? Start by visiting ZipcodeGPT to access powerful demographic tools.
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