ZIP 60644 - 860Z200US60644 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 60644 in Chicago for your next home, investment, or business venture, understanding the area’s demographic and housing landscape is essential. Located on the city’s West Side, this ZIP code offers a unique blend of challenges and opportunities. With data from 2023, this snapshot provides a clear picture of population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers and uncover what makes 60644 distinct.

Population & Households

ZIP 60644 is home to a population of 48,317 residents, making it a densely populated urban area with a vibrant community. These residents are distributed across 18,748 households, reflecting a mix of family structures and living arrangements. The total number of housing units stands at 20,619, indicating a slight surplus of available properties compared to occupied households. This gap could signal opportunities for investors or buyers looking to enter the market, though understanding vacancy reasons—whether due to condition, pricing, or other factors—is critical.

Income & Housing Costs

The median household income in ZIP 60644 is $37,952, which is notably lower than many other areas in the Chicago metro region. This figure suggests that affordability is a key concern for residents and a defining factor for businesses targeting local consumers. On the housing front, the median home value is $238,300, which may appeal to buyers seeking relatively lower entry points into the Chicago real estate market. For renters, the median monthly rent is $1,096, aligning with the income levels but potentially straining budgets for some households. These metrics highlight the importance of cost-conscious planning for anyone engaging with this market.

Race & Ethnicity

The demographic makeup of ZIP 60644 is predominantly African American, with 81.88% of the population identifying as Black. Hispanic or Latino residents account for 11.07%, while White residents make up 4.26%, and Asian residents comprise just 0.89%. This composition reflects a community with deep cultural roots and a strong sense of identity, which can influence everything from local business offerings to community engagement. For businesses and investors, understanding these dynamics is key to tailoring services or developments that resonate with the majority demographic.

Key Facts

• Total population: 48,317 residents, indicating a sizable urban community.
• Total households: 18,748, showing a mix of family and individual living arrangements.
• Total housing units: 20,619, suggesting potential availability for new occupants or investors.
• Median household income: $37,952, reflecting affordability challenges for many residents.
• Median home value: $238,300, a relatively accessible price point in the Chicago area.
• Median rent: $1,096 per month, a significant expense relative to local income levels.
• Racial composition: 81.88% Black, 11.07% Hispanic, 4.26% White, 0.89% Asian.

What This Means for You

For homebuyers, ZIP 60644 offers a chance to purchase at a median value of $238,300, which could be a strategic entry into the Chicago market, especially if you’re budget-conscious or looking for fixer-uppers. However, consider the lower median income and ensure the area’s economic profile aligns with your long-term goals. For investors and real estate agents, the surplus of housing units (20,619 total versus 18,748 households) might point to rental or flip opportunities, though thorough due diligence on property conditions and local demand is essential. For small-business owners, the demographic data—particularly the predominant African American population and modest income levels—suggests a need for affordable, community-focused products or services that cater to local tastes and needs. Finally, analysts can use these metrics to benchmark 60644 against neighboring ZIP codes or assess trends in urban affordability and diversity.

Run This Study Yourself

• Curious about ZIP 60644 or another area? Dive deeper into demographic and housing data with ease.
• Visit ZipcodeGPT to access powerful tools that break down ZIP code insights in seconds.
• Input any ZIP code to uncover tailored stats and trends to guide your next big decision.