ZIP 60646 - 860Z200US60646 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 60646, 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 provide a foundation for understanding the dynamics of ZIP 60646.

Population & Households

ZIP 60646 is home to a population of 28,499 residents, making it a moderately sized community within the broader Chicago metropolitan area. These individuals are distributed across 11,080 households, reflecting a mix of family and individual living arrangements. With 11,636 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate some availability for new residents or investors looking to enter the market.

Income & Housing Costs

The median household income in ZIP 60646 stands at $111,115, a figure that suggests a relatively affluent community compared to national averages. This income level supports a robust housing market, with the median house value reaching $493,600. For those considering renting, the median rent is $1,241 per month, offering a more accessible entry point into the area compared to purchasing a home. These numbers highlight ZIP 60646 as a desirable location for families and professionals seeking stability and value in their housing choices.

Race & Ethnicity

The demographic makeup of ZIP 60646 reflects a diverse yet predominantly white community. Approximately 72.31% of residents identify as white, while 12.57% are Asian, 11.5% are Hispanic, and 0.61% are Black. This composition points to a multicultural environment with a strong representation of various ethnic backgrounds, which can enrich community life and offer unique opportunities for businesses catering to diverse needs.

Key Facts

• Total population: 28,499 residents in ZIP 60646 as of 2023.
• Total households: 11,080, indicating a mix of family and solo living.
• Total housing units: 11,636, suggesting some availability for new occupants.
• Median household income: $111,115, reflecting a strong economic base.
• Median house value: $493,600, positioning this as a high-value market.
• Median rent: $1,241, offering a more affordable option than buying.
• Racial composition: 72.31% white, 12.57% Asian, 11.5% Hispanic, 0.61% Black.

What This Means for You

For homebuyers, ZIP 60646 presents a stable, affluent community with a median home value of nearly half a million dollars. The income levels suggest neighbors with financial security, which often correlates with well-maintained properties and strong local schools. However, the high home prices mean you’ll need a solid budget or financing plan to enter this market.

For investors and real estate agents, the slight surplus of housing units (11,636 vs. 11,080 households) could signal opportunities for rentals or flips, especially with a median rent of $1,241 that appeals to a wide range of tenants. The high median income also indicates potential for premium property listings.

For small-business owners, the diverse population and strong income levels in ZIP 60646 create a promising customer base. Whether you’re opening a retail shop, restaurant, or service-based business, the multicultural makeup offers a chance to cater to varied tastes and needs, while the income data suggests disposable income for non-essential spending.

For analysts, these metrics provide a snapshot of a financially secure, diverse community with a competitive housing market. The data can inform broader studies on urban trends, housing affordability, or demographic shifts in the Chicago area.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 60646? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs.
• Use the insights to guide your homebuying, investment, or business decisions with confidence and precision.