ZIP 60647 - 860Z200US60647 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 60647 for your next home, investment, or business venture, you’re looking at a vibrant and dynamic area in Chicago’s northwest side. Known for neighborhoods like Logan Square, this ZIP code offers a mix of urban energy and cultural diversity. With detailed 2023 data, this snapshot provides a clear picture of population trends, housing metrics, and income levels to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in 60647.

Population & Households

ZIP 60647 is home to a substantial population of 85,589 residents as of 2023. This sizable community reflects a bustling urban environment with a strong residential base. The area comprises 38,440 households, indicating a dense network of families, professionals, and individuals contributing to the local economy and culture. With 41,975 total housing units, there’s a slight surplus of homes compared to households, which could suggest opportunities for growth or availability for new residents and investors looking into this ZIP code.

Income & Housing Costs

Financially, ZIP 60647 stands out with a median household income of $102,851, signaling a relatively affluent community compared to many other urban areas. This income level supports a robust local economy, making it an attractive spot for businesses catering to mid-to-high-income consumers. On the housing front, the median house value is $557,300, reflecting a competitive real estate market that could appeal to investors seeking long-term appreciation. For renters, the median rent of $1,714 per month indicates a premium rental market, aligning with the area’s desirable location and amenities. These figures highlight 60647 as a place where both owning and renting come with significant costs, but also potential rewards.

Race & Ethnicity

The demographic makeup of ZIP 60647 showcases a diverse community, adding to its cultural richness. As of 2023, the population is composed of 48.87% White, 37.08% Hispanic, 5.72% Black, and 4.61% Asian residents, with the remainder identifying as other or multiracial. This diversity fosters a vibrant social fabric, offering a blend of perspectives and traditions. For businesses, this mix presents opportunities to cater to varied customer bases, while homebuyers may appreciate the inclusive, multicultural environment that defines life in 60647.

Key Facts

• Total population: 85,589 residents, indicating a large and active community.
• Total households: 38,440, reflecting a dense residential base.
• Total housing units: 41,975, suggesting some availability for new occupants.
• Median household income: $102,851, pointing to strong purchasing power.
• Median house value: $557,300, indicative of a high-value real estate market.
• Median rent: $1,714, aligning with a premium rental landscape.
• Racial diversity: Predominantly White (48.87%) and Hispanic (37.08%), with notable Black (5.72%) and Asian (4.61%) populations.

What This Means for You

For homebuyers, ZIP 60647 offers a chance to invest in a high-value market with a median home price of $557,300. While the cost is steep, the area’s strong median income of $102,851 suggests a stable community with potential for property value growth. Investors and real estate agents will find the slight surplus of housing units (41,975 vs. 38,440 households) intriguing, as it may indicate room for flipping properties or developing rentals, especially with median rents at $1,714. Small-business owners can leverage the diverse population of 85,589 and their solid income levels to target a wide range of customers, from niche ethnic markets to upscale services. Analysts can use these metrics to benchmark 60647 against other ZIP codes, identifying trends in urban growth and housing demand. Across all groups, the cultural diversity and economic strength of this area make it a compelling choice for your next move.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 60647? 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 costs, and more, tailored to your needs.
• Use the insights to compare areas, spot opportunities, and make data-driven decisions for your home, investment, or business plans.