ZIP 60649 - 860Z200US60649 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 60649 in Chicago for your next home, investment property, or business location, understanding the area’s demographic and housing landscape is essential. Located in the South Shore neighborhood, this ZIP code offers a unique blend of urban density and community character. With data from 2023, this snapshot provides a clear view of population trends, income levels, housing costs, and racial composition to help homebuyers, investors, agents, small-business owners, and analysts make informed decisions.

Population & Households

ZIP 60649 is home to a population of 48,720 residents, making it a moderately sized urban community. These individuals are distributed across 24,326 households, reflecting a dense living environment typical of Chicago’s South Side. The total number of housing units in the area stands at 28,249, indicating a mix of occupied and vacant properties. This balance suggests potential opportunities for buyers or investors looking to enter the market, as well as considerations for businesses evaluating local demand.

Income & Housing Costs

The median household income in ZIP 60649 is $40,142, which is below the national average but reflective of many urban neighborhoods with diverse economic backgrounds. For homebuyers and investors, this income level provides context for affordability and potential rental demand. The median house value in the area is $199,500, offering a relatively accessible entry point for homeownership compared to other parts of Chicago. Meanwhile, the median rent is $1,066 per month, which aligns with the income levels and suggests a significant rental market for landlords or property managers to consider.

These figures highlight a community where housing costs are moderate, potentially appealing to first-time buyers or investors seeking value. However, businesses should note that disposable income may be limited for a portion of the population, influencing the types of goods and services in demand.

Race & Ethnicity

The demographic makeup of ZIP 60649 is predominantly African American, with 91.56% of residents identifying as Black. White residents account for 3.18% of the population, while Hispanic or Latino individuals make up 2.65%, and Asian residents represent just 0.55%. This composition reflects a strong cultural identity in the area, which can be a significant draw for businesses or investors looking to cater to specific community needs or preferences. Understanding this diversity is also key for real estate agents advising clients on neighborhood fit and for small businesses planning targeted marketing strategies.

Key Facts

• Total population: 48,720 residents in ZIP 60649 as of 2023.
• Total households: 24,326, indicating a dense urban community.
• Total housing units: 28,249, with a mix of occupied and vacant properties.
• Median household income: $40,142, reflecting moderate earning levels.
• Median house value: $199,500, an accessible price point for many buyers.
• Median rent: $1,066 per month, suggesting a strong rental market.
• Racial composition: 91.56% Black, 3.18% White, 2.65% Hispanic, 0.55% Asian.

What This Means for You

For homebuyers, ZIP 60649 offers a chance to purchase at a median value of $199,500, which could be a smart entry into the Chicago market, especially for first-time buyers or those seeking affordability. The rental market, with a median rent of $1,066, also suggests that owning property here could provide steady income if you’re considering renting out space.

For investors and real estate agents, the presence of 28,249 housing units, not all of which are occupied, points to potential for flipping properties or filling vacancies. The demographic profile, with a predominantly African American population, also offers a chance to tailor marketing and property offerings to community preferences.

For small-business owners, the population of 48,720 and household income of $40,142 suggest a market where value-driven products and services could thrive. Understanding the cultural makeup can help you build trust and loyalty with local customers by aligning your offerings with community needs.

For analysts, these metrics provide a foundation for deeper studies into economic trends, housing turnover, or social dynamics in ZIP 60649, helping to inform broader regional strategies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 60649? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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