ZIP 60653 - 860Z200US60653 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 60653 for your next home, investment, or business venture, understanding the area’s demographic and housing landscape is essential. Located in Chicago, this ZIP code offers a unique blend of urban living with distinct characteristics that appeal to a variety of stakeholders. This snapshot, based on 2023 data, provides a clear picture of population trends, income levels, housing costs, and racial composition 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 ZIP 60653.

Population & Households

ZIP 60653 is home to a population of 34,608 residents as of 2023. This sizable community is distributed across 16,833 households, reflecting a dense urban environment with a strong residential presence. The total number of housing units in the area stands at 18,279, indicating a slight surplus of available units compared to occupied households. This could suggest opportunities for prospective buyers or renters looking to move into the area, as well as potential for investors eyeing vacant properties.

Income & Housing Costs

The median household income in ZIP 60653 is $39,565, which provides a baseline for understanding the economic profile of the area. This income level may influence affordability for potential homebuyers and the type of customer base small businesses can expect. On the housing front, the median house value is $347,800, reflecting a significant investment for those looking to purchase property in this part of Chicago. For renters, the median rent is $856 per month, offering a more accessible entry point into the local housing market. These figures highlight a contrast between owning and renting costs, which stakeholders can use to assess financial feasibility.

Race & Ethnicity

The demographic makeup of ZIP 60653 is predominantly Black, with 81.1% of the population identifying as such. White residents account for 7.69%, while Hispanic individuals make up 5.57% of the population. Asian residents represent a smaller share at 1.31%. This racial and ethnic composition shapes the cultural fabric of the community, influencing everything from local businesses to community initiatives. For business owners and investors, understanding this diversity can help tailor offerings or marketing strategies to resonate with the majority demographic while remaining inclusive of smaller groups.

Key Facts

• Total population: 34,608 residents in 2023, indicating a robust urban community.
• Total households: 16,833, showing a strong residential base in ZIP 60653.
• Total housing units: 18,279, suggesting potential availability for new occupants or investors.
• Median household income: $39,565, reflecting the economic capacity of local residents.
• Median house value: $347,800, a notable figure for prospective homebuyers and investors.
• Median rent: $856 per month, offering a more affordable housing option compared to buying.
• Racial composition: Predominantly Black (81.1%), with smaller White (7.69%), Hispanic (5.57%), and Asian (1.31%) populations.

What This Means for You

For homebuyers, ZIP 60653 presents a market where renting might be a more immediate, budget-friendly option with a median rent of $856, while buying a home at a median value of $347,800 requires a larger financial commitment. The slight surplus of housing units could mean less competition for available properties. Real estate investors and agents can leverage the gap between total housing units and households to identify potential rental or flip opportunities, especially given the area’s urban density and population size. Small-business owners should note the median household income of $39,565 and the predominantly Black demographic (81.1%) to tailor products, services, and marketing to the community’s needs and cultural context. Analysts can use this data as a foundation for deeper studies on economic trends or housing demand in ZIP 60653, providing valuable insights for clients or stakeholders.

Run This Study Yourself

Want to dive deeper into ZIP 60653 or analyze another area? Follow these simple steps to get customized demographic and housing insights:

• Visit ZipcodeGPT to access a powerful tool for ZIP code analysis.
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• Use the data to inform your decisions as a homebuyer, investor, or business owner with confidence.