ZIP 60659 - 860Z200US60659 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 60659 for your next home, investment property, or business location, understanding the area’s demographic and housing landscape is essential. Located in Chicago, Illinois, this ZIP code offers a diverse community and a range of housing options. This snapshot, based on 2023 data, breaks down key metrics like 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 60659 unique.

Population & Households

ZIP 60659 is home to a vibrant population of 42,008 residents as of 2023. This sizable community is distributed across 13,612 households, reflecting a mix of family structures and living arrangements. With 14,748 total housing units in the area, there’s a modest vacancy rate, suggesting a relatively tight housing market. For homebuyers and investors, this indicates potential competition for available properties, while businesses can tap into a substantial local customer base.

Income & Housing Costs

The median household income in ZIP 60659 stands at $70,033, positioning it as a middle-income area with reasonable earning power. This income level supports a housing market where the median house value is $358,800—a figure that reflects a solid investment opportunity for those looking to buy in a stable market. For renters, the median rent is $1,391 per month, which aligns with the income levels and suggests affordability for many residents. These metrics are crucial for investors assessing rental yield potential and for homebuyers gauging whether their budget fits this market.

Race & Ethnicity

ZIP 60659 boasts a richly diverse population, a key draw for those seeking an inclusive community or a culturally vibrant business environment. The racial and ethnic composition in 2023 breaks down as follows: 35.34% White, 8.62% Black, 28.89% Asian, and 22.73% Hispanic. This diversity not only enriches the social fabric of the area but also offers unique opportunities for businesses catering to varied cultural preferences and for residents who value a multicultural neighborhood.

Key Facts

• Total population: 42,008 residents, offering a robust community for engagement.
• Total households: 13,612, indicating a strong base of potential customers or neighbors.
• Total housing units: 14,748, with limited vacancies suggesting a competitive market.
• Median household income: $70,033, reflecting a stable economic foundation.
• Median house value: $358,800, a reasonable entry point for Chicago-area real estate.
• Median rent: $1,391, aligning with local income levels for rental affordability.
• Racial diversity: Significant Asian (28.89%) and Hispanic (22.73%) populations alongside White (35.34%) and Black (8.62%) residents.

What This Means for You

For homebuyers, ZIP 60659 offers a balanced market with a median house value of $358,800, which could be a smart long-term investment given the area’s diversity and population size. The competitive housing stock means you’ll need to act quickly on desirable properties. For investors and real estate agents, the median rent of $1,391 and steady household income suggest reliable rental demand, especially in a culturally diverse area that attracts a wide range of tenants. The limited housing units compared to households point to potential for future appreciation or development opportunities.

For small-business owners, the population of over 42,000 and diverse demographic makeup provide a promising customer base. Tailoring products or services to the significant Asian and Hispanic communities could be a strategic advantage. Finally, analysts can use these metrics to benchmark 60659 against other ZIP codes, noting its middle-income status and multicultural appeal as key differentiators in the Chicago market.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 60659? 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 make data-driven decisions for your next home purchase, investment, or business venture.