ZIP 60804 - 860Z200US60804 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 60804 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a unique blend of population diversity and economic opportunity. With data from 2023, this snapshot provides a clear picture of the community, covering population size, household income, housing costs, and racial composition. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about ZIP 60804.

Population & Households

ZIP 60804 is home to a substantial population of 83,223 residents, making it a bustling and vibrant community. This area supports 25,031 households, reflecting a strong residential base. With 26,738 total housing units, 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. The size of this population suggests a robust local economy with potential for businesses catering to a diverse customer base.

Income & Housing Costs

The median household income in ZIP 60804 stands at $68,548, indicating a moderate earning capacity for many families and individuals in the area. This income level can support a comfortable lifestyle while also providing a benchmark for investors assessing affordability for potential tenants or buyers. On the housing front, the median home value is $236,000, which positions this area as relatively accessible compared to higher-priced markets nearby. For renters, the median rent is $1,121 per month, offering a more affordable alternative to homeownership for those not ready to buy. These figures provide a balanced view of the cost of living and investment potential in ZIP 60804.

Race & Ethnicity

The demographic makeup of ZIP 60804 is notably diverse, with a strong cultural identity. The population is predominantly Hispanic, accounting for 88.85% of residents. White residents make up 7.37%, while Black residents represent 3.13%, and Asian residents comprise a smaller share at 0.35%. This diversity shapes the community’s character, influencing local businesses, cultural events, and social dynamics. For business owners and investors, this composition highlights opportunities to cater to a predominantly Hispanic market with tailored products, services, or marketing strategies.

Key Facts

• Total population: 83,223 residents, indicating a sizable and active community.
• Total households: 25,031, supporting a strong residential foundation.
• Total housing units: 26,738, suggesting potential availability for new occupants.
• Median household income: $68,548, reflecting moderate earning power.
• Median home value: $236,000, offering a relatively accessible entry point for buyers.
• Median rent: $1,121, providing an affordable option for renters.
• Hispanic population: 88.85%, shaping the cultural and economic landscape.

What This Means for You

For homebuyers, ZIP 60804 presents an opportunity to purchase at a median value of $236,000, which could be appealing if you’re seeking affordability in a populated area with cultural richness. The slight surplus of housing units may also mean less competition in certain segments of the market. Real estate investors and agents should note the rental market’s potential, with a median rent of $1,121 attracting a steady stream of tenants, especially given the area’s large population. The income level of $68,548 suggests that many residents can afford reasonable rents or mortgage payments, reducing vacancy risks.

For small-business owners, the demographic profile—particularly the 88.85% Hispanic population—offers a clear target audience. Consider businesses that resonate with this community, such as culturally relevant food, retail, or services. Analysts can use this data to assess market trends, housing demand, and economic stability in ZIP 60804, providing valuable insights for broader regional studies. Overall, this area combines affordability, diversity, and scale, making it a compelling choice for various stakeholders.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 60804? 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 make data-driven decisions for your home purchase, investment, or business strategy with confidence.