ZIP 60827 - 860Z200US60827 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 60827, located in the Chicago metropolitan area, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down population trends, household dynamics, income levels, housing costs, and racial composition. Whether you’re a homebuyer, real estate investor, agent, small-business owner, or analyst, these insights will help you make informed decisions about this area.

Population & Households

ZIP 60827 is home to a population of 24,887 residents as of 2023. This community supports 9,372 households, indicating a mix of family and individual living arrangements. The total number of housing units stands at 11,481, suggesting some vacancy or availability for potential buyers or renters. This balance of population and housing units provides a foundation for understanding the density and living conditions in the area, which is crucial for anyone planning to settle or invest here.

Income & Housing Costs

The median household income in ZIP 60827 is $37,648, reflecting the economic profile of the area. For homebuyers and investors, the median house value of $123,800 presents an accessible entry point compared to higher-priced markets in the broader Chicago region. Renters, on the other hand, face a median rent of $1,044 per month, which aligns with the income levels and offers a sense of affordability for those not ready to buy. These figures are essential for gauging financial feasibility, whether you’re budgeting for a home purchase or assessing rental property returns.

Race & Ethnicity

The racial and ethnic composition of ZIP 60827 is predominantly Black, with 88.47% of the population identifying as such. White residents make up 1.93%, while Hispanic individuals account for 4.93%, and Asian residents represent just 0.05%. This demographic makeup highlights a largely homogeneous community with a strong cultural identity, which can influence local businesses, community services, and social dynamics. Understanding this composition is valuable for tailoring business offerings or assessing community fit for potential residents.

Key Facts

• Total population: 24,887 residents in 2023, offering a mid-sized community feel.
• Total households: 9,372, indicating a stable base of family and individual units.
• Total housing units: 11,481, with potential availability for new residents or investors.
• Median household income: $37,648, reflecting the area’s economic context.
• Median house value: $123,800, an affordable option in the regional market.
• Median rent: $1,044, providing a reasonable cost for renters.
• Racial composition: Predominantly Black (88.47%), with small Hispanic (4.93%) and White (1.93%) populations.

What This Means for You

For homebuyers, ZIP 60827 offers an affordable housing market with a median home value of $123,800, making it a viable option for first-time buyers or those seeking lower-cost properties near Chicago. The median rent of $1,044 also suggests that renting could be a practical stepping stone if you’re not ready to purchase.

For investors and agents, the gap between total housing units (11,481) and households (9,372) hints at potential vacancies or opportunities for rental properties. The lower median home value could yield attractive returns if demand grows, though aligning investment with community needs will be key given the income levels.

For small-business owners, the demographic profile—especially the predominant Black population—offers a chance to cater to specific cultural or community preferences. With a median household income of $37,648, businesses providing essential goods or budget-friendly services may find a receptive market.

For analysts, these metrics provide a baseline for tracking economic and demographic trends in ZIP 60827, especially when compared to neighboring areas or historical data. The data points to a stable, working-class community with unique investment potential.

Run This Study Yourself

• Curious about other ZIP codes or deeper insights into ZIP 60827? Start by visiting ZipcodeGPT to access powerful demographic tools.
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• Use the analysis to inform your next move, investment, or business strategy with confidence.