ZIP 60901 - 860Z200US60901 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP 60901 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in Kankakee County, Illinois, this area offers a mix of affordability and diversity that appeals to a wide range of stakeholders. With a population of over 33,000 and a median household income of $54,557, ZIP 60901 provides a snapshot of a community balancing growth and accessibility. This article breaks down the key metrics for 2023, offering clear insights for homebuyers, real estate investors, small-business owners, and analysts looking to make informed decisions.

Population & Households

ZIP 60901 is home to 33,224 residents, making it a moderately sized community with a strong local presence. These individuals are distributed across 13,006 households, reflecting a blend of family units, singles, and retirees. With 15,357 total housing units in the area, there’s a noticeable gap between occupied and available homes, which could signal opportunities for buyers or investors looking to enter the market. Understanding the population and household dynamics in ZIP 60901 helps paint a picture of community needs, from schools and services to retail demand.

Income & Housing Costs

The median household income in ZIP 60901 stands at $54,557, positioning it as a working-class area with moderate earning power. For homebuyers, this income level suggests a market where affordability is key. The median house value is $143,200, which is relatively accessible compared to national averages, making this ZIP code an attractive option for first-time buyers or those seeking value-driven investments. Renters, on the other hand, face a median rent of $1,020 per month, which aligns with the income levels but may strain budgets for some. These figures highlight a balanced yet cost-conscious housing market in ZIP 60901, ideal for strategic planning.

Race & Ethnicity

Diversity is a defining feature of ZIP 60901, with a racial and ethnic composition that reflects a vibrant, multicultural community. White residents make up 47.47% of the population, followed by Black residents at 30.32%, and Hispanic or Latino individuals at 18.93%. Asian residents account for a smaller share at 0.59%. This mix fosters a culturally rich environment, which can be a draw for businesses catering to varied tastes or families seeking inclusive neighborhoods. For investors and analysts, this diversity underscores the importance of tailored approaches to marketing and community engagement in ZIP 60901.

Key Facts

• Total population: 33,224 residents, offering a sizable local market.
• Total households: 13,006, indicating a strong base of potential consumers or tenants.
• Total housing units: 15,357, with some vacancy suggesting room for growth.
• Median household income: $54,557, reflecting moderate earning capacity.
• Median house value: $143,200, an affordable entry point for buyers.
• Median rent: $1,020, a reasonable cost for the income bracket.
• Racial diversity: 47.47% White, 30.32% Black, 18.93% Hispanic, 0.59% Asian.

What This Means for You

For homebuyers, ZIP 60901 offers an affordable path to homeownership with a median house value of $143,200, well-suited to those with a median income of $54,557. The diversity of the area also means access to a culturally rich community, ideal for families or individuals seeking a welcoming environment. Real estate investors and agents will find potential in the gap between total housing units (15,357) and occupied households (13,006), which could indicate opportunities for rentals or flips, especially with a median rent of $1,020 attracting steady demand. Small-business owners can leverage the population of 33,224 and diverse demographic makeup to target a broad customer base, particularly in sectors like retail, dining, or services that cater to varied cultural needs. Analysts can use these metrics to assess market trends, from housing affordability to consumer spending power, in ZIP 60901.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 60901? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing insights tailored to your needs.
• Use the detailed reports to make informed decisions, whether you’re buying, investing, or launching a business.