ZIP 61032 - 860Z200US61032 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 61032, understanding the local demographics and housing landscape is essential. Located in a diverse and dynamic area, this ZIP code offers a mix of affordability and community appeal. With a population of over 29,000 and a median household income of $54,179, ZIP 61032 presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. This snapshot, based on 2023 data, breaks down the key metrics to help you make informed decisions.

Population & Households

ZIP 61032 is home to 29,072 residents, making it a moderately sized community with a strong local presence. These individuals are spread across 13,407 households, reflecting a blend of family units, singles, and retirees. The total number of housing units stands at 14,685, indicating a slight surplus of available homes compared to occupied households. This gap could signal opportunities for buyers or investors looking to enter the market in this area.

Income & Housing Costs

The median household income in ZIP 61032 is $54,179, which provides a solid economic foundation for many residents. When it comes to housing, the median home value is $106,800, positioning this area as relatively affordable compared to national averages. For renters, the median monthly rent is $769, offering a cost-effective alternative to homeownership. These figures suggest that ZIP 61032 could be an attractive option for first-time buyers or those seeking budget-friendly housing without sacrificing community size or amenities.

Race & Ethnicity

The demographic makeup of ZIP 61032 reflects a diverse community with a majority white population at 72.82%. Black residents account for 12.37% of the population, while Hispanic individuals make up 6.23%. Asian residents represent a smaller share at 1.1%. This diversity contributes to a culturally rich environment, which can be a draw for families, businesses, and investors looking for inclusive communities with varied perspectives and needs.

Key Facts

• Total population: 29,072 residents in ZIP 61032.
• Total households: 13,407, with a mix of family and individual units.
• Total housing units: 14,685, suggesting potential availability for new occupants.
• Median household income: $54,179, supporting a stable local economy.
• Median home value: $106,800, indicating affordability for buyers.
• Median rent: $769 per month, a competitive rate for renters.
• Racial composition: 72.82% white, 12.37% black, 6.23% Hispanic, 1.1% Asian.

What This Means for You

For homebuyers, ZIP 61032 offers an affordable entry point into homeownership with a median home value of $106,800. The slight surplus of housing units (14,685 total versus 13,407 households) may give you negotiating power in a less competitive market. If you’re renting, the median rent of $769 is manageable for many budgets, especially with a median household income of $54,179.

For investors and real estate agents, the data points to potential in both rental and purchase markets. The gap between housing units and households could mean opportunities for flipping properties or securing rental income. The diverse population also suggests a broad tenant or buyer base with varying needs and preferences.

For small-business owners, a population of 29,072 provides a sizable customer pool, while the diversity (including significant white, black, and Hispanic communities) allows for targeted products or services. The median income level supports moderate consumer spending, ideal for businesses offering essential or value-driven goods.

For analysts, these metrics offer a clear picture of ZIP 61032’s economic and social fabric. The balance of affordability, diversity, and population size makes this area worth monitoring for trends in housing demand or economic growth.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 61032? 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 guide your next home purchase, investment decision, or business strategy with confidence.