ZIP 61107 - 860Z200US61107 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP code 61107, understanding the area’s demographic and housing landscape is essential. Located in a dynamic region, this ZIP code offers a mix of residential stability and economic potential. With data from 2023, this snapshot provides a clear picture of the population, income levels, housing costs, and racial composition. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can guide your next steps in ZIP 61107.

Population & Households

ZIP 61107 is home to a population of 29,473 residents as of 2023. This sizable community is distributed across 12,717 households, reflecting a strong residential base. The total number of housing units in the area stands at 13,711, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

The median household income in ZIP 61107 is $75,492, pointing to a relatively stable economic environment. This income level supports a comfortable lifestyle for many families and individuals while offering businesses a customer base with disposable income. On the housing front, the median house value is $165,200, which positions the area as an accessible market for first-time homebuyers or those seeking affordable investment properties. For renters, the median rent is $1,053 per month, reflecting a reasonable cost of living compared to many urban centers. These figures highlight ZIP 61107 as a balanced market for both owning and renting.

Race & Ethnicity

The demographic makeup of ZIP 61107 showcases a diverse community. The racial composition includes 67.76% White, 8.72% Black, 4.49% Asian, and 14.84% Hispanic residents. This diversity can be a significant draw for businesses aiming to serve a varied customer base or for families seeking an inclusive environment. Understanding this mix also helps real estate professionals and investors tailor their strategies to meet the cultural and social needs of the community.

Key Facts

• Total population in ZIP 61107: 29,473 residents.
• Total households: 12,717, with 13,711 total housing units available.
• Median household income: $75,492, indicating economic stability.
• Median house value: $165,200, offering affordability for buyers.
• Median rent: $1,053 per month, reasonable for renters.
• Racial diversity: 67.76% White, 14.84% Hispanic, 8.72% Black, 4.49% Asian.

What This Means for You

For homebuyers, ZIP 61107 presents an attractive opportunity with a median house value of $165,200, well within reach for many budgets. The slight surplus of housing units (13,711 total versus 12,717 households) suggests you may have room to negotiate or find a property that fits your needs. Renters can also benefit from a median rent of $1,053, which aligns with the area’s income levels.

For investors and real estate agents, the data points to a stable market with potential for growth. The combination of affordable home values and a diverse population offers a solid foundation for rental properties or fix-and-flip projects. The income level of $75,492 indicates residents can support consistent rental payments or property appreciation over time.

For small-business owners, ZIP 61107’s population of nearly 30,000 and diverse demographic profile provide a promising customer base. The median income suggests residents have spending power for local goods and services, while the cultural mix allows for targeted offerings that cater to varied preferences.

For analysts, these metrics offer a comprehensive starting point for deeper research into housing trends, economic conditions, or community needs in ZIP 61107. The balance of population, income, and housing costs paints a picture of a sustainable and evolving area.

Run This Study Yourself

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