ZIP 61401 - 860Z200US61401 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 61401, located in Galesburg, Illinois, this demographic and housing snapshot offers a clear picture of the area’s population, income, and real estate landscape. Based on 2023 data, this analysis provides actionable insights for homebuyers, real estate investors, small-business owners, and analysts. From household income to housing costs and racial diversity, we’ve compiled the key metrics to help you make informed decisions about this community of over 30,000 residents.

Population & Households

ZIP 61401 is home to a population of 30,684 individuals, making it a moderately sized community with a mix of urban and suburban characteristics. This area supports 13,513 households, reflecting a diverse range of family structures and living arrangements. With 15,449 total housing units, there’s a notable inventory of homes, though not all are occupied, suggesting potential opportunities for buyers or investors looking to enter the market. The balance of population and housing units indicates a stable residential base, ideal for those seeking a settled yet dynamic environment.

Income & Housing Costs

The median household income in ZIP 61401 stands at $47,728, which reflects a working-class community with moderate earning power. For homebuyers, this income level suggests affordability is a key consideration, while businesses might see opportunities to cater to budget-conscious consumers. On the housing front, the median home value is $94,900, positioning this area as an accessible entry point for first-time buyers or investors seeking lower-cost properties. For renters, the median rent of $724 per month offers a cost-effective alternative to homeownership, making this ZIP code attractive to a wide range of residents. These figures highlight a market where affordability meets opportunity, especially compared to higher-cost regions.

Race & Ethnicity

The demographic makeup of ZIP 61401 showcases a predominantly white population at 76.8%, with smaller but significant representation from other groups. Black residents account for 8.38% of the population, while Hispanic individuals make up 7.95%, and Asian residents comprise 1.37%. This diversity, though not as pronounced as in larger urban centers, adds a layer of cultural richness to the community. For businesses, this mix suggests a need for inclusive marketing and services that appeal to varied backgrounds. For residents and investors, it points to a community that, while largely homogeneous, is gradually diversifying.

Key Facts

• Total population: 30,684 residents, offering a mid-sized community feel.
• Total households: 13,513, indicating a solid residential base.
• Total housing units: 15,449, with some vacancy for potential buyers or investors.
• Median household income: $47,728, reflecting moderate earning capacity.
• Median home value: $94,900, an affordable entry point for homeownership.
• Median rent: $724, a budget-friendly option for renters.
• Racial composition: 76.8% white, 8.38% black, 7.95% Hispanic, 1.37% Asian.

What This Means for You

For homebuyers, ZIP 61401 offers an affordable housing market with a median home value of $94,900, well below national averages, making it a smart choice for first-time buyers or those looking to downsize. Renters will find the median rent of $724 appealing, providing flexibility without breaking the bank. Real estate investors and agents can capitalize on the surplus of housing units (15,449 total) compared to households (13,513), which may indicate vacant properties or room for growth in rental demand. Small-business owners should note the median income of $47,728, tailoring products and services to a cost-conscious demographic while embracing the area’s growing diversity (7.95% Hispanic, 8.38% black) to broaden their customer base. Analysts can use these metrics to benchmark ZIP 61401 against neighboring areas, identifying trends in affordability and population shifts.

Run This Study Yourself

Want to dive deeper into ZIP 61401 or explore another area’s demographics and housing data? Follow these simple steps to get started:

• Visit ZipcodeGPT to access powerful tools for ZIP code analysis.
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• Use the data to inform your next home purchase, investment decision, or business strategy with confidence.