ZIP 61604 - 860Z200US61604 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 61604, understanding the local demographic and housing landscape is essential. Located in the heart of Illinois, this ZIP code offers a mix of affordability and diversity that can appeal to homebuyers, real estate investors, small-business owners, and analysts alike. Drawing from the latest 2023 data, this snapshot provides a clear picture of population trends, income levels, housing costs, and cultural composition in 61604. Let’s dive into the numbers to help you make informed decisions.

Population & Households

ZIP 61604 is home to a population of 27,502 residents, making it a moderately sized community with a strong local presence. These individuals are distributed across 11,964 households, reflecting a blend of family units, singles, and shared living arrangements. With 13,341 total housing units in the area, there’s a noticeable gap between occupied and available properties, which could signal opportunities for buyers or investors looking to enter the market. The average household size and density suggest a community that balances suburban comfort with accessible amenities.

Income & Housing Costs

The median household income in ZIP 61604 stands at $50,628, positioning it as a working-class area with stable earning potential. For homebuyers, the median house value of $100,000 offers an affordable entry point 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 $904 per month, which aligns with the income levels and provides a reasonable cost of living for those not ready to purchase. These figures highlight 61604 as a budget-friendly location with room for growth.

Race & Ethnicity

Diversity is a defining characteristic of ZIP 61604, with a racial and ethnic composition that reflects a vibrant community. White residents make up 55.11% of the population, followed by Black residents at 28.62%. Hispanic individuals account for 6.56%, while Asian residents represent 1.64%. This mix fosters a culturally rich environment, which can be a draw for families seeking inclusive neighborhoods or businesses aiming to serve a varied customer base. Understanding this breakdown helps stakeholders anticipate community needs and tailor their strategies accordingly.

Key Facts

• Total population: 27,502 residents in ZIP 61604 as of 2023.
• Total households: 11,964, supporting a range of living arrangements.
• Total housing units: 13,341, indicating potential availability for new occupants.
• Median household income: $50,628, reflecting a working-class economic base.
• Median house value: $100,000, an affordable option for buyers and investors.
• Median rent: $904, offering reasonable costs for renters.
• Racial diversity: 55.11% White, 28.62% Black, 6.56% Hispanic, 1.64% Asian.

What This Means for You

For homebuyers, ZIP 61604 presents a compelling case with its median home value of $100,000 and a cost of living that aligns with median incomes. This affordability can help you secure a property without overextending your budget, especially if you’re entering the market for the first time. Investors and real estate agents will note the surplus of housing units (13,341 total versus 11,964 occupied), which could indicate opportunities for rental properties or fixer-uppers in a market with steady demand. Small-business owners can leverage the area’s diversity and population size of 27,502 to target a broad customer base, particularly in sectors like retail or services that cater to varied cultural preferences. Analysts can use these metrics to benchmark 61604 against neighboring ZIP codes, identifying trends in affordability and demographic shifts that influence long-term growth.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 61604? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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