ZIP 61701 - 860Z200US61701 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 61701 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in a vibrant area, this ZIP code offers a mix of residential and economic potential. With data from 2023, this snapshot provides a clear view of population trends, income levels, housing costs, and cultural diversity. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living or working in 61701.

Population & Households

ZIP code 61701 is home to a population of 35,577 individuals as of 2023. This sizable community is distributed across 16,281 households, reflecting a dynamic and active area. The total number of housing units stands at 18,038, indicating a mix of occupied and available properties. For families and individuals looking to settle here, this suggests a community with room for growth and opportunities to find a place that fits your needs. For investors and business owners, the population size points to a substantial customer base or workforce potential.

Income & Housing Costs

The median household income in ZIP 61701 is $55,882, which offers a glimpse into the economic stability of the area. This income level supports a range of lifestyles and can influence the types of businesses that thrive here. On the housing front, the median home value is $138,600, making this area relatively affordable compared to national averages in many urban markets. For renters, the median rent is $873 per month, providing a cost-effective option for those not ready to buy. These figures are critical for homebuyers assessing affordability and for investors evaluating potential returns on rental properties or home sales.

Race & Ethnicity

The demographic makeup of ZIP 61701 reflects a diverse community. The racial composition includes 69.83% White, 12.81% Black, 2.86% Asian, and 8.74% Hispanic residents. This diversity enriches the cultural fabric of the area, offering a blend of perspectives and traditions. For businesses, this mix can translate into varied customer preferences and opportunities to cater to different cultural needs. For residents and investors, it signals a welcoming environment that values inclusivity, which can be a key factor in choosing a place to live or operate.

Key Facts

• Total population in ZIP 61701: 35,577 residents.
• Total households: 16,281, supporting a community of families and individuals.
• Total housing units: 18,038, with potential for both occupancy and investment.
• Median household income: $55,882, reflecting moderate economic capacity.
• Median home value: $138,600, an accessible entry point for buyers.
• Median rent: $873, offering affordable rental options.
• Diverse population: 69.83% White, 12.81% Black, 2.86% Asian, 8.74% Hispanic.

What This Means for You

For homebuyers, ZIP 61701 presents an affordable housing market with a median home value of $138,600 and reasonable rental costs at $873 per month. This could be an ideal spot for first-time buyers or those seeking value in their investment. Real estate investors and agents will find opportunities in the gap between total housing units (18,038) and occupied households (16,281), suggesting potential for rentals or flips in a growing market. Small-business owners can leverage the population of 35,577 and the area’s diversity to target a broad customer base, tailoring products or services to meet varied needs. Analysts can use these metrics to benchmark 61701 against other regions, identifying trends in affordability and demographic shifts. This data equips you with the foundation to act confidently, whether you’re buying, investing, or building a business.

Run This Study Yourself

• Curious about other ZIP codes or want deeper insights into 61701? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date statistics on population, income, housing, and more, tailored to your specific interests.
• Use the detailed reports to compare areas, spot trends, and make data-driven decisions for your next move or investment.