ZIP 61704 - 860Z200US61704 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 61704 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear, data-driven look at the area. Located in a dynamic region, ZIP 61704 is home to a sizable population and a robust housing market. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, understanding the key metrics of this area—population size, income levels, housing costs, and diversity—can help you make informed decisions. Let’s dive into the 2023 data for ZIP 61704 to uncover what makes this area unique and how it might fit your needs.

Population & Households

ZIP 61704 has a total population of 36,938 residents as of 2023, making it a moderately sized community with a mix of families, professionals, and individuals. This population is distributed across 15,573 households, indicating a strong residential base. With 16,529 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could suggest availability for new residents or investors looking to enter the market. This balance between population and housing units provides a stable foundation for both living and business opportunities in ZIP 61704.

Income & Housing Costs

One of the standout metrics for ZIP 61704 is its median household income of $93,107, which reflects a relatively affluent community with solid earning potential. This income level supports a healthy local economy, making it an attractive spot for businesses targeting middle- to upper-income consumers. On the housing front, the median home value in ZIP 61704 stands at $242,000, offering a range of options for buyers seeking value in a competitive market. For renters, the median rent is $1,094 per month, which is reasonable given the income levels and suggests affordability for a variety of household budgets. These figures highlight ZIP 61704 as a financially stable area with housing options for diverse needs.

Race & Ethnicity

The demographic makeup of ZIP 61704 showcases a diverse community with a blend of cultural backgrounds. The racial composition includes 71.22% White, 6.7% Black, 13.0% Asian, and 5.44% Hispanic residents. This diversity enriches the social fabric of the area, fostering a multicultural environment that can appeal to a wide range of residents and businesses. For small-business owners, this mix offers opportunities to cater to varied customer preferences, while homebuyers may appreciate the inclusive community vibe. Understanding this breakdown can help stakeholders align their strategies with the unique character of ZIP 61704.

Key Facts

• Total population in ZIP 61704: 36,938 residents as of 2023.
• Total households: 15,573, supporting a strong residential community.
• Total housing units: 16,529, indicating potential availability for new occupants.
• Median household income: $93,107, reflecting economic stability.
• Median home value: $242,000, offering value in a competitive market.
• Median rent: $1,094, providing affordable rental options.
• Racial diversity: 71.22% White, 13.0% Asian, 6.7% Black, 5.44% Hispanic.

What This Means for You

For homebuyers, ZIP 61704 offers a promising mix of affordability and value with a median home price of $242,000 and a median income that supports comfortable living. The slight surplus of housing units could mean less competition when searching for your ideal property. Real estate investors and agents will find opportunity in this stable market, where income levels suggest strong purchasing power and rental demand remains consistent with a median rent of $1,094. Small-business owners can leverage the area’s diversity and income demographics to target a wide customer base, particularly in sectors like retail, dining, or services that cater to a multicultural and financially secure population. Analysts can use these metrics to benchmark ZIP 61704 against other regions, identifying trends in housing and economic growth. Whatever your goal, this data equips you to act with confidence in this vibrant community.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 61704? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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