ZIP 61822 - 860Z200US61822 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 61822 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of diversity, economic stability, and housing opportunities. With data from 2023, this snapshot provides a clear picture of the population, income levels, housing costs, and cultural composition. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about ZIP 61822.

Population & Households

ZIP 61822 is home to a population of 28,246 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 11,394 households, reflecting a mix of family structures and living arrangements. The total number of housing units stands at 11,923, indicating a slight surplus of available homes relative to occupied households. This balance suggests potential opportunities for newcomers or investors looking to enter the market in this area.

Income & Housing Costs

Economic stability is a key draw for ZIP 61822, with a median household income of $97,044. This figure points to a relatively affluent community, where residents likely have disposable income for local goods, services, and housing. On the housing front, the median home value is $264,600, positioning this area as a mid-to-upper range market for buyers and investors. For renters, the median monthly rent is $1,265, which aligns with the income levels and suggests a sustainable rental market for property owners. These metrics highlight ZIP 61822 as a financially sound location for various stakeholders.

Race & Ethnicity

The cultural fabric of ZIP 61822 is notably diverse, offering a rich community experience. The racial composition includes 57.31% White, 13.65% Black, 17.05% Asian, and 5.52% Hispanic residents. This diversity fosters a multicultural environment, which can be a significant asset for businesses catering to varied customer bases or for families seeking an inclusive place to call home. Understanding this breakdown can help stakeholders anticipate community needs, from educational resources to culturally relevant services.

Key Facts

• Total population: 28,246 residents in ZIP 61822.
• Total households: 11,394, with a mix of family and individual setups.
• Total housing units: 11,923, offering a small buffer of available properties.
• Median household income: $97,044, indicating strong local earning power.
• Median home value: $264,600, reflecting a competitive real estate market.
• Median rent: $1,265 per month, suitable for the income demographic.
• Diverse population: 57.31% White, 17.05% Asian, 13.65% Black, 5.52% Hispanic.

What This Means for You

For homebuyers, ZIP 61822 presents a stable and diverse community with a median home value of $264,600, ideal for those seeking a long-term investment in a mid-range market. The slight surplus of housing units (11,923 vs. 11,394 households) could mean less competition for available properties, giving you room to negotiate. Investors and real estate agents will find the median income of $97,044 and rental rates of $1,265 attractive, as they suggest a market with reliable tenant demand and potential for solid returns. Small-business owners can leverage the area’s diversity and income levels to tailor offerings—think multicultural products or premium services that match local purchasing power. Analysts can use these metrics to benchmark ZIP 61822 against neighboring areas, identifying trends in housing or demographic shifts. Across the board, this ZIP code offers a balanced mix of opportunity and stability.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 61822? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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