ZIP 62223 - 860Z200US62223 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 62223 for your next home, investment property, or business location, understanding the area’s demographics and housing landscape is essential. Located in Illinois, this ZIP code offers a mix of suburban appeal and economic opportunity. With data from 2023, this snapshot provides a clear view of population trends, household dynamics, income levels, housing costs, and racial composition. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can guide your decision-making with confidence.

Population & Households

ZIP 62223 is home to a population of 16,269 residents as of 2023. This community supports 7,174 households, reflecting a stable residential base. The total number of housing units in the area stands at 7,804, indicating a slight surplus of available properties compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to move into the area, as well as for investors eyeing vacant units for renovation or rental income.

Income & Housing Costs

The median household income in ZIP 62223 is $69,620, positioning the area as a middle-income community with reasonable earning power. For homebuyers, this income level supports affordability when paired with the median house value of $149,600—a price point that may appeal to first-time buyers or those seeking value in a competitive market. Renters, on the other hand, face a median rent of $1,026 per month, which aligns with the income levels and offers a viable option for those not ready to purchase. These figures provide a solid foundation for understanding the economic environment of 62223, whether you’re planning to settle down or invest.

Race & Ethnicity

The demographic makeup of ZIP 62223 reflects a diverse yet predominantly white community. As of 2023, the racial composition is 61.87% white, 26.54% Black, 0.53% Asian, and 4.49% Hispanic. This diversity can enrich the cultural fabric of the area, offering a blend of perspectives and experiences. For businesses, this mix suggests a varied customer base, while for residents, it points to a community with opportunities for cross-cultural engagement. Understanding these demographics can help tailor decisions, from marketing strategies to community involvement.

Key Facts

• Total population in ZIP 62223: 16,269 residents.
• Total households: 7,174, supporting a stable community base.
• Total housing units: 7,804, with some availability for new occupants.
• Median household income: $69,620, indicative of a middle-income area.
• Median house value: $149,600, appealing for budget-conscious buyers.
• Median rent: $1,026, a reasonable cost for renters in the area.
• Racial diversity: Predominantly white (61.87%), with significant Black (26.54%) and smaller Hispanic (4.49%) and Asian (0.53%) populations.

What This Means for You

For homebuyers, ZIP 62223 offers an affordable entry into homeownership with a median house value of $149,600, well within reach for many middle-income families earning around the area’s median of $69,620. The slight surplus of housing units (7,804 total vs. 7,174 households) could mean less competition for available homes. Investors and real estate agents might find value in the potential for rental properties, given the median rent of $1,026 and the availability of unoccupied units. This could be a strategic area for flipping homes or building a rental portfolio. Small-business owners can leverage the diverse population of 16,269, tailoring products or services to a varied demographic while benefiting from the community’s solid income base. Analysts can use these metrics to benchmark 62223 against neighboring ZIP codes, identifying trends in housing demand or economic growth. Across all groups, this data equips you to make informed, strategic choices.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 62223? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to compare areas, spot opportunities, and make data-driven decisions for your home, investment, or business plans.