ZIP Code 60304 — Demographics & Housing Data 2023

Overview

If you’re considering ZIP code 60304 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of the area. Located in a vibrant community, likely near Oak Park, Illinois, this ZIP code represents a blend of suburban charm and economic strength. With data sourced from 2023, we’ll break down population stats, household dynamics, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights aim to guide your next steps.

Population & Households

ZIP 60304 is home to a population of 17,218 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 6,527 households, indicating an average household size of roughly 2.6 people. This suggests a mix of families, couples, and potentially some single-person households. Additionally, there are 6,842 total housing units in the area, pointing to a small vacancy rate and a relatively tight housing market. For those eyeing this ZIP code, the population density and household structure signal a stable, community-oriented environment.

Income & Housing Costs

One of the standout metrics for ZIP 60304 is its median household income of $132,841, which reflects a financially robust community. This figure suggests that many residents have significant purchasing power, which could be a draw for businesses targeting higher-income demographics. On the housing front, the median home value stands at $470,100, indicating a premium real estate market. For renters, the median rent is $1,279 per month, which is relatively high but aligns with the area’s income levels and property values. These numbers highlight ZIP 60304 as a desirable yet costly area to live, appealing to those with the means to invest in quality housing.

Race & Ethnicity

The racial and ethnic makeup of ZIP 60304 showcases a diverse community, which can be a significant asset for cultural vibrancy and inclusivity. The population is composed of 60.09% White, 17.31% Black, 6.6% Asian, and 9.5% Hispanic residents, with the remainder likely identifying as other or multiracial. This diversity suggests a welcoming environment for people from various backgrounds, which could be a key consideration for families relocating or businesses aiming to serve a broad customer base. It also points to potential opportunities for culturally tailored services or products in the area.

Key Facts

• Total population: 17,218 residents, offering a solid community base.
• Total households: 6,527, with an average size of about 2.6 people.
• Total housing units: 6,842, indicating limited vacancy and high demand.
• Median household income: $132,841, reflecting strong economic stability.
• Median home value: $470,100, positioning this as a premium housing market.
• Median rent: $1,279, aligning with the area’s higher cost of living.
• Racial diversity: 60.09% White, 17.31% Black, 6.6% Asian, 9.5% Hispanic.

What This Means for You

For homebuyers, ZIP 60304 offers a stable, affluent community with diverse neighbors and a strong sense of place, though the high median home value of $470,100 means you’ll need a substantial budget or financing plan. The limited housing stock (6,842 units for 6,527 households) suggests acting quickly on opportunities. For investors and real estate agents, the high property values and income levels indicate potential for solid returns, especially in a market with low vacancy. However, competition for properties may be fierce. For small-business owners, the $132,841 median income signals a customer base with disposable income, ideal for premium or niche offerings, while the diverse population opens doors for culturally specific products or services. Finally, analysts can use these metrics to benchmark ZIP 60304 against nearby areas for deeper market studies or trend analysis.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 60304? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing insights tailored to your needs.
• Use the detailed reports to inform your homebuying, investment, or business decisions with confidence.