ZIP Code 60560 — Demographics & Housing Data 2023

Overview

If you’re considering ZIP code 60560 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 suburban appeal and economic opportunity. With a population of nearly 28,000 and a strong median household income, it’s a community worth exploring for homebuyers, real estate investors, small-business owners, and data analysts. This snapshot, based on 2023 data, breaks down the key metrics to help you make informed decisions about living, investing, or operating in 60560.

Population & Households

ZIP 60560 is home to 27,798 residents, making it a moderately sized community with a robust local market. These individuals are distributed across 9,732 households, reflecting a mix of family and individual living arrangements. With 10,022 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable residential environment with potential for growth or rental opportunities.

Income & Housing Costs

One of the standout features of ZIP 60560 is its strong economic profile. The median household income stands at $112,160, well above the national average, signaling a community with significant purchasing power. This financial stability is a draw for businesses seeking a customer base with disposable income and for homebuyers looking for a prosperous area to settle in. On the housing front, the median home value is $324,900, reflecting a competitive yet accessible real estate market for a region with such high earnings. For renters, the median rent is $1,626 per month, which aligns with the area’s income levels and suggests a viable rental market for property investors.

Race & Ethnicity

The demographic makeup of ZIP 60560 is diverse, offering a multicultural environment that can appeal to a wide range of residents and businesses. The racial composition includes 72.61% White, 4.71% Black, 2.99% Asian, and 18.41% Hispanic residents. This diversity can be a significant asset for small-business owners aiming to cater to varied cultural preferences or for families seeking an inclusive community. It also provides a broad customer base for retailers and service providers looking to establish a presence in the area.

Key Facts

• Total population in ZIP 60560: 27,798 residents.
• Total households: 9,732, indicating a strong residential base.
• Total housing units: 10,022, suggesting some availability for new occupants.
• Median household income: $112,160, reflecting economic strength.
• Median home value: $324,900, competitive for the income level.
• Median rent: $1,626, supporting a healthy rental market.
• Racial diversity: 72.61% White, 18.41% Hispanic, 4.71% Black, 2.99% Asian.

What This Means for You

For homebuyers, ZIP 60560 offers a financially stable community with a median income of over $112,000, ensuring neighborhood vitality and access to quality amenities. The median home value of $324,900 positions this area as a solid long-term investment with room for appreciation. Real estate investors and agents will find opportunity in the slight surplus of housing units (10,022 vs. 9,732 households), which could translate to available properties for flipping or renting, especially with a median rent of $1,626 attracting reliable tenants. Small-business owners can leverage the diverse population of nearly 28,000 and their strong purchasing power to build a loyal customer base, particularly in sectors like retail, dining, or services tailored to varied cultural needs. Analysts can use these metrics as a benchmark to compare with neighboring ZIP codes or to assess growth trends in this economically robust area.

Run This Study Yourself

• Curious about diving deeper into ZIP 60560 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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