ZIP Code 60626 — Demographics & Housing Data 2023

Overview

If you’re considering ZIP code 60626 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in the northern part of Chicago, this area offers a unique blend of urban diversity and community character. This snapshot, based on 2023 data, provides a clear picture of population, income, housing costs, and racial composition to help homebuyers, investors, agents, small-business owners, and analysts make informed decisions. Let’s dive into the numbers for 60626 and uncover what they mean for you.

Population & Households

ZIP code 60626 is home to a vibrant community of 50,027 residents. This sizable population supports a dynamic local economy and a diverse social fabric, making it an attractive spot for families, professionals, and businesses alike. The area comprises 24,103 households, reflecting a mix of renters and homeowners. With 26,812 total housing units, there’s a notable supply of residences, though availability and affordability will depend on market conditions and individual needs.

Income & Housing Costs

The median household income in ZIP 60626 stands at $57,452, which offers insight into the economic profile of the area. This figure suggests a moderate income level, potentially appealing to first-time homebuyers or small businesses looking for a cost-effective location within a major city. On the housing front, the median home value is $269,000, positioning 60626 as a relatively accessible entry point into Chicago’s real estate market. For renters, the median rent is $1,265 per month, which aligns with urban living costs and reflects the area’s rental demand. These metrics provide a balanced view of affordability and investment potential.

Race & Ethnicity

ZIP 60626 boasts a diverse population, which contributes to its cultural richness and community appeal. The racial composition breaks down as follows: 46.58% White, 22.5% Black, 7.09% Asian, and 19.31% Hispanic. This diversity can be a significant draw for those seeking an inclusive environment, whether for raising a family, building a business, or connecting with a varied customer base. The multicultural makeup also suggests opportunities for culturally tailored services or products in the area.

Key Facts

• Total population: 50,027 residents, indicating a robust community size.
• Total households: 24,103, reflecting a mix of family and individual living arrangements.
• Total housing units: 26,812, showing a solid housing stock with potential availability.
• Median household income: $57,452, suggesting moderate economic stability.
• Median home value: $269,000, offering a competitive entry point for buyers.
• Median rent: $1,265, aligning with urban rental trends.
• Racial diversity: White (46.58%), Black (22.5%), Asian (7.09%), Hispanic (19.31%), highlighting a multicultural environment.

What This Means for You

For homebuyers, ZIP 60626 presents an opportunity to enter the Chicago housing market at a median value of $269,000, which may be more attainable compared to other city areas. The diverse community and sizable population also mean access to varied amenities and social networks. Investors and real estate agents can leverage the area’s housing stock of 26,812 units and moderate income levels to target both rental and purchase markets, especially with a median rent of $1,265 indicating steady demand. Small-business owners will find a diverse customer base of over 50,000 residents, ideal for businesses catering to multicultural needs or urban lifestyles. Finally, analysts can use these metrics to assess economic trends, housing affordability, and demographic shifts in 60626, providing valuable insights for broader market studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 60626? 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, and more, tailored to your specific interests.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business in any area of interest.