ZIP Code 60661 — Demographics & Housing Data 2023

Overview

If you're considering a move, investment, or business opportunity in ZIP 60661, located in the heart of Chicago, this demographic and housing snapshot offers a clear picture of the area in 2023. With a vibrant population and a strong economic profile, this ZIP code presents unique opportunities for homebuyers, real estate investors, agents, small-business owners, and analysts. Let’s break down the latest data to help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 60661 is home to a population of 11,516 residents as of 2023. This area supports 7,475 households, reflecting a community of moderate density within an urban setting. The total number of housing units stands at 8,049, indicating a slight surplus of available properties compared to occupied households. This balance suggests potential opportunities for those looking to buy or rent in the area, as well as for investors eyeing vacancy rates and market dynamics.

Income & Housing Costs

One of the standout metrics for ZIP 60661 is its median household income, which sits at an impressive $138,831. This figure points to a relatively affluent community, likely attracting professionals and high-earning households. On the housing front, the median house value is $397,700, reflecting a competitive real estate market that aligns with the area’s income levels. For renters, the median rent is $2,403 per month, indicating a premium rental market that caters to those with higher disposable incomes. These numbers highlight ZIP 60661 as a desirable location for those who can afford its costs, while also signaling strong potential returns for property investors.

Race & Ethnicity

The demographic makeup of ZIP 60661 showcases a diverse yet predominantly white population. As of 2023, 54.75% of residents identify as white, followed by 23.15% Asian, 10.46% Hispanic, and 5.53% Black. This diversity contributes to a culturally rich environment, which can be a draw for families, businesses, and investors looking for an inclusive community. Understanding this composition can help tailor business offerings or marketing strategies to resonate with the local population.

Key Facts

• Total population in ZIP 60661: 11,516 residents.
• Total households: 7,475, with 8,049 total housing units available.
• Median household income: $138,831, indicating a high-earning community.
• Median house value: $397,700, reflecting a robust real estate market.
• Median rent: $2,403 per month, pointing to a premium rental landscape.
• Racial composition: 54.75% white, 23.15% Asian, 10.46% Hispanic, 5.53% Black.

What This Means for You

For homebuyers, ZIP 60661 offers a dynamic urban environment with a higher cost of entry—both for purchasing and renting. The median house value of $397,700 and median rent of $2,403 suggest you’ll need a solid budget, but the area’s high median income of $138,831 indicates a stable, prosperous community worth the investment. Consider this area if you’re seeking a vibrant, diverse neighborhood with strong economic underpinnings.

For investors and agents, the slight gap between total housing units (8,049) and occupied households (7,475) hints at potential vacancies or opportunities for development. The high property values and rental rates also suggest strong returns on investment, especially for luxury or professional-focused properties. Keep an eye on market trends to capitalize on this area’s affluent demographic.

For small-business owners, the diverse population and high income levels in ZIP 60661 create a promising customer base. Tailoring your products or services to a professional, multicultural audience could yield success. Additionally, the urban setting and population density support businesses in sectors like retail, dining, and professional services.

For analysts, the data provides a clear snapshot of a high-income, diverse urban ZIP code with a competitive housing market. Use these metrics to benchmark against other areas or to identify trends in urban demographic shifts.

Run This Study Yourself

• Want to dive deeper into ZIP 60661 or compare it with another area? 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 needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.