| ZIP Code | 60123 |
|---|---|
| City | Elgin |
| State | Illinois (IL) |
| County | Kane County |
| Area Code | 224/630/847 |
| Elevation | 823 ft |
| Latitude | 42.040644 |
|---|---|
| Longitude | -88.311296 |
| Timezone | Chicago (DST) |
| FIPS | 17089 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 39.7 yrs ↑ 10% since 2019 |
|---|---|
| Avg Household Size | 2.70 |
| Below Poverty | 10.5% ≈ Avg |
| College Grads | 34.7% ▼ 10% below avg |
| Unemployment | 5.5% ▲ 12% above avg |
| No HS Diploma | 1,189 (4%) |
| HS Graduate | 8,436 (28.6%) |
| Some College | 4,826 (16.4%) |
| Associates | 4,812 (16.3%) |
| Bachelors | 2,510 (8.5%) |
| Graduate Degree | 7,720 (26.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $86,762 ▲ 14% above avg ↑ 31% since 2019 |
|---|---|
| Median Home Value | $242,200 ▼ 13% below avg ↑ 39% since 2019 |
| Home/Income Ratio | 2.8x (nat avg ~3.5x) |
| Median Rent | $1,226/mo ↑ 18% since 2019 |
| Total Units | 18,129 |
| Vacant Units | 648 |
| Avg HH Size | 2.70 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 18,129 |
|---|---|
| Vacant | 648 |
| Owner Occupied | 71.4% |
| Renter Occupied | 28.6% |
| Avg HH Size | 2.70 |
ZIP code 60123 is located in Elgin, Illinois, within Kane County. With a population of 48,821, this is a highly populated ZIP code with a middle-aged community — the median age is 39.7 years. Economically, 60123 is a middle-income ZIP code: the median household income of $86,762 is near the national average.
Real estate in ZIP code 60123 represents an affordable housing market. The median home value of $242,200 is near the national average. Renters can expect to pay around $1,226 per month in median rent. Homeownership is strong here — 71.4% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 39% since 2019.
The population of 60123 is racially diverse, with Hispanic as the largest group at 47.4%. Residents are moderately educated — 34.7% hold a bachelor's degree or higher, which is near the national average. Poverty affects some residents at 10.5%. Household income has grown by 31% since 2019.
The unemployment rate in 60123 stands at 5.5%, which is near the national average. About 11% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 74%.
Overall, ZIP code 60123 in Elgin, IL is characterized as middle-income, moderately educated, a middle-aged community, and predominantly owner-occupied. With 48,821 residents, a median household income of $86,762, and a median home value of $242,200, it offers a clear picture of life in this part of Illinois.