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Demographics
Population
Median Income
Racial Distributions
Zip code 60430 in Homewood, Illinois, is classified as a "Black Majority" community as of 2022. The area has a population of 21,374 and a median income of $76,054. The Black population constitutes 55% of the total, exceeding the 50% threshold for a racial majority.
Homewood has undergone a demographic transformation over the past decade. In 2013, the community had "Moderate Diversity" with a near-even split between White (46%) and Black (40%) populations. By 2018, it transitioned to a "Majority-Minority" status, with the Black population reaching 48%. In 2020, Homewood officially became a "Black Majority" community, with the Black population surpassing 50%.
The median income has remained relatively stable despite these demographic changes. In 2013, the median income was $78,585, and it has fluctuated within a narrow range, ending at $76,054 in 2022. The population has also remained relatively stable, with a slight increase from 20,694 in 2013 to 21,374 in 2022.
The demographic shift in Homewood aligns with broader trends seen in many suburban areas across the United States, particularly those near major cities. This trend is often referred to as "suburban diversity."
The economic stability of the area, despite significant demographic changes, is noteworthy. It suggests that Homewood has maintained its economic base through this transition.
Homewood represents a case of a "Transitional Community" that has evolved from "Moderate Diversity" to a "Black Majority" over the past decade. This transition has occurred without significant economic disruption, as evidenced by the stability in median income and modest population growth. These trends reflect broader patterns of increasing diversity in American suburbs while highlighting the potential for communities to undergo significant demographic changes while maintaining economic stability.