ZIP Code 60461 — Olympia Fields village, IL Demographics & Data

ZIP code 60461 covers Olympia Fields, IL in Cook County with a population of about 4,678.

At a glance, the area shows median age of 45.4 versus a U.S. median of about 38.9.

It sits in telephone area codes 464, 708; U.S. House district IL-2; the CHICAGO media market.

Olympia Fields, IL sits in a university / college context (near caan academy of nursing (2.0 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 60461 is about $108,203 — about 44% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 12.6%; unemployment rate near 6.7%; 49.4% of adults with a bachelor’s degree or higher (about 15.7 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Education, and Public administration; about 16.4% of workers reporting work-from-home (about 1.2 points above the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $289,000 — about 17% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $3,215 (about 176% above the U.S. median rent ($1,163)), and owner-occupancy near 86.1% (about 20.7 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 60461 in Olympia Fields, IL, a household would need roughly $80,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,856. That sits below the local median household income ($108,203), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Olympia Fields village, IL as Very High (composite score 100.0), which is among the highest nationally. The strongest component scores on US5 are flood (99.9) and wildfire (55.8). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Olympia Fields village, IL show little to no average snow and around 42.1 inches of annual precipitation.

IRS migration statistics show a net inflow of about 260 for ZIP 60461 (Olympia Fields village, IL) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.