Gage Park Southeast median real estate price is $221,749, which is more expensive than 33.2% of the neighborhoods in Illinois and 24.0% of the neighborhoods in the U.S.
The average rental price in Gage Park Southeast is currently $1,486, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 69.7% of Illinois neighborhoods.
Gage Park Southeast is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
Gage Park Southeast real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Gage Park Southeast neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Real estate vacancies in Gage Park Southeast are 5.1%, which is lower than one will find in 63.5% of American neighborhoods. Demand for real estate in Gage Park Southeast is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
More people ride the bus in this neighborhood each day to get to work than 98.8% of U.S. neighborhoods.
Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Gage Park Southeast neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 37.6% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 96.7% of America's neighborhoods.
In addition, being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Gage Park Southeast neighborhood is one of the most walkable neighborhoods in America.
Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 58.1% of the residential real estate in the Gage Park Southeast neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.2% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Did you know that the Gage Park Southeast neighborhood has more Jamaican and Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.0% of this neighborhood's residents have Jamaican ancestry and 54.4% have Mexican ancestry.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Gage Park Southeast neighborhood in Chicago are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 73.7% of U.S. neighborhoods. With 34.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 85.8% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Gage Park Southeast neighborhood, 32.9% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 24.1% of the residents employed. Other residents here are employed in executive, management, and professional occupations (22.0%), and 21.0% in clerical, assistant, and tech support occupations.
The most common language spoken in the Gage Park Southeast neighborhood is Spanish, spoken by 53.6% of households. Some people also speak English (46.4%).
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Gage Park Southeast neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Mexican (54.4%). There are also a number of people of Jamaican ancestry (12.0%), and residents who report Polish roots (5.7%), and some of the residents are also of Puerto Rican ancestry (4.7%). In addition, 23.9% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Gage Park Southeast neighborhood spend between 45 minutes and one hour commuting one-way to work (32.1% of working residents), longer and tougher than most commutes in America.
Here most residents (65.1%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (19.8%) and 7.0% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.