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Real Estate Prices & Overview

W George St / N Sacramento Ave median real estate price is $763,583, which is more expensive than 90.1% of the neighborhoods in Illinois and 78.8% of the neighborhoods in the U.S.

The average rental price in W George St / N Sacramento Ave is currently $2,800, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 80.1% of the neighborhoods in Illinois.

W George St / N Sacramento Ave is a densely urban neighborhood (based on population density) located in Chicago, Illinois.

W George St / N Sacramento Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the W George St / N Sacramento Ave 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 W George St / N Sacramento Ave are 3.9%, which is lower than one will find in 72.6% of American neighborhoods. Demand for real estate in W George St / N Sacramento Ave 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.

Notable & Unique Neighborhood Characteristics

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.

People

Of note is NeighborhoodScout's research finding that the W George St / N Sacramento Ave neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the W George St / N Sacramento Ave community truly stands out from the rest in this regard.

Modes of Transportation

Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the W George St / N Sacramento Ave neighborhood is a fantastic option for bicycle commuters, as 5.9% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 98.7% of the neighborhoods in America.

Also, in the W George St / N Sacramento Ave neighborhood, 11.0% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 95.7% of the neighborhoods in America.

Real Estate

Corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the W George St / N Sacramento Ave neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 47.0% of the real estate here is made up of such dwellings, which is higher than 98.1% of all U.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 W George St / N Sacramento Ave 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 58.6% of the residential real estate in the W George St / N Sacramento Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.3% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Occupations

It used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. But according to NeighborhoodScout's leading analysis, the W George St / N Sacramento Ave neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 4.3% of the workforce so employed, this neighborhood has a greater concentration of such workers than 96.3% of U.S. neighborhoods.

Diversity

Did you know that the W George St / N Sacramento Ave neighborhood has more Puerto Rican and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.1% of this neighborhood's residents have Puerto Rican ancestry and 1.9% have Eastern European ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the W George St / N Sacramento Ave neighborhood in Chicago are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 73.3% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the W George St / N Sacramento Ave neighborhood, 49.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 20.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.1%), and 11.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the W George St / N Sacramento Ave neighborhood is English, spoken by 62.4% of households. Some people also speak Spanish (34.0%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the W George St / N Sacramento Ave neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Mexican (32.6%). There are also a number of people of Puerto Rican ancestry (12.1%), and residents who report Irish roots (9.6%), and some of the residents are also of German ancestry (9.3%), along with some Italian ancestry residents (5.1%), among others. In addition, 17.4% of the residents of this neighborhood were born in another country.

Getting to Work

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 W George St / N Sacramento Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (38.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (47.5%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (11.0%) and 5.9% of residents also bicycle 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.


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