Lakeview Northwest median real estate price is $853,227, which is more expensive than 95.7% of the neighborhoods in Illinois and 86.0% of the neighborhoods in the U.S.
The average rental price in Lakeview Northwest is currently $2,412, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.4% of the neighborhoods in Illinois.
Lakeview Northwest is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
Lakeview Northwest real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Lakeview Northwest 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 Lakeview Northwest are 3.8%, which is lower than one will find in 72.6% of American neighborhoods. Demand for real estate in Lakeview Northwest 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.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Chicago, the Lakeview Northwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 81.5% of the adults living in the Lakeview Northwest neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 98.0% of U.S. neighborhoods. In this way, this neighborhood truly stands out.
In addition, the types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 52.4%. This is a higher percent living alone than we found in 96.5% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 24.5% of the Lakeview Northwest neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.0% of America's neighborhoods.
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 Lakeview Northwest neighborhood is one of the most walkable neighborhoods in America.
In addition, 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 61.5% of the residential real estate in the Lakeview Northwest neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 97.0% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
The Lakeview Northwest neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 95.6% of the neighborhoods in America. In fact, 71.4% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.
Did you know that the Lakeview Northwest neighborhood has more Croatian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.7% of this neighborhood's residents have Croatian ancestry.
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 Lakeview Northwest neighborhood in Chicago are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 58.9% of the neighborhoods in America. In addition, 5.4% 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 62.3% of America'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 Lakeview Northwest neighborhood, 71.4% 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 11.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.0%), and 8.2% in manufacturing and laborer occupations.
The most common language spoken in the Lakeview Northwest neighborhood is English, spoken by 87.5% of households. Some people also speak Spanish (7.0%).
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 Lakeview Northwest neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as German (19.6%). There are also a number of people of Irish ancestry (17.3%), and residents who report English roots (8.5%), and some of the residents are also of Polish ancestry (8.3%), along with some Italian ancestry residents (8.2%), among others.
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 Lakeview Northwest neighborhood spend between 30 and 45 minutes commuting one-way to work (37.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (30.9%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (24.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.