Montclare median real estate price is $522,448, which is more expensive than 70.1% of the neighborhoods in Illinois and 57.8% of the neighborhoods in the U.S.
The average rental price in Montclare is currently $1,927, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 49.0% of Illinois neighborhoods.
Montclare is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
Montclare real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Montclare neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Real estate vacancies in Montclare are 5.2%, which is lower than one will find in 63.0% of American neighborhoods. Demand for real estate in Montclare 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 Montclare neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Did you know that the Montclare neighborhood has more South American and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.3% of this neighborhood's residents have South American ancestry and 11.5% have Puerto Rican ancestry.
Montclare is also pretty special linguistically. Significantly, 1.6% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 96.8% of the neighborhoods in America.
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 Montclare 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 70.1% of U.S. neighborhoods. With 17.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 66.4% of U.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 Montclare neighborhood, 34.3% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 32.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.1%), and 13.5% in clerical, assistant, and tech support occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Montclare neighborhood is Spanish, spoken by 49.1% of households. Other important languages spoken here include English and Polish.
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 Montclare neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Mexican (36.0%). There are also a number of people of Puerto Rican ancestry (11.5%), and residents who report South American roots (11.3%), and some of the residents are also of Italian ancestry (7.8%), along with some Polish ancestry residents (3.3%), among others. In addition, 33.8% 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 Montclare neighborhood spend between 30 and 45 minutes commuting one-way to work (42.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (66.4%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (10.5%) and 5.2% of residents also ride the bus 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.