W Roscoe St / N Broadway St median real estate price is $432,696, which is more expensive than 66.5% of the neighborhoods in Illinois and 53.2% of the neighborhoods in the U.S.
The average rental price in W Roscoe St / N Broadway St is currently $2,543, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 73.9% of the neighborhoods in Illinois.
W Roscoe St / N Broadway St is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
W Roscoe St / N Broadway St 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the W Roscoe St / N Broadway St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In W Roscoe St / N Broadway St, the current vacancy rate is 2.0%, which is a lower rate of vacancies than 85.4% of all neighborhoods in the U.S. This means that the housing supply in W Roscoe St / N Broadway St is very tight compared to the demand for property here.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
One of the most interesting things about the W Roscoe St / N Broadway St neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 71.7% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 99.8% of the neighborhoods in America.
In addition, the rate of college educated adults in the W Roscoe St / N Broadway St neighborhood is a unique characteristic of the neighborhood. 74.9% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 35.7% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 95.6% of all U.S. neighborhoods.
More people ride the bus in this neighborhood each day to get to work than 99.4% of U.S. neighborhoods.
Also, in the W Roscoe St / N Broadway St neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 45.7% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 99.4% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
One of the really unique and interesting things about the look and setting of the W Roscoe St / N Broadway St neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 96.4% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 99.3% of all neighborhoods in America.
In addition, the W Roscoe St / N Broadway St neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 95.8% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Furthermore, the W Roscoe St / N Broadway St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 58,568 persons per square mile in the neighborhood, it is more packed with people than 98.8% of the nation'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 W Roscoe St / N Broadway St neighborhood is one of the most walkable neighborhoods in America.
American households most often have a car, and regularly they have two or three. But households in the W Roscoe St / N Broadway St neighborhood buck this trend. 58.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.1% of U.S. neighborhoods.
The W Roscoe St / N Broadway St neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 98.0% of the neighborhoods in America. In fact, 76.8% 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 W Roscoe St / N Broadway St neighborhood has more Canadian and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.0% of this neighborhood's residents have Canadian ancestry and 5.9% have Arab ancestry.
W Roscoe St / N Broadway St is also pretty special linguistically. Significantly, 5.8% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 98.8% of the neighborhoods in America.
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 Roscoe St / N Broadway St 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 45.5% of the neighborhoods in America. With 25.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 77.8% 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 W Roscoe St / N Broadway St neighborhood, 76.8% 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 10.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (9.9%), and 3.3% in government jobs, whether they are in local, state, or federal positions.
Languages
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 W Roscoe St / N Broadway St neighborhood is English, spoken by 73.6% of households. Other important languages spoken here include Spanish, Arabic and Chinese.
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 Roscoe St / N Broadway St neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as German (22.0%). There are also a number of people of Irish ancestry (12.0%), and residents who report English roots (9.9%), and some of the residents are also of Polish ancestry (6.4%), along with some Arab ancestry residents (5.9%), among others. In addition, 18.3% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in W Roscoe St / N Broadway St neighborhood spend between 30 and 45 minutes commuting one-way to work (35.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (24.6%) ride the bus to get to work. In addition, quite a number also drive alone in a private automobile to get to work (12.9%) and 8.2% of residents also carpool with coworkers, friends, or neighbors for their daily commute. The bus provides a valuable service in the W Roscoe St / N Broadway St neighborhood of Chicago by getting a lot of residents to and from work daily, reducing the costs of commuting and reducing some congestion on the roads as well.
