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Real Estate Prices & Overview

S Troy St / W 24th St median real estate price is $210,801, which is more expensive than 35.2% of the neighborhoods in Illinois and 26.9% of the neighborhoods in the U.S.

The average rental price in S Troy St / W 24th St is currently $1,473, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 70.2% of Illinois neighborhoods.

S Troy St / W 24th St is a densely urban neighborhood (based on population density) located in Chicago, Illinois.

S Troy St / W 24th St 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 renter occupied. Many of the residences in the S Troy St / W 24th St 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.

Home and apartment vacancy rates are 8.5% in S Troy St / W 24th St. NeighborhoodScout analysis shows that this rate is lower than 42.9% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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

The S Troy St / W 24th St neighborhood stands out for having an average per capita income lower than 96.7% of the neighborhoods in the United States. Also of note, 82.5% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

Real Estate

The S Troy St / W 24th St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 36,029 persons per square mile in the neighborhood, it is more packed with people than 97.6% of the nation's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The S Troy St / W 24th St neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, 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 S Troy St / W 24th St 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 46.0% of the real estate here is made up of such dwellings, which is higher than 98.1% of all U.S. neighborhoods.

Diversity

Did you know that the S Troy St / W 24th St neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 87.5% of this neighborhood's residents have Mexican ancestry.

S Troy St / W 24th St is also pretty special linguistically. Significantly, 88.1% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.5% of all U.S. neighborhoods.

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 S Troy St / W 24th St neighborhood in Chicago are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 96.7% of U.S. neighborhoods. With 82.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.5% 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 S Troy St / W 24th St neighborhood, 34.7% 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 32.5% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.6%), and 13.2% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the S Troy St / W 24th St neighborhood is Spanish, spoken by 88.1% of households. Some people also speak English (11.9%).

Ethnicity / Ancestry

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 S Troy St / W 24th St neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Mexican (87.5%). There are also a number of people of South American ancestry (3.0%), and residents who report Cuban roots (1.9%), and some of the residents are also of Irish ancestry (1.1%). In addition, 37.6% of the residents of this neighborhood were born in another country.

Getting to Work

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 S Troy St / W 24th St neighborhood spend between 45 minutes and one hour commuting one-way to work (33.1% of working residents), longer and tougher than most commutes in America.

Here most residents (58.4%) 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 (19.8%) and 7.7% of residents also hop out the door and walk to work 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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