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Real Estate Prices & Overview

Washington Park Northwest median real estate price is $224,834, which is less expensive than 67.1% of Illinois neighborhoods and 75.8% of all U.S. neighborhoods.

The average rental price in Washington Park Northwest is currently $1,874, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 52.4% of Illinois neighborhoods.

Washington Park Northwest is a densely urban neighborhood (based on population density) located in Chicago, Illinois.

Washington Park 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 Washington Park 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.

Washington Park Northwest has a 13.9% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 77.2% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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

Whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Washington Park Northwest neighborhood has more single mother households than 99.5% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.

In addition, one of the unique characteristics of the Washington Park Northwest neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 96.8% of the neighborhoods in America.

Modes of Transportation

In the Washington Park Northwest neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 43.2% 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 99.0% 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.

Real Estate

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 Washington Park Northwest neighborhood is one of the most walkable neighborhoods in America.

In addition, the real estate in the Washington Park Northwest neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 74.3% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 95.8% of American neighborhoods.

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 55.7% of the residential real estate in the Washington Park Northwest neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 95.5% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Diversity

Did you know that the Washington Park Northwest neighborhood has more Sub-Saharan African and African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 27.7% of this neighborhood's residents have Sub-Saharan African ancestry and 7.6% have African ancestry.

The Neighbors

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 Washington Park Northwest 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 96.8% of U.S. neighborhoods. With 44.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 91.7% 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 Washington Park Northwest neighborhood, 38.7% 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 32.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.4%), and 10.0% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Washington Park Northwest neighborhood is English, spoken by 75.5% of households. Some people also speak Spanish (18.2%).

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 Washington Park Northwest neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (27.7%). There are also a number of people of African ancestry (7.6%), and residents who report South American roots (7.4%), and some of the residents are also of Jamaican ancestry (3.5%), along with some Irish ancestry residents (2.4%), among others. In addition, 13.7% 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 Washington Park Northwest neighborhood spend between 45 minutes and one hour commuting one-way to work (33.6% of working residents), longer and tougher than most commutes in America.

Here most residents (36.0%) 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 (15.3%) and 5.6% 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.

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