Downtown Elgin Southeast median real estate price is $248,712, which is more expensive than 39.6% of the neighborhoods in Illinois and 28.2% of the neighborhoods in the U.S.
The average rental price in Downtown Elgin Southeast is currently $1,786, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 56.8% of Illinois neighborhoods.
Downtown Elgin Southeast is a suburban neighborhood (based on population density) located in Elgin, Illinois.
Downtown Elgin Southeast 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 Downtown Elgin Southeast neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.
In Downtown Elgin Southeast, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Downtown Elgin Southeast is very tight compared to the demand for property here.
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.
This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Downtown Elgin Southeast neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
Single parenting is hard. But you don't have to tell the Downtown Elgin Southeast neighborhood about it; they already know. 28.0% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 99.3% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.
In addition, with a nice mix of college students, safety from crime, and decent walkability, the Downtown Elgin Southeast neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 85.0% of the neighborhoods in IL. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.
Did you know that the Downtown Elgin Southeast neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 62.5% of this neighborhood's residents have Mexican ancestry.
Downtown Elgin Southeast is also pretty special linguistically. Significantly, 64.1% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 96.5% of all U.S. neighborhoods.
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 Downtown Elgin Southeast neighborhood in Elgin are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 43.2% of the neighborhoods in America. With 40.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 89.5% 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 Downtown Elgin Southeast neighborhood, 39.0% of the working population is employed in manufacturing and laborer 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 28.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.7%), and 10.2% in executive, management, and professional 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 Downtown Elgin Southeast neighborhood is Spanish, spoken by 64.1% of households. Other important languages spoken here include English and Langs. of India.
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 Downtown Elgin Southeast neighborhood in Elgin, IL, residents most commonly identify their ethnicity or ancestry as Mexican (62.5%). There are also a number of people of German ancestry (11.5%), and residents who report Asian roots (4.8%), and some of the residents are also of South American ancestry (4.0%), along with some Sub-Saharan African ancestry residents (2.5%), among others. In addition, 38.2% 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 Downtown Elgin Southeast neighborhood spend between 30 and 45 minutes commuting one-way to work (30.3% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (78.6%) 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 (13.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.