Real Estate Prices and Overview
W 63rd St / S Halsted St median real estate prices are $193,489, which is more expensive than 61.7% of the neighborhoods
in Illinois and 59.7% of the
neighborhoods in the U.S.
Average rental prices in W 63rd St / S Halsted St are currently
$503, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 81.7% of Illinois neighborhoods.
W 63rd St / S Halsted St is an urban neighborhood (based on population
density) located in Chicago, Illinois.
W 63rd St / S Halsted 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 small apartment buildings.
Most of the residential real estate is renter occupied. Many of
the residences in the W 63rd St / S Halsted St neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in
W 63rd St / S Halsted St. The current real estate vacancy rate here is 25.2%.
This is higher than the rate of vacancies in 90.9% of
all U.S. neighborhoods. This can sometimes be the case in neighborhoods
dominated by seasonal homes (such as vacation areas), and occasionally
it is also found in neighborhoods that are primarily filled with college
students, as some apartments could be vacant when school is not in session.
But often neighborhoods with vacancy rates this high are places that
can be plagued by a protracted vacancy problem. If you live here, you
may find that a number of buildings in your neighborhood are actually 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.
Notable & Unique: Modes of Transportation
Our research revealed that more commuters here take the bus to work
(27.2% ride the bus) than 98.5% of all American
neighborhoods. If you like the idea of leaving your car and home and
hopping the bus to work, this might be a good neighborhood for you to
Notable & Unique: People
One of the unique characteristics of the W 63rd St / S Halsted St
neighborhood revealed by analysis is that the per capita income of
residents here is lower than that found in 96.9% of the neighborhoods
In addition, whether by choice, divorce, or unplanned pregnancy, single moms may have
the toughest job in the book. NeighborhoodScout's exclusive analysis reveals
that the W 63rd St / S Halsted St neighborhood has more single mother
households than 96.8% 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.
Notable & Unique: Car Ownership
Most American households own a car or other vehicle. Many own two cars
or perhaps three. In the United States, it is useful to have an automobile
not only for commuting, but also for shopping and getting to other services
one needs. But NeighborhoodScout's analysis revealed that households in
the W 63rd St / S Halsted St neighborhood have a highly unusual car ownership.
23.1% of the households in this neighborhood don't own a car at
all. This is more carless households than NeighborhoodScout found in
95.3% of U.S. neighborhoods.
Notable & Unique: Real Estate
In addition, renter-occupied real estate is dominant in the W 63rd St / S Halsted St neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 88.1%, which is higher than 96.6% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
The Neighbors: Income
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 63rd St / S Halsted 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 96.9% of U.S. neighborhoods.
With 54.5% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 93.1%
of U.S. neighborhoods.
The Neighbors: Occupations
A neighborhood is far different if it is dominated by enlisted military personnel
rather than people who earn their living by farming. It is also different if
most of the neighbors are clerical support or managers. What is wonderful is
the shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
In the W 63rd St / S Halsted St neighborhood, 35.4%
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 23.6% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(22.0%), and 19.1% in executive, management, and professional occupations.
The Neighbors: Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves,
Los Angeles' Persian neighborhoods. Each has its own culture derived primarily
from the ancestries and culture of the residents who call these neighborhoods
home. Likewise, each neighborhood in America has its own culture – some more
unique than others – based on lifestyle, occupations, the types of households
– and importantly – on the ethnicities and ancestries of the people who live
in the neighborhood. Understanding where people came from, who their grandparents
or great-grandparents were, can help you understand how a neighborhood is today.
In the W 63rd St / S Halsted St neighborhood in Chicago, IL, residents
most commonly identify their ethnicity or ancestry as Sub-Saharan African
The Neighbors: Languages
The most common language spoken in the W 63rd St / S Halsted St
neighborhood is English, spoken by 97.9% of households.
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 W 63rd St / S Halsted St neighborhood spend
between 45 minutes and one hour commuting one-way to work (34.3% of working
residents), longer and tougher than most commutes in America.
Here most residents (53.6%) drive alone in a private automobile to get to work.
In addition, quite a number also ride the bus to get to work (27.2%) and 9.8% of residents also take the train 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.