Real Estate Prices and Overview
W 79th St / S Kedzie Ave median real estate prices are $162,920, which is more expensive than 50.6% of the neighborhoods
in Illinois and 50.9% of the
neighborhoods in the U.S.
Average rental prices in W 79th St / S Kedzie Ave are currently
$808, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 45.3% of Illinois neighborhoods.
W 79th St / S Kedzie Ave is a densely urban neighborhood (based on population
density) located in Chicago, Illinois.
W 79th St / S Kedzie Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings.
Most of the residential real estate is owner occupied. Many of
the residences in the W 79th St / S Kedzie Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In W 79th St / S Kedzie Ave, the current vacancy rate is 2.9%,
which is a lower rate of vacancies than 87.9% of all neighborhoods
in the U.S. This means that the housing supply in W 79th St / S Kedzie Ave
is very tight compared to the demand for property here.
Notable & Unique Neighborhood Characteristics
Many things matter about a neighborhood, but the first thing most people notice
is the way a neighborhood looks and its particular character. For example, one
might notice whether the buildings all date from a certain time period or whether
shop signs are in multiple languages. This particular neighborhood in Chicago,
the W 79th St / S Kedzie Ave neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Occupations
The government often provides some of the more stable jobs in the economy.
From local, to state, to federal government workers, the government can
also be a major employer. What NeighborhoodScout's analysis revealed, is
that the W 79th St / S Kedzie Ave neighborhood in particular stands out
when compared nationally for the proportion of its working residents who
are employed by the government. At 15.0% of its workforce, this
neighborhood has a greater concentration of government workers than
96.8% of U.S. neighborhoods.
The Neighbors: Income
There are two complimentary 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 W 79th St / S Kedzie Ave neighborhood in Chicago are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 84.9% of the neighborhoods in America.
In addition, 12.6% of the children seventeen and under
living in this neighborhood are living below the federal poverty line, which
is a lower rate of childhood poverty than is found in 56.5%
of America'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 79th St / S Kedzie Ave neighborhood, 42.7%
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 20.7% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(19.3%), and 17.4% in clerical, assistant, and tech support occupations.
The Neighbors: 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 79th St / S Kedzie Ave neighborhood in Chicago, IL, residents
most commonly identify their ethnicity or ancestry as Mexican
(2.6%). There are also a number of people of Sub-Saharan African ancestry (2.4%) , and residents who report African roots (2.0%) , and some of the residents are also of Polish ancestry (1.7%) .
The Neighbors: Languages
The most common language spoken in the W 79th St / S Kedzie Ave
neighborhood is English, spoken by 96.5% 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 79th St / S Kedzie Ave neighborhood spend
between 45 minutes and one hour commuting one-way to work (36.0% of working
residents), longer and tougher than most commutes in America.
Here most residents (72.5%) drive alone in a private automobile to get to work.
In addition, quite a number also ride the bus to get to work (11.8%) and 7.8% of residents also carpool with coworkers, friends, or neighbors 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.