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Real Estate Prices & Overview

Altgeld Gardens median real estate price is $139,722, which is less expensive than 81.5% of Illinois neighborhoods and 88.5% of all U.S. neighborhoods.

The average rental price in Altgeld Gardens is currently $1,595, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 61.5% of Illinois neighborhoods.

Altgeld Gardens is a suburban neighborhood (based on population density) located in Chicago, Illinois.

Altgeld Gardens real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) townhomes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Altgeld Gardens neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Home and apartment vacancy rates are 8.3% in Altgeld Gardens. NeighborhoodScout analysis shows that this rate is lower than 46.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Altgeld Gardens neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

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 Altgeld Gardens neighborhood has more single mother households than 100.0% 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, the Altgeld Gardens neighborhood stands out for having an average per capita income lower than 99.7% of the neighborhoods in the United States. Also of note, 54.5% 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.

Also, the Altgeld Gardens neighborhood is unique for having just 4.3% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 97.7% of America's neighborhoods.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 99.5% of U.S. neighborhoods.

Real Estate

Many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Altgeld Gardens neighborhood could be your paradise. With 56.3% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 0.9% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

In addition, 95.4% of the real estate in the Altgeld Gardens neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Altgeld Gardens neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Altgeld Gardens neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 12.9% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 97.7% of all neighborhoods in America.

Diversity

Did you know that the Altgeld Gardens neighborhood has more African and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.2% of this neighborhood's residents have African ancestry and 5.1% have Jamaican ancestry.

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 Altgeld Gardens 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 99.7% 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 95.5% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Altgeld Gardens neighborhood, 31.4% 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 clerical, assistant, and tech support occupations, with 29.3% of the residents employed. Other residents here are employed in executive, management, and professional occupations (21.1%), and 18.3% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Altgeld Gardens neighborhood is English, spoken by 96.1% of households. Some people also speak Spanish (3.9%).

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 Altgeld Gardens neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (9.2%). There are also a number of people of African ancestry (9.2%), and residents who report Jamaican roots (5.1%), and some of the residents are also of Mexican ancestry (2.3%), along with some Puerto Rican ancestry residents (2.2%), among others.

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 Altgeld Gardens neighborhood spend between 30 and 45 minutes commuting one-way to work (34.8% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods. However, there is also a significant group of residents (12.9%) who commute over an hour in each direction.

Here most residents (65.0%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (27.3%) . 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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