Real Estate Prices and Overview
S Homan Ave / W Ogden Ave median real estate prices are $106,366, which is less expensive than 74.4% of Illinois neighborhoods
and 72.9% of all U.S. neighborhoods.
Average rental prices in S Homan Ave / W Ogden Ave are currently
$1,164, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 79.2%
of the neighborhoods in Illinois.
S Homan Ave / W Ogden Ave is a densely urban neighborhood (based on population
density) located in Chicago, Illinois.
S Homan Ave / W Ogden Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) small apartment buildings and single-family homes.
Most of the residential real estate is renter occupied. Many of
the residences in the S Homan Ave / W Ogden Ave 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 1970 and 1999.
Vacant apartments or homes are a major fact of life in
S Homan Ave / W Ogden Ave. The current real estate vacancy rate here is 32.3%.
This is higher than the rate of vacancies in 95.2% 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
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 S Homan Ave / W Ogden Ave neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Modes of Transportation
More people ride the bus in this neighborhood each day to get to work
than 99.8% of U.S. neighborhoods.
Also, a unique way of commuting is simply not to. And in the S Homan Ave / W Ogden Ave
neighborhood, analysis shows that 15.6% of the residents work
from home, avoiding a commute altogether. This may not seem like a large number,
but it is a higher proportion of people working from home than is found in
98.5% of the neighborhoods in the United States.
One thing NeighborhoodScout's research reveals is that the wealthier and/or
more isolated the neighborhood, the greater the proportion of residents who
choose to work from home.
Finally, in the S Homan Ave / W Ogden Ave neighborhood, 19.7% of people
ride the train to work each day. This is a very high percentage compared
to most places. In fact, NeighborhoodScout's analysis reveals that this
is a higher level of train ridership than in 96.5% of the
neighborhoods in America.
Notable & Unique: 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 S Homan Ave / W Ogden Ave neighborhood has more single mother
households than 98.3% 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 S Homan Ave / W Ogden Ave neighborhood has a greater percentage
of children living in poverty (65.3%) than found in
96.9% of all U.S. neighborhoods. Children living in poverty
is one of the challenges facing America, and the world, and in this
neighborhood in particular, the problem can be considered acute.
Notable & Unique: Real Estate
Even if you drive or take transit to your place of employment, many
people enjoy being able to walk in their neighborhood. What many people
don't realize is that most of America's premier vacation locations are
also very walkable. The S Homan Ave / W Ogden Ave neighborhood is among
the top 5% of American neighborhoods in terms of walkability.
In addition, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the S Homan Ave / W Ogden Ave neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 71.7% of the real estate here is made up of such dwellings, which is higher than 99.7% of all U.S. neighborhoods.
Furthermore, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 32.3% of the residential real estate vacant, the S Homan Ave / W Ogden Ave neighborhood claims the distinction of having a higher vacancy rate than 95.2% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.
Also of note, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The S Homan Ave / W Ogden Ave neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 59.5% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 95.1% of the neighborhoods in the United States.
The Neighbors: Income
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 S Homan Ave / W Ogden Ave 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 91.4% of U.S. neighborhoods.
With 65.3% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 96.9%
of U.S. neighborhoods.
The Neighbors: Occupations
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 S Homan Ave / W Ogden Ave neighborhood, 40.6%
of the working population is employed in clerical, assistant, and tech support occupations. The second most important occupational group in this neighborhood is
executive, management, and professional occupations, with 31.7% of the residents employed.
Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants
(26.1%), and 3.3% in government jobs, whether they are in local, state, or federal positions.
The Neighbors: 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 S Homan Ave / W Ogden Ave neighborhood in Chicago, IL, residents
most commonly identify their ethnicity or ancestry as Mexican
The Neighbors: Languages
The most common language spoken in the S Homan Ave / W Ogden Ave
neighborhood is English, spoken by 100.0% 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 S Homan Ave / W Ogden Ave neighborhood spend
between 45 minutes and one hour commuting one-way to work (44.1% of working
residents), longer and tougher than most commutes in America.
Here most residents (46.1%) ride the bus to get to work.
In addition, quite a number also drive alone in a private automobile to get to work (20.4%) and 19.7% of residents also take the train for their daily commute. The bus provides a valuable service in the S Homan Ave / W Ogden Ave neighborhood of
Chicago by getting a lot of residents to and from work daily, reducing
the costs of commuting and reducing some congestion on the roads as well.