Real Estate Prices and Overview
S Homan Ave / W Ogden Ave median real estate prices are $145,817, which is more expensive than 42.6% of the neighborhoods
in Illinois and 44.1% of the
neighborhoods in the U.S.
Average rental prices in S Homan Ave / W Ogden Ave are currently
$1,150, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 85.8%
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
Our research revealed that more commuters here take the bus to work
(46.1% ride the bus) than 99.8% 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
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, if you like to ride the train to work, this neighborhood may be for you.
NeighborhoodScout's research revealed that 19.7% of the
S Homan Ave / W Ogden Ave neighborhood's commuters ride the train to and from work each
day, which is more than we found in 96.5% of America's
Notable & Unique: People
Single parenting is hard. But you don't have to tell the
S Homan Ave / W Ogden Ave neighborhood about it; they already know. 22.3%
of this neighborhood's households are run by single mothers, which is a
higher concentration than NeighborhoodScout found in 98.3%
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, of note, 65.3% 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.
Notable & Unique: Real Estate
Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the S Homan Ave / W Ogden Ave neighborhood is one of the most walkable neighborhoods in America.
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, despite all of the residential real estate here in the S Homan Ave / W Ogden Ave neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 32.3%, which is higher than 95.2% of all U.S. neighborhoods.
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 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 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
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 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
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 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.