Real Estate Prices and Overview
S Homan Ave / W Roosevelt Rd median real estate prices are $208,145, which is more expensive than 66.3% of the neighborhoods
in Illinois and 63.1% of the
neighborhoods in the U.S.
Average rental prices in S Homan Ave / W Roosevelt Rd are currently
$645, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 65.8% of Illinois neighborhoods.
S Homan Ave / W Roosevelt Rd is a densely urban neighborhood (based on population
density) located in Chicago, Illinois.
S Homan Ave / W Roosevelt Rd real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) small apartment buildings and apartment complexes/high-rise apartments.
Most of the residential real estate is renter occupied. Many of
the residences in the S Homan Ave / W Roosevelt Rd 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 Roosevelt Rd. The current real estate vacancy rate here is 42.6%.
This is higher than the rate of vacancies in 97.7% 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: People
Single parenting is hard. But you don't have to tell the
S Homan Ave / W Roosevelt Rd neighborhood about it; they already know. 31.5%
of this neighborhood's households are run by single mothers, which is a
higher concentration than NeighborhoodScout found in 99.7%
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, 60.3% 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: Modes of Transportation
Our research revealed that more commuters here take the bus to work
(27.6% ride the bus) than 98.6% 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: 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 Roosevelt Rd 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 Roosevelt Rd 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 57.8% of the real estate here is made up of such dwellings, which is higher than 98.8% of all U.S. neighborhoods.
Furthermore, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 42.6% of the residential real estate vacant, the S Homan Ave / W Roosevelt Rd neighborhood claims the distinction of having a higher vacancy rate than 97.7% 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, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 68.3% of the residential real estate in the S Homan Ave / W Roosevelt Rd neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 97.4% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Notable & Unique: Car Ownership
American households most often have a car, and regularly they have two or
three. But households in the S Homan Ave / W Roosevelt Rd neighborhood buck
27.9% of the households in this neighborhood don't own a car at
all. This is more carless households than NeighborhoodScout found in
96.4% 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 S Homan Ave / W Roosevelt Rd 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 93.6% of U.S. neighborhoods.
With 60.3% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 95.4%
of U.S. neighborhoods.
The Neighbors: Occupations
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 S Homan Ave / W Roosevelt Rd neighborhood, 31.6%
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
executive, management, and professional occupations, with 31.2% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(25.6%), and 11.6% in manufacturing and laborer occupations.
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 Roosevelt Rd neighborhood in Chicago, IL, residents
most commonly identify their ethnicity or ancestry as Sub-Saharan African
(1.6%). There are also a number of people of African ancestry (1.6%) , and residents who report Puerto Rican roots (1.6%) , and some of the residents are also of Mexican ancestry (1.1%) .
The Neighbors: Languages
The most common language spoken in the S Homan Ave / W Roosevelt Rd
neighborhood is English, spoken by 97.0% of households. Some people also speak Spanish (2.6%).
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 Roosevelt Rd neighborhood spend
between 30 and 45 minutes commuting one-way to work (38.7% of working
residents), which is at or a bit above the average length of a commute across all U.S.
Here most residents (49.5%) drive alone in a private automobile to get to work.
In addition, quite a number also ride the bus to get to work (27.6%) and 8.7% 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.