Real Estate Prices and Overview
S Indiana Ave / E 60th St median real estate prices are $126,146, which is more expensive than 34.4% of the neighborhoods
in Illinois and 36.0% of the
neighborhoods in the U.S.
Average rental prices in S Indiana Ave / E 60th St are currently
$611, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 70.5% of Illinois neighborhoods.
S Indiana Ave / E 60th St is a densely urban neighborhood (based on population
density) located in Chicago, Illinois.
S Indiana Ave / E 60th St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings.
Most of the residential real estate is renter occupied. Many of
the residences in the S Indiana Ave / E 60th St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in
S Indiana Ave / E 60th St. The current real estate vacancy rate here is 18.5%.
This is higher than the rate of vacancies in 81.9% 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 Indiana Ave / E 60th St 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
(41.6% ride the bus) than 99.7% 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: People
Single parenting is hard. But you don't have to tell the
S Indiana Ave / E 60th St neighborhood about it; they already know. 30.8%
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, the S Indiana Ave / E 60th St neighborhood stands out for having an
average per capita income lower than 97.7% of the neighborhoods
in the United States.
Also of note, 68.0% 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 S Indiana Ave / E 60th St 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 96.5% of America's neighborhoods.
Notable & Unique: Car Ownership
American households most often have a car, and regularly they have two or
three. But households in the S Indiana Ave / E 60th St neighborhood buck
47.2% of the households in this neighborhood don't own a car at
all. This is more carless households than NeighborhoodScout found in
98.4% of U.S. neighborhoods.
Notable & Unique: Migration/Stability
The freedom of moving to new places versus the comfort of home. How much
and how often people move not only can create diverse and worldly neighborhoods,
but simultaneously it can produce a loss of intimacy with one's surroundings
and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive
research has identified this neighborhood as unique with regard to the
transience of its populace.
In the S Indiana Ave / E 60th St neighborhood, a greater proportion of
the residents living here today did not live here five years ago than is
found in 96.9% of U.S. Neighborhoods. This neighborhood,
more than almost any other in America, has new residents from other areas.
Notable & Unique: Occupations
From major sales accounts to fast-food workers, sales and service employees
are often the backbone of the local economy. In the S Indiana Ave / E 60th St
neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis
identifies this neighborhood as having a higher percentage of sales and
service workers than 96.0% of all American neighborhoods.
Notable & Unique: Real Estate
In addition, renter-occupied real estate is dominant in the S Indiana Ave / E 60th St neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 95.2%, which is higher than 98.2% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Furthermore, the real estate in the S Indiana Ave / E 60th St neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 76.9% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 96.9% of American 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 Indiana Ave / E 60th St 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 97.7% of U.S. neighborhoods.
With 68.0% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 97.5%
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 Indiana Ave / E 60th St neighborhood, 43.1%
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
manufacturing and laborer occupations, with 23.3% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(17.7%), and 15.9% in executive, management, and professional 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 Indiana Ave / E 60th St neighborhood in Chicago, IL, residents
most commonly identify their ethnicity or ancestry as Sub-Saharan African
The Neighbors: Languages
The most common language spoken in the S Indiana Ave / E 60th St
neighborhood is English, spoken by 98.4% 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 Indiana Ave / E 60th St neighborhood spend
between 45 minutes and one hour commuting one-way to work (47.4% of working
residents), longer and tougher than most commutes in America.
Here most residents (41.6%) ride the bus to get to work.
In addition, quite a number also drive alone in a private automobile to get to work (36.9%) and 10.7% of residents also take the train for their daily commute. The bus provides a valuable service in the S Indiana Ave / E 60th St 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.