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
The way a neighborhood looks and feels when you walk or drive around it, from
its setting, its buildings, and its flavor, can make all the difference. This
neighborhood has some really cool things about the way it looks and feels as
revealed by NeighborhoodScout's exclusive research. This might include anything
from the housing stock to the types of households living here to how people
Notable & Unique: Modes of Transportation
More people ride the bus in this neighborhood each day to get to work
than 99.7% of U.S. neighborhoods.
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 Indiana Ave / E 60th St neighborhood has more single mother
households than 99.7% 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 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.
The S Indiana Ave / E 60th St neighborhood also has a greater percentage
of children living in poverty (68.0%) than found in
97.5% 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.
Also, neighborhoodScout's exclusive research revealed that 95.7%
of the adult residents in the S Indiana Ave / E 60th St neighborhood do
not have a 4-year college degree, which is a lower rate of college graduated
adults than found in 96.5% of the neighborhoods in America.
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
Do you like to be surrounded by people from all over the country or world,
with different perspectives and life experiences? Or do you instead prefer
to be in a neighborhood where most residents have lived there for a long
time, creating a sense of cohesiveness? NeighborhoodScout's analysis
reveals that this neighborhood stands out among American neighborhoods
for the uniqueness of the mobility of its residents.
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
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 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
A neighborhood is far different if it is dominated by enlisted military personnel
rather than people who earn their living by farming. It is also different if
most of the neighbors are clerical support or managers. What is wonderful is
the shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
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 shared learned behavior. We learn it from our parents, their parents,
our houses of worship, and much of our culture – our learned behavior - comes
from our ancestors. That is why ancestry and ethnicity can be so interesting
and important to understand: places with concentrations of people of one or
more ancestries often express those shared learned behaviors and this gives
each neighborhood its own culture. Even different neighborhoods in the same
city can have drastically different cultures.
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
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 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.