Real Estate Prices and Overview
S Kedzie Ave / W 55th St median real estate prices are $161,121, which is more expensive than 49.7% of the neighborhoods
in Illinois and 50.2% of the
neighborhoods in the U.S.
Average rental prices in S Kedzie Ave / W 55th St are currently
$746, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 53.0% of Illinois neighborhoods.
S Kedzie Ave / W 55th St is a densely urban neighborhood (based on population
density) located in Chicago, Illinois.
S Kedzie Ave / W 55th St real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings.
Most of the residential real estate is occupied by a mixture of owners and renters. Many of
the residences in the S Kedzie Ave / W 55th St 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 1940 and 1969.
Real estate vacancies in S Kedzie Ave / W 55th St are 5.3%,
which is lower than one will find in 74.8% of American
neighborhoods. Demand for real estate in S Kedzie Ave / W 55th St
is above average for the U.S., and may signal some demand for either
price increases or new construction of residential product for this neighborhood.
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: Diversity
Did you know that the S Kedzie Ave / W 55th St neighborhood has more
Mexican ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 84.1% of
this neighborhood's residents have Mexican ancestry.
S Kedzie Ave / W 55th St is also pretty special linguistically. Significantly, 85.9% of its residents five years old and above primarily
speak Spanish at home. This is a higher percentage than 97.9% of all U.S. neighborhoods.
Notable & Unique: Modes of Transportation
Our research shows that more people carpool to work here in the
S Kedzie Ave / W 55th St (30.8%) than in 99.3% of the
neighborhoods in America.
Notable & Unique: Occupations
More people work in manufacturing and as laborers here in the S Kedzie Ave / W 55th St
neighborhood than in 98.7% of the neighborhoods in America. Despite
the loss of manufacturing jobs across the nation, this neighborhood remains
a place where, compared to other parts of the country, you will find many
laborers and manufacturers.
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.
What is interesting to note, is that the S Kedzie Ave / W 55th St
neighborhood has a greater percentage of residents born in another country
(54.2%) than are found in 98.5% of all U.S. neighborhoods.
Notable & Unique: Real Estate
If you like crowded places, then you will probably enjoy the S Kedzie Ave / W 55th St neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.9% of neighborhoods in the U.S., with 28,067 people per square mile living here. 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 Kedzie Ave / W 55th St neighborhood is one of the most walkable neighborhoods in America.
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 Kedzie Ave / W 55th St neighborhood in Chicago are lower-middle income, making it a below average income neighborhood.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 79.2% of U.S. neighborhoods.
With 29.7% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 72.9%
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 Kedzie Ave / W 55th St neighborhood, 46.7%
of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is
sales and service jobs, from major sales accounts, to working in fast food restaurants, with 33.2% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(10.5%), and 8.5% 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 Kedzie Ave / W 55th St neighborhood in Chicago, IL, residents
most commonly identify their ethnicity or ancestry as Mexican
(84.1%). There are also a number of people of Puerto Rican ancestry (1.9%) , and residents who report Irish roots (1.3%) . In addition, 54.2% of the residents of this neighborhood were born in another country.
The Neighbors: Languages
The most common language spoken in the S Kedzie Ave / W 55th St
neighborhood is Spanish, spoken by 85.9% of households. Some people also speak English (12.7%).
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 Kedzie Ave / W 55th St neighborhood spend
between 45 minutes and one hour commuting one-way to work (31.8% of working
residents), longer and tougher than most commutes in America.
Here most residents (51.4%) drive alone in a private automobile to get to work.
In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (30.8%) and 11.7% of residents also ride the bus 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.