Real Estate Prices and Overview
N 19th Ave / W Lake St median real estate prices are $230,083, which is more expensive than 72.0% of the neighborhoods
in Illinois and 67.6% of the
neighborhoods in the U.S.
Average rental prices in N 19th Ave / W Lake St are currently
$931, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 45.0% of Illinois neighborhoods.
N 19th Ave / W Lake St is a densely urban neighborhood (based on population
density) located in Melrose Park, Illinois.
N 19th Ave / W Lake St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and single-family homes.
Most of the residential real estate is occupied by a mixture of owners and renters. Many of
the residences in the N 19th Ave / W Lake 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.
N 19th Ave / W Lake St has a 15.8% vacancy rate, which is
well above average compared to other U.S. neighborhoods (higher than
76.0% of American neighborhoods). This could either
signal that there is weak demand for real estate in the neighborhood,
or that much of the housing stock is seasonally occupied,
which can occur in some markets dominated by colleges or vacation homes.
Either way, if you live here year round, you will find many of the homes
or apartments are empty for all or a portion of the year.
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: Occupations
NeighborhoodScout's exclusive research identifies the N 19th Ave / W Lake St
neighborhood as having one of the highest concentrations of people employed
in manufacturing or as laborers of any neighborhood in America. In fact,
despite the loss of manufacturing jobs nationally, this neighborhood has
52.2% of its working residents employed in such fields, which is a
higher proportion than 99.5% of American neighborhoods.
Notable & Unique: Modes of Transportation
In the N 19th Ave / W Lake St neighborhood, carpooling is still a popular
way to get to and from work. NeighborhoodScout's analysis reveals that
28.2% of commuters carpool here, which is more than in
98.8% of all U.S. neighborhoods.
Notable & Unique: Diversity
Did you know that the N 19th Ave / W Lake St neighborhood has more
Mexican ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 67.6% of
this neighborhood's residents have Mexican ancestry.
N 19th Ave / W Lake St is also pretty special linguistically. Significantly, 80.4% of its residents five years old and above primarily
speak Spanish at home. This is a higher percentage than 97.4% of all 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.
What is interesting to note, is that the N 19th Ave / W Lake St
neighborhood has a greater percentage of residents born in another country
(46.2%) than are found in 96.6% of all U.S. neighborhoods.
Notable & Unique: Real Estate
In addition, three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The N 19th Ave / W Lake St neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 41.4% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 96.6% of America's neighborhoods.
The Neighbors: Income
There are two complementary 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 N 19th Ave / W Lake St neighborhood in Melrose Park are middle-income, making it a moderate income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 51.0% of the neighborhoods in America.
With 20.0% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 58.3%
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 N 19th Ave / W Lake St neighborhood, 52.2%
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 20.6% of the residents employed.
Other residents here are employed in executive, management, and professional occupations
(14.0%), and 13.2% in clerical, assistant, and tech support 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 N 19th Ave / W Lake St neighborhood in Melrose Park, IL, residents
most commonly identify their ethnicity or ancestry as Mexican
(67.6%). There are also a number of people of Italian ancestry (7.7%) , and residents who report Puerto Rican roots (4.3%) , and some of the residents are also of Irish ancestry (1.9%) , along with some South American ancestry residents (1.2%), among others. In addition, 46.2% of the residents of this neighborhood were born in another country.
The Neighbors: Languages
The most common language spoken in the N 19th Ave / W Lake St
neighborhood is Spanish, spoken by 80.4% of households. Some people also speak English (19.0%).
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 N 19th Ave / W Lake St neighborhood spend
between 15 and 30 minutes commuting one-way to work (35.0% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (65.0%) 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 (28.2%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.