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Real Estate Prices & Overview

Ashburn median real estate price is $242,705, which is more expensive than 44.2% of the neighborhoods in Illinois and 31.6% of the neighborhoods in the U.S.

The average rental price in Ashburn is currently $2,786, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 83.3% of the neighborhoods in Illinois.

Ashburn is a suburban neighborhood (based on population density) located in Chicago, Illinois.

Ashburn real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Ashburn neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Ashburn are 4.9%, which is lower than one will find in 67.0% of American neighborhoods. Demand for real estate in Ashburn 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.

Real Estate

Most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Ashburn neighborhood, is that an incredible 87.7% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 95.7% of U.S. neighborhoods.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Ashburn neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 10.1% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 95.6% of all neighborhoods in America.

People

An extraordinary 10.9% of the residents of the Ashburn neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

In addition, with a nice mix of college students, safety from crime, and decent walkability, the Ashburn neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 85.3% of the neighborhoods in IL. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Diversity

Did you know that the Ashburn neighborhood has more Native American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.4% of this neighborhood's residents have Native American ancestry.

The Neighbors

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 Ashburn neighborhood in Chicago are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 58.0% of the neighborhoods in America. With 24.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 74.7% of U.S. neighborhoods.

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 Ashburn neighborhood, 30.7% 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 27.1% of the residents employed. Other residents here are employed in executive, management, and professional occupations (26.4%), and 15.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Ashburn neighborhood is English, spoken by 65.4% of households. Some people also speak Spanish (31.7%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Ashburn neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Mexican (31.9%). There are also a number of people of South American ancestry (3.7%), and residents who report Native American roots (2.4%), and some of the residents are also of Irish ancestry (1.2%). In addition, 18.5% of the residents of this neighborhood were born in another country.

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 Ashburn neighborhood spend between 45 minutes and one hour commuting one-way to work (39.9% of working residents), longer and tougher than most commutes in America.

Here most residents (70.5%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (11.5%) and 9.4% 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.


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