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Real Estate Prices & Overview

Hermosa North median real estate price is $339,535, which is more expensive than 64.4% of the neighborhoods in Illinois and 49.4% of the neighborhoods in the U.S.

The average rental price in Hermosa North is currently $1,773, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 51.7% of Illinois neighborhoods.

Hermosa North is a densely urban neighborhood (based on population density) located in Chicago, Illinois.

Hermosa North real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 Hermosa North neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Home and apartment vacancy rates are 8.8% in Hermosa North. NeighborhoodScout analysis shows that this rate is lower than 45.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 get around.

Real Estate

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 Hermosa North neighborhood is one of the most walkable neighborhoods in America.

Diversity

Did you know that the Hermosa North neighborhood has more Puerto Rican and Yugoslav ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 19.7% of this neighborhood's residents have Puerto Rican ancestry and 1.1% have Yugoslav ancestry.

Hermosa North is also pretty special linguistically. Significantly, 5.1% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 98.0% of the neighborhoods in America.

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 Hermosa North 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 46.1% of the neighborhoods in America. With 16.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 61.2% of U.S. neighborhoods.

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 Hermosa North neighborhood, 32.0% 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 30.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (24.2%), and 13.8% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Hermosa North neighborhood is Spanish, spoken by 64.7% of households. Other important languages spoken here include English, Polish and Tagalog (the first language of the Philippine region).

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 Hermosa North neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Mexican (43.5%). There are also a number of people of Puerto Rican ancestry (19.7%), and residents who report Asian roots (8.3%), and some of the residents are also of South American ancestry (7.1%), along with some German ancestry residents (4.0%), among others. In addition, 35.9% of the residents of this neighborhood were born in another country.

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 Hermosa North neighborhood spend between 45 minutes and one hour commuting one-way to work (32.0% of working residents), longer and tougher than most commutes in America.

Here most residents (64.7%) 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 (14.4%) and 7.4% 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.


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