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Real Estate Prices & Overview

W Pierce Ave / N St Louis Ave median real estate price is $450,789, which is more expensive than 81.7% of the neighborhoods in Illinois and 64.2% of the neighborhoods in the U.S.

The average rental price in W Pierce Ave / N St Louis Ave is currently $1,489, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 66.6% of Illinois neighborhoods.

W Pierce Ave / N St Louis Ave is a densely urban neighborhood (based on population density) located in Chicago, Illinois.

W Pierce Ave / N St Louis Ave 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 W Pierce Ave / N St Louis Ave 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.

Home and apartment vacancy rates are 6.5% in W Pierce Ave / N St Louis Ave. NeighborhoodScout analysis shows that this rate is lower than 57.0% 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 W Pierce Ave / N St Louis Ave neighborhood is one of the most walkable neighborhoods in America.

In addition, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the W Pierce Ave / N St Louis Ave neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 39.3% of the real estate here is made up of such dwellings, which is higher than 96.9% of all U.S. neighborhoods.

Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The W Pierce Ave / N St Louis Ave neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 79.1% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 99.6% of the neighborhoods in the United States.

Modes of Transportation

In the W Pierce Ave / N St Louis Ave neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 23.6% of commuters carpool here, which is more than in 96.3% of all U.S. neighborhoods.

Diversity

Did you know that the W Pierce Ave / N St Louis Ave neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.3% of this neighborhood's residents have Dominican ancestry and 10.5% have Puerto Rican ancestry.

W Pierce Ave / N St Louis Ave is also pretty special linguistically. Significantly, 1.1% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 97.4% of the neighborhoods in America.

The Neighbors

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 W Pierce Ave / N St Louis Ave 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 45.3% of the neighborhoods in America. With 30.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 82.0% 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 W Pierce Ave / N St Louis Ave neighborhood, 38.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 30.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.9%), and 11.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the W Pierce Ave / N St Louis Ave neighborhood is Spanish, spoken by 67.6% of households. Some people also speak English (32.4%).

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 W Pierce Ave / N St Louis Ave neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Mexican (54.2%). There are also a number of people of Puerto Rican ancestry (10.5%), and residents who report Dominican roots (8.3%), and some of the residents are also of German ancestry (5.2%), along with some English ancestry residents (4.1%), among others. In addition, 37.3% 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 W Pierce Ave / N St Louis Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (31.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (63.0%) 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 (23.6%) and 7.7% 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.


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