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
Notable & Unique: People
Some neighborhoods have residents that are more educated than others. But
in this neighborhood there is a dramatic difference. NeighborhoodScout's
exclusive analysis reveals that 54.8% of the adults here have
earned a Masters degree, medical degree, Ph.D. or law degree. This is a
higher rate of people with a graduate degree than is found in
99.8% of U.S. neighborhoods, where the average American
neighborhood has 8.4% of its adults with a graduate degree. If you are
highly educated, you may have much in common with many of your neighbors here.
In addition, the types of households in a neighborhood can tell a lot about the character
and lifestyle of those living here. NeighborhoodScout's exclusive analysis
reveals that this neighborhood, above nearly every neighborhood in America,
has a greater percentage of its residents living alone: 56.6%. This
is a higher percent living alone than we found in 98.8% of
all U.S. neighborhoods. Often residents who live alone are new arrivals
to an area who are single, and often senior citizens who have lost a spouse.
Also, S Lake Shore Dr / E 57th St is ranked among the top 8.9%
of neighborhoods for first-time home buyers to consider
in the state of Illinois according to
NeighborhoodScout's exclusive analysis. Homes here are
priced below median housing values in the state, yet
maintain moderate appreciation rates compared to other
communities. Buying into the S Lake Shore Dr / E 57th St
neighborhood is not only an accessible option but an
investment opportunity for many first-time home buyers.
In addition to being an excellent choice for first-time home buyers, this
neighborhood is also a very good choice for urban sophisticates.
Notable & Unique: Modes of Transportation
More people ride the bus in this neighborhood each day to get to work
than 99.2% of U.S. neighborhoods.
Also, more people in S Lake Shore Dr / E 57th St choose to walk to work each day
(17.4%) than almost any neighborhood in America. If you are
attracted to the idea of being able to walk to work, this neighborhood
could be a good choice.
Finally, if your dream is to be able to ride your bike to work each day, look no
further than this unique neighborhood. With 3.8% of residents in
the S Lake Shore Dr / E 57th St neighborhood commuting on a bicycle to and
from work daily, this neighborhood has more bicycle commuters than
96.0% of all neighborhoods in the U.S., according to
NeighborhoodScout's exclusive analysis.
Notable & Unique: Occupations
The S Lake Shore Dr / E 57th St neighborhood has a higher proportion of
its residents employed as executives, managers and professionals than
98.5% of the neighborhoods in American. In fact, 71.9%
of the employed people here make a living as an executive, a manager, or
other professional. With such a high concentration, this truly shapes
the character of this neighborhood, and to a large degree defines what
this neighborhood is about.
Notable & Unique: Diversity
Did you know that the S Lake Shore Dr / E 57th St neighborhood has more
Eastern European and Ukrainian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 2.1% of
this neighborhood's residents have Eastern European ancestry and 1.8% have Ukrainian ancestry.
S Lake Shore Dr / E 57th St is also pretty special linguistically. Significantly, 1.8% of its residents five years old and above primarily
speak Russian at home. While this may seem like a small percentage, it is higher
than 96.2% of the neighborhoods in America.
Notable & Unique: Car Ownership
American households most often have a car, and regularly they have two or
three. But households in the S Lake Shore Dr / E 57th St neighborhood buck
31.1% of the households in this neighborhood don't own a car at
all. This is more carless households than NeighborhoodScout found in
96.9% of U.S. neighborhoods.
Notable & Unique: 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 S Lake Shore Dr / E 57th St neighborhood is one of the most walkable neighborhoods in America.
In addition, the real estate in the S Lake Shore Dr / E 57th St neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 94.2% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.1% of American neighborhoods.