Many things matter about a neighborhood, but the first thing most people notice
is the way a neighborhood looks and its particular character. For example, one
might notice whether the buildings all date from a certain time period or whether
shop signs are in multiple languages. This particular neighborhood in Chicago,
the S Michigan Ave / E 46th St neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Car Ownership
Most American households own a car or other vehicle. Many own two cars
or perhaps three. In the United States, it is useful to have an automobile
not only for commuting, but also for shopping and getting to other services
one needs. But NeighborhoodScout's analysis revealed that households in
the S Michigan Ave / E 46th St neighborhood have a highly unusual car ownership.
Residents of this neighborhood must really love automobiles. NeighborhoodScout's
Analysis reveals that 39.4% of the households here have four, five,
or more cars. That is more cars per household than in 99.9% of
the neighborhoods in the nation.
Notable & Unique: People
Single parenting is hard. But you don't have to tell the
S Michigan Ave / E 46th St neighborhood about it; they already know. 34.4%
of this neighborhood's households are run by single mothers, which is a
higher concentration than NeighborhoodScout found in 99.8%
of American neighborhoods. Further NeighborhoodScout research showed strong
statistical correlations among high rates of children living in single
parent households, and neighborhood crime, particularly violent crime,
neighborhood poverty, and, importantly, the percentage of low weight births
and rates of infant mortality.
In addition, neighborhoodScout's exclusive research revealed that 97.3%
of the adult residents in the S Michigan Ave / E 46th St neighborhood do
not have a 4-year college degree, which is a lower rate of college graduated
adults than found in 98.3% of the neighborhoods in America.
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.
In the S Michigan Ave / E 46th St neighborhood, a greater proportion of
the residents living here today did not live here five years ago than is
found in 99.6% of U.S. Neighborhoods. This neighborhood,
more than almost any other in America, has new residents from other areas.
Notable & Unique: Occupations
More people work in manufacturing and as laborers here in the S Michigan Ave / E 46th St
neighborhood than in 99.1% of the neighborhoods in America. Despite
the loss of manufacturing jobs across the nation, this neighborhood remains
a place where, compared to other parts of the country, you will find many
laborers and manufacturers.
Notable & Unique: Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you.
NeighborhoodScout's research revealed that 41.3% of the
S Michigan Ave / E 46th St neighborhood's commuters ride the train to and from work each
day, which is more than we found in 98.2% of America's
Also, in the S Michigan Ave / E 46th St neighborhood, carpooling is still a popular
way to get to and from work. NeighborhoodScout's analysis reveals that
22.9% of commuters carpool here, which is more than in
97.3% of all U.S. neighborhoods.
Notable & Unique: Real Estate
In addition, renter-occupied real estate is dominant in the S Michigan Ave / E 46th St neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 83.9%, which is higher than 95.3% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so. Despite all of the residential real estate here in the S Michigan Ave / E 46th St neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 69.0%, which is higher than 99.7% of all U.S. neighborhoods.
Furthermore, one of the really unique and interesting things about the look and setting of the S Michigan Ave / E 46th St neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 77.7% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 97.0% of all neighborhoods in America.