N Sheridan Rd / W Balmoral Ave median real estate price is $218,824, which is more expensive than 32.0% of the neighborhoods in Illinois and 22.8% of the neighborhoods in the U.S.
The average rental price in N Sheridan Rd / W Balmoral Ave is currently $2,403, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.5% of the neighborhoods in Illinois.
N Sheridan Rd / W Balmoral Ave is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
N Sheridan Rd / W Balmoral Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the N Sheridan Rd / W Balmoral Ave neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Home and apartment vacancy rates are 7.0% in N Sheridan Rd / W Balmoral Ave. NeighborhoodScout analysis shows that this rate is lower than 52.7% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 N Sheridan Rd / W Balmoral Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 270,945 people per square mile, it is more densely populated than 100.0% of America's neighborhoods.
In addition, the N Sheridan Rd / W Balmoral Ave neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 99.2% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Furthermore, one of the really unique and interesting things about the look and setting of the N Sheridan Rd / W Balmoral Ave neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 98.5% 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 99.7% of all neighborhoods in America.
One of the most interesting things about the N Sheridan Rd / W Balmoral Ave neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 66.9% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 99.5% of the neighborhoods in America.
In addition, if you're planning where to retire, the N Sheridan Rd / W Balmoral Ave neighborhood in Chicago is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in IL, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 87.6% of the neighborhoods in Illinois. If you are considering retiring to Illinois, this is a good neighborhood to look at.
Our research revealed that more commuters here take the bus to work (14.3% ride the bus) than 97.3% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.
Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 11.1% of the N Sheridan Rd / W Balmoral Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 95.8% of America's neighborhoods.
American households most often have a car, and regularly they have two or three. But households in the N Sheridan Rd / W Balmoral Ave neighborhood buck this trend. 20.4% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.3% of U.S. neighborhoods.
The N Sheridan Rd / W Balmoral Ave neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 95.0% of the neighborhoods in America. In fact, 70.0% 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.
Did you know that the N Sheridan Rd / W Balmoral Ave neighborhood has more Yugoslav and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.6% of this neighborhood's residents have Yugoslav ancestry and 9.1% have Iranian ancestry.
N Sheridan Rd / W Balmoral Ave is also pretty special linguistically. Significantly, 1.7% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 98.8% of the neighborhoods in America.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the N Sheridan Rd / W Balmoral Ave neighborhood has a greater percentage of residents born in another country (48.9%) than are found in 97.3% of all U.S. neighborhoods.
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 N Sheridan Rd / W Balmoral Ave neighborhood in Chicago are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 70.0% of U.S. neighborhoods. With 45.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 92.2% 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 N Sheridan Rd / W Balmoral Ave neighborhood, 70.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 17.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (7.6%), and 4.6% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
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 N Sheridan Rd / W Balmoral Ave neighborhood is English, spoken by 48.5% of households. Other important languages spoken here include Spanish, Langs. of India, Polish and African languages.
Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the N Sheridan Rd / W Balmoral Ave neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Asian (29.6%). There are also a number of people of Mexican ancestry (11.0%), and residents who report Irania roots (9.1%), and some of the residents are also of German ancestry (7.3%), along with some English ancestry residents (7.0%), among others. In addition, 48.9% of the residents of this neighborhood were born in another country.
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 N Sheridan Rd / W Balmoral Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (31.5% of working residents), longer and tougher than most commutes in America.
Here most residents (41.4%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (14.3%) and 11.1% of residents also take the train 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.
