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Real Estate Prices & Overview

Downtown Geneva median real estate price is $501,774, which is more expensive than 85.7% of the neighborhoods in Illinois and 69.1% of the neighborhoods in the U.S.

The average rental price in Downtown Geneva is currently $2,774, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 82.8% of the neighborhoods in Illinois.

Downtown Geneva is a suburban neighborhood (based on population density) located in Geneva, Illinois.

Downtown Geneva 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 owner occupied. Many of the residences in the Downtown Geneva neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.

In Downtown Geneva, the current vacancy rate is 1.3%, which is a lower rate of vacancies than 90.2% of all neighborhoods in the U.S. This means that the housing supply in Downtown Geneva is very tight compared to the demand for property here.

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.

People

Of note is NeighborhoodScout's research finding that the Downtown Geneva neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Downtown Geneva community truly stands out from the rest in this regard.

Diversity

Did you know that the Downtown Geneva neighborhood has more French Canadian and Belgian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.2% of this neighborhood's residents have French Canadian ancestry and 0.6% have Belgian ancestry.

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 Downtown Geneva neighborhood in Geneva are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 85.8% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America'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 Downtown Geneva neighborhood, 54.0% of the working population is employed in executive, management, and professional 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 35.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (7.5%), and 3.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Downtown Geneva neighborhood is English, spoken by 84.5% of households. Some people also speak Spanish (10.3%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Downtown Geneva neighborhood in Geneva, IL, residents most commonly identify their ethnicity or ancestry as German (29.6%). There are also a number of people of Irish ancestry (19.7%), and residents who report English roots (13.2%), and some of the residents are also of Mexican ancestry (11.2%), along with some Polish ancestry residents (8.8%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Downtown Geneva neighborhood spend under 15 minutes commuting one-way to work (38.3% of working residents), one of the shortest commutes across America.

Here most residents (62.9%) 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 (7.9%) and 5.5% 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.


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