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Real Estate Prices & Overview

Illinois State University / Innovation District median real estate price is $269,388, which is more expensive than 50.3% of the neighborhoods in Illinois and 36.8% of the neighborhoods in the U.S.

The average rental price in Illinois State University / Innovation District is currently $1,999, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.5% of Illinois neighborhoods.

Illinois State University / Innovation District is a densely urban neighborhood (based on population density) located in Normal, Illinois.

Illinois State University / Innovation District real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Illinois State University / Innovation District neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Illinois State University / Innovation District. The current real estate vacancy rate here is 28.1%. This is higher than the rate of vacancies in 93.8% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

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 Normal, the Illinois State University / Innovation District neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

One of the unique characteristics of the Illinois State University / Innovation District neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 100.0% of the neighborhoods in America. Also of note is NeighborhoodScout's research finding that the Illinois State University / Innovation District 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 Illinois State University / Innovation District community truly stands out from the rest in this regard.

In addition, neighborhoodScout's analysis shows that the Illinois State University / Innovation District neighborhood has a greater concentration of residents currently enrolled in college than 99.9% of the neighborhoods in the U.S. With 97.8% of the population here attending college, this is very much a college-focused neighborhood.

Also, one of the really interesting characteristics about the Illinois State University / Innovation District neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 0.2% of college-friendly places to live in the state of Illinois.

Modes of Transportation

More people in Illinois State University / Innovation District choose to walk to work each day (45.1%) 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.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Illinois State University / Innovation District neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 78.5% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 99.5% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Illinois State University / Innovation District neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 99.4% of all American neighborhoods.

Real Estate

100.0% of the real estate in the Illinois State University / Innovation District neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

In addition, one of the really unique and interesting things about the look and setting of the Illinois State University / Innovation District neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 91.3% 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 98.4% of all neighborhoods in America.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Illinois State University / Innovation District neighborhood. In the Illinois State University / Innovation District neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.1% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

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 Illinois State University / Innovation District neighborhood in Normal are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. 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.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Illinois State University / Innovation District neighborhood, 50.8% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 29.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.6%), and 6.6% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Illinois State University / Innovation District neighborhood is English, spoken by 90.7% of households. Some people also speak Spanish (5.7%).

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 Illinois State University / Innovation District neighborhood in Normal, IL, residents most commonly identify their ethnicity or ancestry as German (19.8%). There are also a number of people of Irish ancestry (12.2%), and residents who report Polish roots (8.8%), and some of the residents are also of Italian ancestry (8.7%), along with some Mexican ancestry residents (5.6%), 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 Illinois State University / Innovation District neighborhood spend under 15 minutes commuting one-way to work (78.5% of working residents), one of the shortest commutes across America.

Here most residents (45.1%) hop out the door and walk to work to get to work. In addition, quite a number also drive alone in a private automobile to get to work (23.1%) . This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.


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