Bridgeport median real estate price is $477,967, which is more expensive than 79.3% of the neighborhoods in Illinois and 63.2% of the neighborhoods in the U.S.
The average rental price in Bridgeport is currently $2,394, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.4% of the neighborhoods in Illinois.
Bridgeport is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
Bridgeport real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Bridgeport neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Bridgeport are 3.3%, which is lower than one will find in 77.3% of American neighborhoods. Demand for real estate in Bridgeport is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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 Bridgeport neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
If you like crowded places, then you will probably enjoy the the Bridgeport neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.1% of neighborhoods in the U.S., with 24,943 people per square mile living here. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Bridgeport neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Bridgeport neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 46.7% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 98.1% of America's neighborhoods.
Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Bridgeport neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 57.3% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 95.9% of the neighborhoods in the United States.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 10.7% of the Bridgeport neighborhood's commuters ride the train to and from work each day, which is more than we found in 95.7% of America's neighborhoods.
Did you know that the Bridgeport neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 39.6% of this neighborhood's residents have Asian ancestry.
Bridgeport is also pretty special linguistically. Significantly, 28.8% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 99.6% of the neighborhoods in America.
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 Bridgeport 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 67.2% of U.S. neighborhoods. With 18.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 67.2% of U.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 Bridgeport neighborhood, 38.7% 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 33.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (17.1%), and 11.2% in clerical, assistant, and tech support occupations.
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 Bridgeport neighborhood is English, spoken by 44.1% of households. Other important languages spoken here include Chinese, Spanish and Polish.
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 Bridgeport neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Asian (39.6%). There are also a number of people of Mexican ancestry (15.7%), and residents who report Irish roots (7.7%), and some of the residents are also of Italian ancestry (6.8%), along with some Polish ancestry residents (5.2%), among others. In addition, 35.4% of the residents of this neighborhood were born in another country.
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 Bridgeport neighborhood spend between 15 and 30 minutes commuting one-way to work (43.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (49.3%) 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 (13.9%) and 10.7% 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.