Chatham median real estate price is $268,866, which is more expensive than 45.8% of the neighborhoods in Illinois and 33.7% of the neighborhoods in the U.S.
The average rental price in Chatham is currently $1,651, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 62.9% of Illinois neighborhoods.
Chatham is an urban neighborhood (based on population density) located in Chicago, Illinois.
Chatham real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Chatham neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Chatham has a 11.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 66.1% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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.
Of note is NeighborhoodScout's research finding that the Chatham 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 Chatham community truly stands out from the rest in this regard.
In addition, one of the most interesting things about the Chatham neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 51.4% 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 96.3% of the neighborhoods in America.
Also, according to NeighborhoodScout's research, Chatham is better suited for first-time home buyers than 87.6% of neighborhoods in the state. Most homes here are priced below the state's median house value, yet maintain comparably good appreciation rates over the last decade relative to other neighborhoods in Illinois. Along with an exclusive multi-metric measure of neighborhood quality developed by NeighborhoodScout that scores high here in this neighborhood, this means that buying into the neighborhood is not only an accessible option but considered a decent first time home buyer choice for building equity in your first home, while being in a quality neighborhood
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 18.5% of the Chatham neighborhood's commuters ride the train to and from work each day, which is more than we found in 97.0% of America's neighborhoods.
Also, a unique way of commuting is simply not to. And in the Chatham neighborhood, analysis shows that 27.2% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 95.1% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.
Did you know that the Chatham neighborhood has more African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.1% of this neighborhood's residents have African ancestry.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Chatham 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 83.6% 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 Chatham neighborhood, 54.7% 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 19.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (18.1%), and 8.9% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Chatham neighborhood is English, spoken by 93.6% of households. Some people also speak Spanish (6.4%).
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 Chatham neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (9.1%). There are also a number of people of African ancestry (9.1%), and residents who report South American roots (3.4%), and some of the residents are also of Mexican ancestry (1.4%).
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 Chatham neighborhood spend between 45 minutes and one hour commuting one-way to work (28.5% of working residents), longer and tougher than most commutes in America.
Here most residents (39.7%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (18.5%) and 9.8% of residents also carpool with coworkers, friends, or neighbors 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.