W Roscoe St / N Broadway St median real estate price is $609,083, which is more expensive than 73.5% of the neighborhoods in Illinois and 61.2% of the neighborhoods in the U.S.
The average rental price in W Roscoe St / N Broadway St is currently $2,456, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 72.5% of the neighborhoods in Illinois.
W Roscoe St / N Broadway St is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
W Roscoe St / N Broadway St 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 renter occupied. Many of the residences in the W Roscoe St / N Broadway St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Real estate vacancies in W Roscoe St / N Broadway St are 3.7%, which is lower than one will find in 75.7% of American neighborhoods. Demand for real estate in W Roscoe St / N Broadway St 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.
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.
Modes of Transportation
Our research revealed that more commuters here take the bus to work (35.3% ride the bus) than 99.8% 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, in the W Roscoe St / N Broadway St neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 31.8% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 97.7% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Finally, in the W Roscoe St / N Broadway St neighborhood, 10.5% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 95.2% of the neighborhoods in America.
People
One of the most interesting things about the W Roscoe St / N Broadway St neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 71.7% 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 99.8% of the neighborhoods in America.
In addition, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 73.9% of the adults living in the W Roscoe St / N Broadway St neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 95.6% of U.S. neighborhoods. In this way, this neighborhood truly stands out.
Car Ownership
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the W Roscoe St / N Broadway St neighborhood has a highly unusual pattern of car ownership. 54.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.0% of U.S. neighborhoods.
Real Estate
The W Roscoe St / N Broadway St 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 94.8% 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.
In addition, the W Roscoe St / N Broadway St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 58,568 persons per square mile in the neighborhood, it is more packed with people than 98.8% of the nation's neighborhoods. 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 W Roscoe St / N Broadway St neighborhood is among the top 5% of American neighborhoods in terms of walkability.
Furthermore, one of the really unique and interesting things about the look and setting of the W Roscoe St / N Broadway St neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 92.3% 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 98.6% of all neighborhoods in America.
Occupations
The W Roscoe St / N Broadway St neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 97.6% of the neighborhoods in America. In fact, 74.5% 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.
Diversity
Did you know that the W Roscoe St / N Broadway St neighborhood has more Croatian and Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.9% of this neighborhood's residents have Croatian ancestry and 2.1% have Canadian ancestry.
W Roscoe St / N Broadway St is also pretty special linguistically. Significantly, 2.8% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 96.2% of the neighborhoods in America.
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 W Roscoe St / N Broadway St 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 63.9% of U.S. neighborhoods. With 22.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 72.3% 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 W Roscoe St / N Broadway St neighborhood, 74.5% 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 19.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (3.8%), and 2.7% in manufacturing and laborer occupations.
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 W Roscoe St / N Broadway St neighborhood is English, spoken by 76.6% of households. Other important languages spoken here include Spanish, Chinese and Arabic.
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 W Roscoe St / N Broadway St neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as German (16.4%). There are also a number of people of Irish ancestry (11.4%), and residents who report English roots (10.4%), and some of the residents are also of Polish ancestry (7.3%), along with some Asian ancestry residents (6.1%), among others. In addition, 19.1% 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 W Roscoe St / N Broadway St neighborhood spend between 30 and 45 minutes commuting one-way to work (64.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (35.3%) ride the bus to get to work. In addition, quite a number also drive alone in a private automobile to get to work (16.6%) and 10.5% of residents also take the train for their daily commute. The bus provides a valuable service in the W Roscoe St / N Broadway St neighborhood of Chicago by getting a lot of residents to and from work daily, reducing the costs of commuting and reducing some congestion on the roads as well.
