W Surf St / N Cambridge Ave median real estate price is $678,484, which is more expensive than 77.6% of the neighborhoods in Illinois and 65.1% of the neighborhoods in the U.S.
The average rental price in W Surf St / N Cambridge Ave is currently $2,619, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 75.3% of the neighborhoods in Illinois.
W Surf St / N Cambridge Ave is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
W Surf St / N Cambridge Ave 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the W Surf St / N Cambridge Ave 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 W Surf St / N Cambridge Ave are 5.5%, which is lower than one will find in 62.9% of American neighborhoods. Demand for real estate in W Surf St / N Cambridge Ave 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.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
People
In a nation where 1 out of every 4 children lives in poverty, the W Surf St / N Cambridge Ave neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, the types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 65.5%. This is a higher percent living alone than we found in 99.5% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.
Also, the rate of college educated adults in the W Surf St / N Cambridge Ave neighborhood is a unique characteristic of the neighborhood. 83.0% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 34.3% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 98.6% of all U.S. neighborhoods.
Finally, a unique characteristic about the people in the W Surf St / N Cambridge Ave neighborhood is that a majority of them are young, single professionals. In fact, there are more young, single professionals in this one community than 97.1% of neighborhoods in the U.S. Here you'll find an active nightlife nearby with lots of opportunities to flirt and find romance.
Real Estate
The W Surf St / N Cambridge Ave 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 97.1% 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, what you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 78,188 people per square mile, it is more densely populated than 99.3% of America's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the W Surf St / N Cambridge Ave neighborhood is one of the most walkable neighborhoods in America.
Furthermore, one of the really unique and interesting things about the look and setting of the W Surf St / N Cambridge Ave neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 96.4% 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 99.3% of all neighborhoods in America.
Also of note, 87.6% of the real estate in the W Surf St / N Cambridge Ave neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the W Surf St / N Cambridge Ave neighborhood buck this trend. 57.7% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.1% of U.S. neighborhoods.
Modes of Transportation
Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the W Surf St / N Cambridge Ave neighborhood is a fantastic option for bicycle commuters, as 6.4% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 98.9% of the neighborhoods in America.
Also, our research revealed that more commuters here take the bus to work (19.8% ride the bus) than 98.6% 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.
Finally, in the W Surf St / N Cambridge Ave neighborhood, 17.9% 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 96.9% of the neighborhoods in America.
Occupations
The W Surf St / N Cambridge Ave neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 97.1% of the neighborhoods in America. In fact, 73.3% 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 Surf St / N Cambridge Ave neighborhood has more Yugoslav and Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.2% of this neighborhood's residents have Yugoslav ancestry and 1.9% have Austrian ancestry.
W Surf St / N Cambridge Ave is also pretty special linguistically. Significantly, 1.2% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 96.9% of the neighborhoods in America.
Migration / Stability
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the W Surf St / N Cambridge Ave neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.4% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
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 W Surf St / N Cambridge Ave neighborhood in Chicago are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 42.5% 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 W Surf St / N Cambridge Ave neighborhood, 73.3% 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 13.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.7%).
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 Surf St / N Cambridge Ave neighborhood is English, spoken by 76.2% of households. Other important languages spoken here include Spanish, Chinese and Polish.
Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the W Surf St / N Cambridge Ave neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as German (14.4%). There are also a number of people of Polish ancestry (9.7%), and residents who report Irish roots (8.9%), and some of the residents are also of Asian ancestry (7.9%), along with some Mexican ancestry residents (6.4%), among others. In addition, 22.2% 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 Surf St / N Cambridge Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (34.3% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (19.8%) ride the bus to get to work. In addition, quite a number also take the train to get to work (17.9%) and 14.3% of residents also drive alone in a private automobile for their daily commute. The bus provides a valuable service in the W Surf St / N Cambridge Ave 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.
