W Waveland Ave / N Bosworth Ave median real estate price is $911,587, which is more expensive than 96.2% of the neighborhoods in Illinois and 87.1% of the neighborhoods in the U.S.
The average rental price in W Waveland Ave / N Bosworth Ave is currently $3,189, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 88.4% of the neighborhoods in Illinois.
W Waveland Ave / N Bosworth Ave is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
W Waveland Ave / N Bosworth 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 occupied by a mixture of owners and renters. Many of the residences in the W Waveland Ave / N Bosworth 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 2000 and the present.
Real estate vacancies in W Waveland Ave / N Bosworth Ave are 5.0%, which is lower than one will find in 66.5% of American neighborhoods. Demand for real estate in W Waveland Ave / N Bosworth 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.
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.
People
Wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the W Waveland Ave / N Bosworth Ave neighborhood is wealthier than 95.5% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood. As one would expect in a considerably wealthy neighborhood such as this, W Waveland Ave / N Bosworth Ave also has one of the lowest ratings of child poverty in the nation.
In addition, think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the W Waveland Ave / N Bosworth Ave neighborhood: a neighborhood in which more "urban sophisticates" live than 99.5% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for young, single professionals.
Also, the rate of college educated adults in the W Waveland Ave / N Bosworth Ave neighborhood is a unique characteristic of the neighborhood. 85.2% 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 99.1% of all U.S. neighborhoods.
Modes of Transportation
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 4.9% of residents in the W Waveland Ave / N Bosworth Ave neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 98.1% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Also, in the W Waveland Ave / N Bosworth Ave neighborhood, 25.5% 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 97.8% of the neighborhoods in America.
Finally, a unique way of commuting is simply not to. And in the W Waveland Ave / N Bosworth Ave neighborhood, analysis shows that 29.8% 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 96.8% 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.
Occupations
The W Waveland Ave / N Bosworth Ave neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 98.1% of the neighborhoods in America. In fact, 76.1% 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.
Real Estate
If you like crowded places, then you will probably enjoy the the W Waveland Ave / N Bosworth Ave neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.9% of neighborhoods in the U.S., with 29,555 people per square mile living here. 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 Waveland Ave / N Bosworth Ave neighborhood is one of the most walkable neighborhoods in America.
Car Ownership
Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the W Waveland Ave / N Bosworth Ave neighborhood have a highly unusual car ownership. 22.5% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.9% of U.S. neighborhoods.
Diversity
Did you know that the W Waveland Ave / N Bosworth Ave neighborhood has more Croatian and Polish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.3% of this neighborhood's residents have Croatian ancestry and 11.0% have Polish ancestry.
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 Waveland Ave / N Bosworth Ave neighborhood in Chicago are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 95.5% 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 Waveland Ave / N Bosworth Ave neighborhood, 76.1% 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 18.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (2.8%), and 2.3% in manufacturing and laborer occupations.
Languages
The most common language spoken in the W Waveland Ave / N Bosworth Ave neighborhood is English, spoken by 89.9% of households. Some people also speak Spanish (6.1%).
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 Waveland Ave / N Bosworth Ave neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Irish (22.5%). There are also a number of people of German ancestry (14.4%), and residents who report English roots (11.5%), and some of the residents are also of Polish ancestry (11.0%), along with some Italian ancestry residents (8.8%), among others.
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 W Waveland Ave / N Bosworth Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (37.1% of working residents), longer and tougher than most commutes in America.
Here most residents (26.7%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (25.5%) and 5.2% 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.
