N Chicago St / Michigan Ave median real estate price is $749,649, which is more expensive than 38.1% of the neighborhoods in California and 81.9% of the neighborhoods in the U.S.
The average rental price in N Chicago St / Michigan Ave is currently $1,972, based on Ä¢¹½ÊÓÆµ's exclusive analysis. Rents here are currently lower in price than 91.1% of California neighborhoods.
N Chicago St / Michigan Ave is a densely urban neighborhood (based on population density) located in Los Angeles, California.
N Chicago St / Michigan 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 N Chicago St / Michigan Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
N Chicago St / Michigan Ave has a 12.9% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 73.6% 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 Ä¢¹½ÊÓÆµ's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
More people ride the bus in this neighborhood each day to get to work than 98.5% of U.S. neighborhoods.
96.2% of the real estate in the N Chicago St / Michigan Ave neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
In addition, the N Chicago St / Michigan 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 86.3% 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.
Furthermore, if you like crowded places, then you will probably enjoy the the N Chicago St / Michigan Ave neighborhood. According to Ä¢¹½ÊÓÆµ's exclusive data analysis, this neighborhood is more densely populated than 96.0% of neighborhoods in the U.S., with 24,609 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 Ä¢¹½ÊÓÆµ's exclusive and first quantitative walkable score index, the N Chicago St / Michigan Ave neighborhood is one of the most walkable neighborhoods in America.
More people work in manufacturing and as laborers here in the N Chicago St / Michigan Ave neighborhood than in 96.8% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.
With more than 1.9% of residents living with a same sex partner, N Chicago St / Michigan Ave is truly a neighborhood that stands out from the rest in this regard. In fact, exclusive analysis by Ä¢¹½ÊÓÆµ reveals that this neighborhood has a greater concentration of same sex couples than 96.8% of U.S. neighborhoods.
Did you know that the N Chicago St / Michigan Ave neighborhood has more Mexican and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 81.7% of this neighborhood's residents have Mexican ancestry and 1.7% have Armenian ancestry.
N Chicago St / Michigan Ave is also pretty special linguistically. Significantly, 82.2% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.9% of all U.S. neighborhoods.
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. Ä¢¹½ÊÓÆµ's research has revealed some interesting things about the rootedness of people in the N Chicago St / Michigan Ave neighborhood. What is interesting to note, is that the N Chicago St / Michigan Ave neighborhood has a greater percentage of residents born in another country (45.1%) than are found in 96.1% of all U.S. neighborhoods.
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 N Chicago St / Michigan Ave neighborhood in Los Angeles are lower-middle income, making it a below average income neighborhood. Ä¢¹½ÊÓÆµ's research shows that this neighborhood has an income lower than 74.9% of U.S. neighborhoods. With 36.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 87.2% of U.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 N Chicago St / Michigan Ave neighborhood, 44.0% of the working population is employed in manufacturing and laborer 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 24.9% of the residents employed. Other residents here are employed in executive, management, and professional occupations (18.9%), and 11.2% in clerical, assistant, and tech support occupations.
The most common language spoken in the N Chicago St / Michigan Ave neighborhood is Spanish, spoken by 82.2% of households. Some people also speak English (15.9%).
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 N Chicago St / Michigan Ave neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (81.7%). There are also a number of people of Armenian ancestry (1.7%), and residents who report German roots (1.1%). In addition, 45.1% 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 N Chicago St / Michigan Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (34.5% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (47.2%) 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 (20.8%) and 18.9% of residents also ride the bus 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.