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Real Estate Prices & Overview

N Hoyne Ave / W Huron St median real estate price is $650,690, which is more expensive than 86.4% of the neighborhoods in Illinois and 73.4% of the neighborhoods in the U.S.

The average rental price in N Hoyne Ave / W Huron St is currently $3,195, based on Ä¢¹½ÊÓÆµ's exclusive analysis. The average rental cost in this neighborhood is higher than 88.6% of the neighborhoods in Illinois.

N Hoyne Ave / W Huron St is a densely urban neighborhood (based on population density) located in Chicago, Illinois.

N Hoyne Ave / W Huron St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings 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 N Hoyne Ave / W Huron St 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.

Home and apartment vacancy rates are 5.8% in N Hoyne Ave / W Huron St. Ä¢¹½ÊÓÆµ analysis shows that this rate is lower than 59.8% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Chicago, the N Hoyne Ave / W Huron St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The N Hoyne Ave / W Huron St neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 57.7% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.1% of America's neighborhoods.

In addition, 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 Hoyne Ave / W Huron St neighborhood is one of the most walkable neighborhoods in America.

People

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 N Hoyne Ave / W Huron St neighborhood: a neighborhood in which more "urban sophisticates" live than 97.7% 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 and highly educated executives.

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 3.7% of residents in the N Hoyne Ave / W Huron St neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 96.9% of all neighborhoods in the U.S., according to Ä¢¹½ÊÓÆµ's exclusive analysis.

Also, in the N Hoyne Ave / W Huron St neighborhood, 10.3% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, Ä¢¹½ÊÓÆµ's analysis reveals that this is a higher level of train ridership than in 95.5% of the neighborhoods in America.

Occupations

Executives, managers and professionals make up 70.4% of the workforce in the N Hoyne Ave / W Huron St neighborhood which, according to Ä¢¹½ÊÓÆµ's exclusive analysis, is a higher proportion of such high-level people than is found in 95.2% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Diversity

Did you know that the N Hoyne Ave / W Huron St neighborhood has more Greek and Czechoslovakian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.8% of this neighborhood's residents have Greek ancestry and 0.5% have Czechoslovakian ancestry.

N Hoyne Ave / W Huron St is also pretty special linguistically. Significantly, 2.7% 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 96.0% of the neighborhoods in America.

The Neighbors

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 Hoyne Ave / W Huron St neighborhood in Chicago are wealthy, making it among the 15% highest income neighborhoods in America. Ä¢¹½ÊÓÆµ's exclusive analysis reveals that this neighborhood has a higher income than 85.8% of the neighborhoods in America. In addition, 8.4% 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 54.1% 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 N Hoyne Ave / W Huron St neighborhood, 70.4% 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 12.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (11.1%), and 6.2% 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 N Hoyne Ave / W Huron St neighborhood is English, spoken by 64.7% of households. Other important languages spoken here include Spanish and Arabic.

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 N Hoyne Ave / W Huron St neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Mexican (19.8%). There are also a number of people of Irish ancestry (15.9%), and residents who report German roots (15.0%), and some of the residents are also of Asian ancestry (10.6%), along with some Polish ancestry residents (8.3%), among others. In addition, 17.1% of the residents of this neighborhood were born in another country.

Getting to Work

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 N Hoyne Ave / W Huron St neighborhood spend between 15 and 30 minutes commuting one-way to work (36.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (45.1%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (10.3%) and 7.4% 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.


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