S Exchange Ave / E 76th St median real estate price is $287,581, which is more expensive than 50.2% of the neighborhoods in Illinois and 37.6% of the neighborhoods in the U.S.
The average rental price in S Exchange Ave / E 76th St is currently $1,821, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 55.7% of Illinois neighborhoods.
S Exchange Ave / E 76th St is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
S Exchange Ave / E 76th 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the S Exchange Ave / E 76th 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 1940 and 1969.
Vacant apartments or homes are a major fact of life in S Exchange Ave / E 76th St. The current real estate vacancy rate here is 24.3%. This is higher than the rate of vacancies in 91.3% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
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.
One of the unique characteristics of the S Exchange Ave / E 76th St neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 95.8% of the neighborhoods in America. Also of note, 85.9% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.
In addition, one of the most interesting things about the S Exchange Ave / E 76th St neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 51.3% 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 96.3% of the neighborhoods in America.
More people ride the bus in this neighborhood each day to get to work than 98.5% of U.S. neighborhoods.
If you like crowded places, then you will probably enjoy the the S Exchange Ave / E 76th St neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.2% of neighborhoods in the U.S., with 25,763 people per square mile living here. 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 S Exchange Ave / E 76th St neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, renter-occupied real estate is dominant in the S Exchange Ave / E 76th St neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 90.8%, which is higher than 97.0% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The S Exchange Ave / E 76th St neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 61.3% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 96.8% of the neighborhoods in the United States.
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 S Exchange Ave / E 76th St neighborhood have a highly unusual car ownership. 30.7% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.2% of U.S. neighborhoods.
Did you know that the S Exchange Ave / E 76th St neighborhood has more Sub-Saharan African and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 30.6% of this neighborhood's residents have Sub-Saharan African ancestry and 6.8% have Jamaican ancestry.
S Exchange Ave / E 76th St is also pretty special linguistically. Significantly, 2.2% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 95.6% 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 S Exchange Ave / E 76th St neighborhood in Chicago are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.8% of U.S. neighborhoods. With 85.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.6% 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 S Exchange Ave / E 76th St neighborhood, 30.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 29.3% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (27.2%), and 12.8% in manufacturing and laborer occupations.
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 S Exchange Ave / E 76th St neighborhood is English, spoken by 85.5% of households. Other important languages spoken here include Spanish and African languages.
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 S Exchange Ave / E 76th St neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (30.6%). There are also a number of people of Mexican ancestry (13.1%), and residents who report Jamaican roots (6.8%).
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 S Exchange Ave / E 76th St neighborhood spend between 45 minutes and one hour commuting one-way to work (32.6% of working residents), longer and tougher than most commutes in America.
Here most residents (56.4%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (19.6%) and 10.3% 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.