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Real Estate Prices & Overview

W Wabansia Ave / N Francisco Ave median real estate price is $852,605, which is more expensive than 97.0% of the neighborhoods in Illinois and 88.4% of the neighborhoods in the U.S.

The average rental price in W Wabansia Ave / N Francisco Ave is currently $2,359, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 73.1% of the neighborhoods in Illinois.

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

W Wabansia Ave / N Francisco 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 Wabansia Ave / N Francisco 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.

Home and apartment vacancy rates are 9.3% in W Wabansia Ave / N Francisco Ave. NeighborhoodScout analysis shows that this rate is lower than 41.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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.

Real Estate

If you like crowded places, then you will probably enjoy the the W Wabansia Ave / N Francisco Ave neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.3% of neighborhoods in the U.S., with 26,230 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 Wabansia Ave / N Francisco Ave neighborhood is one of the most walkable neighborhoods in America.

In addition, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the W Wabansia Ave / N Francisco Ave neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 35.1% of the real estate here is made up of such dwellings, which is higher than 96.0% of all U.S. neighborhoods.

Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 56.4% of the residential real estate in the W Wabansia Ave / N Francisco Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 95.6% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

People

If you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the W Wabansia Ave / N Francisco Ave neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 97.8% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the W Wabansia Ave / N Francisco Ave neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for highly educated executives and college students.

In addition, the rate of college educated adults in the W Wabansia Ave / N Francisco Ave neighborhood is a unique characteristic of the neighborhood. 76.2% 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 96.6% of all U.S. neighborhoods.

Also, there is an especially high percentage of incarcerated people (1.1%) living in the W Wabansia Ave / N Francisco Ave neighborhood.

Modes of Transportation

In the W Wabansia Ave / N Francisco Ave neighborhood, 15.2% 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 96.5% of the neighborhoods in America.

Diversity

Did you know that the W Wabansia Ave / N Francisco Ave neighborhood has more Greek and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.1% of this neighborhood's residents have Greek ancestry and 11.1% have Puerto Rican ancestry.

The Neighbors

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 W Wabansia Ave / N Francisco 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 89.4% of the neighborhoods in America. With 12.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 55.3% 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 W Wabansia Ave / N Francisco Ave neighborhood, 66.2% 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 18.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.1%), and 6.5% in manufacturing and laborer occupations.

Languages

The most common language spoken in the W Wabansia Ave / N Francisco Ave neighborhood is English, spoken by 73.0% of households. Some people also speak Spanish (20.1%).

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 Wabansia Ave / N Francisco Ave neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as German (20.7%). There are also a number of people of Irish ancestry (13.0%), and residents who report Puerto Rican roots (11.1%), and some of the residents are also of Italian ancestry (9.3%), along with some Mexican ancestry residents (8.6%), among others. In addition, 10.8% of the residents of this neighborhood were born in another country.

Getting to Work

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 Wabansia Ave / N Francisco Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (38.0% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (48.1%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (15.2%) and 6.0% 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.


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