Grant Park / DePaul University median real estate price is $1,052,523, which is more expensive than 98.2% of the neighborhoods in Illinois and 91.3% of the neighborhoods in the U.S.
The average rental price in Grant Park / DePaul University is currently $3,919, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 96.0% of the neighborhoods in Illinois.
Grant Park / DePaul University is an urban neighborhood (based on population density) located in Chicago, Illinois.
Grant Park / DePaul University 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Grant Park / DePaul University neighborhood are newer, built in 2000 or more recently. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in Grant Park / DePaul University. The current real estate vacancy rate here is 23.1%. This is higher than the rate of vacancies in 90.9% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (14.2%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually 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 NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Of note is NeighborhoodScout's research finding that the Grant Park / DePaul University neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Grant Park / DePaul University community truly stands out from the rest in this regard.
In addition, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 91.3% of the adults living in the Grant Park / DePaul University neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 99.8% of U.S. neighborhoods. In this way, this neighborhood truly stands out.
Also, one of the really interesting characteristics about the Grant Park / DePaul University neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 1.3% of college-friendly places to live in the state of Illinois. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for urban sophisticates and young, single professionals.
One of the really unique and interesting things about the look and setting of the Grant Park / DePaul University neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 98.5% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 99.7% of all neighborhoods in America.
In the Grant Park / DePaul University neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 41.0% of residents here. This is a higher proportion of walking commuters than we found in 99.6% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Also, in the Grant Park / DePaul University neighborhood, 10.3% 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 95.5% of the neighborhoods in America.
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Grant Park / DePaul University neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 97.1% of all American neighborhoods.
American households most often have a car, and regularly they have two or three. But households in the Grant Park / DePaul University neighborhood buck this trend. 28.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.0% of U.S. neighborhoods.
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Grant Park / DePaul University neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.0% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Significantly, 3.4% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 98.0% of the neighborhoods in America.
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 Grant Park / DePaul University 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 90.1% 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.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Grant Park / DePaul University neighborhood, 53.0% 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 40.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (3.4%), and 3.3% 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 Grant Park / DePaul University neighborhood is English, spoken by 76.1% of households. Other important languages spoken here include Spanish, Korean, Chinese and Langs. of India.
Ethnicity / Ancestry
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 Grant Park / DePaul University neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Asian (16.0%). There are also a number of people of Irish ancestry (10.2%), and residents who report German roots (9.8%), and some of the residents are also of English ancestry (8.2%), along with some Italian ancestry residents (6.7%), among others. In addition, 13.8% of the residents of this neighborhood were born in another country.
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 Grant Park / DePaul University neighborhood spend under 15 minutes commuting one-way to work (44.8% of working residents), one of the shortest commutes across America.
Here most residents (41.0%) hop out the door and walk to work to get to work. In addition, quite a number also drive alone in a private automobile to get to work (13.3%) and 10.3% of residents also take the train for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.
