Median real estate price in the Village Center of Melrose Park is $287,948, which is more expensive than 47.8% of the neighborhoods in Illinois and 35.7% of the neighborhoods in the U.S.
The average rental price in Melrose Park Village Center is currently $2,058, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 43.8% of Illinois neighborhoods.
Melrose Park Village Center is a densely urban neighborhood (based on population density) located in Melrose Park, Illinois.
Real estate in the Village Center of Melrose Park, IL is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) small apartment buildings and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Village Center 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.
Melrose Park Village Center has a 15.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 79.0% 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.
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 Melrose Park, the Village Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
NeighborhoodScout's exclusive research identifies the Melrose Park Village Center neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 57.0% of its working residents employed in such fields, which is a higher proportion than 99.7% of American neighborhoods.
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 Melrose Park Village Center 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, 64.2% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.5% 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 NeighborhoodScout's exclusive and first quantitative walkable score index, the Melrose Park Village Center neighborhood is one of the most walkable neighborhoods in America.
The Melrose Park Village Center neighborhood is unique for having just 3.9% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 97.9% of America's neighborhoods.
Our research shows that more people carpool to work here in the Melrose Park Village Center (23.7%) than in 96.3% of the neighborhoods in America.
Did you know that the Melrose Park Village Center neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 85.2% of this neighborhood's residents have Mexican ancestry.
Melrose Park Village Center is also pretty special linguistically. Significantly, 78.5% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.4% of all U.S. neighborhoods.
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 Village Center neighborhood in Melrose Park are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 45.7% of the neighborhoods in America. With 20.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 69.5% 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 Melrose Park Village Center neighborhood, 57.0% 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 19.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.2%), and 9.2% in executive, management, and professional occupations.
The most common language spoken in the Melrose Park Village Center neighborhood is Spanish, spoken by 78.5% of households. Some people also speak English (20.1%).
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 Village Center neighborhood in Melrose Park, IL, residents most commonly identify their ethnicity or ancestry as Mexican (85.2%). There are also a number of people of Italian ancestry (5.6%), and residents who report Puerto Rican roots (3.4%), and some of the residents are also of South American ancestry (1.6%), along with some English ancestry residents (1.5%), among others. In addition, 37.7% 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 Melrose Park Village Center neighborhood spend between 15 and 30 minutes commuting one-way to work (39.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (68.2%) 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 (23.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.