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Real Estate Prices & Overview

Tolleston Park median real estate price is $115,604, which is less expensive than 84.3% of Indiana neighborhoods and 92.0% of all U.S. neighborhoods.

The average rental price in Tolleston Park is currently $1,784, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 79.1% of the neighborhoods in Indiana.

Tolleston Park is a suburban neighborhood (based on population density) located in Gary, Indiana.

Tolleston Park real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Tolleston Park neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Tolleston Park has a 15.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 78.5% 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.

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 Gary, the Tolleston Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

The Tolleston Park neighborhood has a greater percentage of children living in poverty (65.0%) than found in 97.8% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

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 Tolleston Park neighborhood in Gary are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 77.5% of U.S. neighborhoods. With 65.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.8% of U.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 Tolleston Park neighborhood, 33.3% of the working population is employed in clerical, assistant, and tech support 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 25.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (21.7%), and 20.0% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Tolleston Park neighborhood is English, spoken by 98.4% of households.

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 Tolleston Park neighborhood in Gary, IN, residents most commonly identify their ethnicity or ancestry as Puerto Rican (4.2%). There are also a number of people of Sub-Saharan African ancestry (2.9%), and residents who report Mexican roots (1.5%).

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 Tolleston Park neighborhood spend between 15 and 30 minutes commuting one-way to work (47.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (74.6%) 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 (17.8%) . 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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