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Real Estate Prices & Overview

Franklin Square / Illinois Wesleyan University median real estate price is $239,142, which is more expensive than 39.7% of the neighborhoods in Illinois and 28.6% of the neighborhoods in the U.S.

The average rental price in Franklin Square / Illinois Wesleyan University is currently $1,485, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 69.2% of Illinois neighborhoods.

Franklin Square / Illinois Wesleyan University is an urban neighborhood (based on population density) located in Bloomington, Illinois.

Franklin Square / Illinois Wesleyan 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 Franklin Square / Illinois Wesleyan University 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 Franklin Square / Illinois Wesleyan University. The current real estate vacancy rate here is 21.9%. This is higher than the rate of vacancies in 89.1% 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.

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 Bloomington, the Franklin Square / Illinois Wesleyan University neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

In the Franklin Square / Illinois Wesleyan 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 40.4% 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, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.5% of residents in the Franklin Square / Illinois Wesleyan University neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 96.6% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

People

NeighborhoodScout's analysis shows that the Franklin Square / Illinois Wesleyan University neighborhood has a greater concentration of residents currently enrolled in college than 99.6% of the neighborhoods in the U.S. With 70.2% of the population here attending college, this is very much a college-focused neighborhood.

In addition, one of the really interesting characteristics about the Franklin Square / Illinois Wesleyan 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 1.1% of college-friendly places to live in the state of Illinois.

Also, one of the unique characteristics of the Franklin Square / Illinois Wesleyan University neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 95.4% of the neighborhoods in America.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Franklin Square / Illinois Wesleyan University neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Franklin Square / Illinois Wesleyan University neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 73.7% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 99.0% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Real Estate

91.9% of the real estate in the Franklin Square / Illinois Wesleyan University neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Franklin Square / Illinois Wesleyan University neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.2% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

Diversity

Did you know that the Franklin Square / Illinois Wesleyan University neighborhood has more Yugoslav and Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.9% of this neighborhood's residents have Yugoslav ancestry and 1.0% have Canadian 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 Franklin Square / Illinois Wesleyan University neighborhood in Bloomington are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.4% of U.S. neighborhoods. In addition, 5.5% 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 63.0% of America'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 Franklin Square / Illinois Wesleyan University neighborhood, 38.8% 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 31.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.0%), and 13.5% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Franklin Square / Illinois Wesleyan University neighborhood is English, spoken by 87.3% of households. Some people also speak Spanish (6.5%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Franklin Square / Illinois Wesleyan University neighborhood in Bloomington, IL, residents most commonly identify their ethnicity or ancestry as German (22.3%). There are also a number of people of Irish ancestry (14.2%), and residents who report Italian roots (9.1%), and some of the residents are also of Polish ancestry (7.9%), along with some English ancestry residents (6.8%), among others.

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 Franklin Square / Illinois Wesleyan University neighborhood spend under 15 minutes commuting one-way to work (73.7% of working residents), one of the shortest commutes across America.

Here most residents (40.4%) 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 (35.3%) and 7.6% of residents also carpool with coworkers, friends, or neighbors 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.


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