S Exchange Ave / E 76th St median real estate price is $305,292, which is more expensive than 50.3% of the neighborhoods in Illinois and 38.4% of the neighborhoods in the U.S.
The average rental price in S Exchange Ave / E 76th St is currently $1,746, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 62.9% of Illinois neighborhoods.
S Exchange Ave / E 76th St is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
S Exchange Ave / E 76th St 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 S Exchange Ave / E 76th St 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 S Exchange Ave / E 76th St. The current real estate vacancy rate here is 23.5%. This is higher than the rate of vacancies in 91.2% 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.
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 Chicago, the S Exchange Ave / E 76th St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
One of the unique characteristics of the S Exchange Ave / E 76th St neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 96.5% of the neighborhoods in America. The S Exchange Ave / E 76th St neighborhood also has a greater percentage of children living in poverty (87.3%) than found in 99.7% 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.
More people ride the bus in this neighborhood each day to get to work than 98.7% of U.S. neighborhoods.
If you like crowded places, then you will probably enjoy the the S Exchange Ave / E 76th St neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.2% of neighborhoods in the U.S., with 25,763 people per square mile living here. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The S Exchange Ave / E 76th St neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, 92.9% of the real estate in the S Exchange Ave / E 76th St neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Furthermore, one of the really unique and interesting things about the look and setting of the S Exchange Ave / E 76th St neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 77.2% 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 96.3% of all neighborhoods in America.
Also of note, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The S Exchange Ave / E 76th St neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 59.0% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 96.4% of the neighborhoods in the United States.
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the S Exchange Ave / E 76th St neighborhood has a highly unusual pattern of car ownership. 36.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.8% of U.S. neighborhoods.
Did you know that the S Exchange Ave / E 76th St neighborhood has more Sub-Saharan African and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 27.0% of this neighborhood's residents have Sub-Saharan African ancestry and 10.4% have Jamaican ancestry.
S Exchange Ave / E 76th St is also pretty special linguistically. Significantly, 2.2% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 95.6% of the neighborhoods in America.
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 S Exchange Ave / E 76th St neighborhood in Chicago are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 96.5% of U.S. neighborhoods. With 87.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.7% 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 S Exchange Ave / E 76th St neighborhood, 39.3% 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 28.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (27.6%), and 5.0% in manufacturing and laborer occupations.
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 S Exchange Ave / E 76th St neighborhood is English, spoken by 88.4% of households. Other important languages spoken here include Spanish and African languages.
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 S Exchange Ave / E 76th St neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (27.0%). There are also a number of people of Mexican ancestry (12.2%), and residents who report Jamaican roots (10.4%), and some of the residents are also of Italian ancestry (1.1%), along with some Irish ancestry residents (1.1%), among others.
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 S Exchange Ave / E 76th St neighborhood spend between 30 and 45 minutes commuting one-way to work (48.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (41.7%) 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 (22.0%) and 19.9% of residents also ride the bus 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.