N Fairfield Ave / W Altgeld St median real estate price is $485,527, which is more expensive than 81.6% of the neighborhoods in Illinois and 64.9% of the neighborhoods in the U.S.
The average rental price in N Fairfield Ave / W Altgeld St is currently $3,199, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 88.6% of the neighborhoods in Illinois.
N Fairfield Ave / W Altgeld St is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
N Fairfield Ave / W Altgeld St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the N Fairfield Ave / W Altgeld 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.
N Fairfield Ave / W Altgeld St has a 12.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 71.6% 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.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
Real Estate
Corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the N Fairfield Ave / W Altgeld St neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 47.3% of the real estate here is made up of such dwellings, which is higher than 98.1% of all U.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 N Fairfield Ave / W Altgeld St neighborhood is one of the most walkable neighborhoods in America.
Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 58.6% of the residential real estate in the N Fairfield Ave / W Altgeld St neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.1% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 22.6% of the N Fairfield Ave / W Altgeld St neighborhood's commuters ride the train to and from work each day, which is more than we found in 97.5% of America's neighborhoods.
People
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 75.6% of the adults living in the N Fairfield Ave / W Altgeld St neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 96.3% of U.S. neighborhoods. In this way, this neighborhood truly stands out.
In addition, if you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the N Fairfield Ave / W Altgeld St neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 95.7% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the N Fairfield Ave / W Altgeld St neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for young, single professionals.
Diversity
Did you know that the N Fairfield Ave / W Altgeld St neighborhood has more Polish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.5% of this neighborhood's residents have Polish ancestry.
N Fairfield Ave / W Altgeld St is also pretty special linguistically. Significantly, 3.8% 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 98.3% 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 N Fairfield Ave / W Altgeld St neighborhood in Chicago are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 76.3% of the neighborhoods in America. With 19.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 67.4% 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 N Fairfield Ave / W Altgeld St neighborhood, 66.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 13.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (9.8%), and 9.6% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
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 N Fairfield Ave / W Altgeld St neighborhood is English, spoken by 72.8% of households. Other important languages spoken here include Spanish, Korean and French.
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 N Fairfield Ave / W Altgeld St neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as German (16.6%). There are also a number of people of Irish ancestry (12.6%), and residents who report Mexican roots (11.8%), and some of the residents are also of Polish ancestry (11.5%), along with some Italian ancestry residents (10.2%), among others. In addition, 13.1% 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 N Fairfield Ave / W Altgeld St neighborhood spend between 30 and 45 minutes commuting one-way to work (35.4% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (42.6%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (22.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
