S University Ave / E 53rd St median real estate price is $387,811, which is more expensive than 67.6% of the neighborhoods in Illinois and 52.3% of the neighborhoods in the U.S.
The average rental price in S University Ave / E 53rd St is currently $3,172, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 86.7% of the neighborhoods in Illinois.
S University Ave / E 53rd St is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
S University Ave / E 53rd 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 townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the S University Ave / E 53rd 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 1970 and 1999.
S University Ave / E 53rd St has a 10.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 63.5% 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.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
People
Of note is NeighborhoodScout's research finding that the S University Ave / E 53rd St neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the S University Ave / E 53rd St community truly stands out from the rest in this regard.
In addition, if knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the S University Ave / E 53rd St neighborhood, where 60.9% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 99.8% of the neighborhoods in America.
Also, with a nice mix of college students, safety from crime, and decent walkability, the S University Ave / E 53rd St neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 89.5% of the neighborhoods in IL. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.
Occupations
Executives, managers and professionals make up 84.1% of the workforce in the S University Ave / E 53rd St neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 99.7% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Modes of Transportation
In the S University Ave / E 53rd St 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 29.3% of residents here. This is a higher proportion of walking commuters than we found in 99.1% 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 5.1% of residents in the S University Ave / E 53rd St neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 98.2% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Real Estate
If you like crowded places, then you will probably enjoy the the S University Ave / E 53rd St neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.9% of neighborhoods in the U.S., with 24,345 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 University Ave / E 53rd St neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, if you love row houses and attached homes, you will probably really like the S University Ave / E 53rd St neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 28.7% of the residential real estate here is classified as row houses and attached homes.
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the S University Ave / E 53rd St neighborhood buck this trend. 29.8% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.1% of U.S. neighborhoods.
Diversity
Did you know that the S University Ave / E 53rd St neighborhood has more Romanian and Slovak ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.3% of this neighborhood's residents have Romanian ancestry and 1.6% have Slovak ancestry.
S University Ave / E 53rd St is also pretty special linguistically. Significantly, 6.7% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 96.4% of the neighborhoods in America.
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 S University Ave / E 53rd 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 90.9% of U.S. neighborhoods. In addition, 0.0% 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 100.0% of America'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 University Ave / E 53rd St neighborhood, 84.1% 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 7.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (6.7%).
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 S University Ave / E 53rd St neighborhood is English, spoken by 67.4% of households. Other important languages spoken here include Spanish and Chinese.
Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the S University Ave / E 53rd St neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Asian (15.2%). There are also a number of people of German ancestry (13.5%), and residents who report Irish roots (7.9%), and some of the residents are also of English ancestry (6.6%), along with some Italian ancestry residents (5.6%), among others. In addition, 21.3% 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 S University Ave / E 53rd St neighborhood spend between 15 and 30 minutes commuting one-way to work (37.5% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (29.3%) 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 (18.5%) and 8.7% of residents also ride the bus 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.
