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Real Estate Prices & Overview

Jefferson Park West median real estate price is $490,509, which is more expensive than 80.0% of the neighborhoods in Illinois and 64.1% of the neighborhoods in the U.S.

The average rental price in Jefferson Park West is currently $2,641, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 76.4% of the neighborhoods in Illinois.

Jefferson Park West is a densely urban neighborhood (based on population density) located in Chicago, Illinois.

Jefferson Park West 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 owner occupied. Many of the residences in the Jefferson Park West neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Jefferson Park West has a 9.6% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 61.2% 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 Chicago, the Jefferson Park West neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the Jefferson Park West neighborhood: a neighborhood in which more "urban sophisticates" live than 95.0% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city.

Diversity

Did you know that the Jefferson Park West neighborhood has more Polish and Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 22.6% of this neighborhood's residents have Polish ancestry and 1.4% have Austrian ancestry.

Jefferson Park West is also pretty special linguistically. Significantly, 13.6% of its residents five years old and above primarily speak Polish at home. While this may seem like a small percentage, it is higher than 99.1% of the neighborhoods in America.

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 Jefferson Park West neighborhood in Chicago are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 85.4% of the neighborhoods in America. In addition, 2.6% 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 72.7% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Jefferson Park West neighborhood, 39.7% 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 29.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.2%), and 13.1% in clerical, assistant, and tech support occupations.

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 Jefferson Park West neighborhood is English, spoken by 51.9% of households. Other important languages spoken here include Spanish, Polish, Arabic and Italian.

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 Jefferson Park West neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Mexican (24.5%). There are also a number of people of Polish ancestry (22.6%), and residents who report German roots (14.6%), and some of the residents are also of Irish ancestry (11.9%), along with some Asian ancestry residents (6.2%), among others. In addition, 24.0% of the residents of this neighborhood were born in another country.

Getting to Work

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 Jefferson Park West neighborhood spend between 45 minutes and one hour commuting one-way to work (31.0% of working residents), longer and tougher than most commutes in America.

Here most residents (64.0%) 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 (10.3%) and 6.5% of residents also take the train 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.


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