N Lake Shore Dr / N Outer Lake Shore Dr median real estate price is $528,249, which is more expensive than 84.7% of the neighborhoods in Illinois and 68.6% of the neighborhoods in the U.S.
The average rental price in N Lake Shore Dr / N Outer Lake Shore Dr is currently $3,120, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 86.8% of the neighborhoods in Illinois.
N Lake Shore Dr / N Outer Lake Shore Dr is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
N Lake Shore Dr / N Outer Lake Shore Dr 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 occupied by a mixture of owners and renters. Many of the residences in the N Lake Shore Dr / N Outer Lake Shore Dr 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.
Home and apartment vacancy rates are 6.1% in N Lake Shore Dr / N Outer Lake Shore Dr. NeighborhoodScout analysis shows that this rate is lower than 59.0% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 N Lake Shore Dr / N Outer Lake Shore Dr 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 N Lake Shore Dr / N Outer Lake Shore Dr community truly stands out from the rest in this regard.
In addition, the first thing that you'll notice if you moved to this neighborhood is that an astounding 3.7% of the households are same sex couples. According to NeighborhoodScout's analysis, this is a higher proportion of same sex households than in 99.6% of the neighborhoods in America. This is one indicator that this neighborhood is likely a gay-friendly neighborhood. So if you are looking for such a neighborhood, the N Lake Shore Dr / N Outer Lake Shore Dr neighborhood should definitely be on your list of places to consider.
Also, 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 85.4% of the adults living in the N Lake Shore Dr / N Outer Lake Shore Dr neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 99.1% of U.S. neighborhoods. In this way, this neighborhood truly stands out.
Modes of Transportation
Our research revealed that more commuters here take the bus to work (37.6% ride the bus) than 99.9% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.
Real Estate
One of the really unique and interesting things about the look and setting of the N Lake Shore Dr / N Outer Lake Shore Dr neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 97.0% 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 99.4% of all neighborhoods in America.
In addition, the N Lake Shore Dr / N Outer Lake Shore Dr neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 43,711 persons per square mile in the neighborhood, it is more packed with people than 98.1% of the nation's neighborhoods. 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 Lake Shore Dr / N Outer Lake Shore Dr neighborhood is one of the most walkable neighborhoods in America.
Furthermore, the N Lake Shore Dr / N Outer Lake Shore Dr neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 90.0% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Car Ownership
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 N Lake Shore Dr / N Outer Lake Shore Dr neighborhood has a highly unusual pattern of car ownership. 48.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.6% of U.S. neighborhoods.
Diversity
Did you know that the N Lake Shore Dr / N Outer Lake Shore Dr neighborhood has more Greek and Polish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.8% of this neighborhood's residents have Greek ancestry and 10.3% have Polish ancestry.
N Lake Shore Dr / N Outer Lake Shore Dr is also pretty special linguistically. Significantly, 4.0% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 99.6% 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 N Lake Shore Dr / N Outer Lake Shore Dr 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 65.9% of the neighborhoods in America. 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 N Lake Shore Dr / N Outer Lake Shore Dr neighborhood, 63.0% 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 24.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (6.2%), and 5.9% in manufacturing and laborer 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 N Lake Shore Dr / N Outer Lake Shore Dr neighborhood is English, spoken by 77.1% of households. Other important languages spoken here include Russian, Chinese, French and Spanish.
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 N Lake Shore Dr / N Outer Lake Shore Dr neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as German (16.4%). There are also a number of people of Asian ancestry (13.6%), and residents who report Polish roots (10.3%), and some of the residents are also of Italian ancestry (8.7%), along with some Irish ancestry residents (8.4%), among others. In addition, 14.2% of the residents of this neighborhood were born in another country.
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 N Lake Shore Dr / N Outer Lake Shore Dr neighborhood spend between 30 and 45 minutes commuting one-way to work (38.6% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (37.6%) ride the bus to get to work. In addition, quite a number also drive alone in a private automobile to get to work (25.1%) and 9.7% of residents also take the train for their daily commute. The bus provides a valuable service in the N Lake Shore Dr / N Outer Lake Shore Dr neighborhood of Chicago by getting a lot of residents to and from work daily, reducing the costs of commuting and reducing some congestion on the roads as well.
