Near South Side median real estate price is $385,486, which is more expensive than 64.6% of the neighborhoods in Illinois and 50.4% of the neighborhoods in the U.S.
The average rental price in Near South Side is currently $3,599, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.5% of the neighborhoods in Illinois.
Near South Side is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
Near South Side 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 Near South Side neighborhood are newer, built in 2000 or more recently. A number of residences were also built before 1940.
In Near South Side, the current vacancy rate is 0.6%, which is a lower rate of vacancies than 92.4% of all neighborhoods in the U.S. This means that the housing supply in Near South Side is very tight compared to the demand for property here.
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 Near South Side neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The rate of college educated adults in the Near South Side neighborhood is a unique characteristic of the neighborhood. 87.5% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 35.0% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 99.4% of all U.S. neighborhoods.
In addition, 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 Near South Side neighborhood: a neighborhood in which more "urban sophisticates" live than 98.0% 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. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for young, single professionals.
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 5.3% of residents in the Near South Side neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 98.4% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Also, a unique way of commuting is simply not to. And in the Near South Side neighborhood, analysis shows that 35.4% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 97.7% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.
The Near South Side neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 41,914 persons per square mile in the neighborhood, it is more packed with people than 98.0% of the nation's neighborhoods. 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 Near South Side neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, one of the really unique and interesting things about the look and setting of the Near South Side neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 83.9% 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 97.3% of all neighborhoods in America.
Furthermore, the Near South Side 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 82.7% 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.
Executives, managers and professionals make up 74.3% of the workforce in the Near South Side neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 97.2% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Did you know that the Near South Side neighborhood has more Austrian and Lithuanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.6% of this neighborhood's residents have Austrian ancestry and 1.5% have Lithuanian ancestry.
Near South Side is also pretty special linguistically. Significantly, 6.0% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 98.0% 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 Near South Side 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 85.5% of the neighborhoods in America. With 12.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 56.3% 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 Near South Side neighborhood, 74.3% 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 15.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (6.8%), and 3.8% 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 Near South Side neighborhood is English, spoken by 83.0% of households. Other important languages spoken here include Langs. of India, Chinese, Spanish and Arabic.
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 Near South Side neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as German (16.0%). There are also a number of people of Irish ancestry (12.4%), and residents who report Asian roots (11.5%), and some of the residents are also of Sub-Saharan African ancestry (7.9%), along with some English ancestry residents (5.6%), among others. In addition, 14.1% 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 Near South Side neighborhood spend between 15 and 30 minutes commuting one-way to work (53.8% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (41.2%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (8.3%) and 6.3% 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.
