Central Terrace / Morningside Terrace median real estate price is $798,058, which is more expensive than 94.9% of the neighborhoods in Illinois and 84.4% of the neighborhoods in the U.S.
The average rental price in Central Terrace / Morningside Terrace is currently $2,948, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 83.8% of the neighborhoods in Illinois.
Central Terrace / Morningside Terrace is an urban neighborhood (based on population density) located in Evanston, Illinois.
Central Terrace / Morningside Terrace real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Central Terrace / Morningside Terrace 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 Central Terrace / Morningside Terrace. NeighborhoodScout analysis shows that this rate is lower than 59.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 Evanston, the Central Terrace / Morningside Terrace 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 Central Terrace / Morningside Terrace neighborhood: a neighborhood in which more "urban sophisticates" live than 100.0% 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 highly educated executives.
In addition, 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 90.2% of the adults living in the Central Terrace / Morningside Terrace neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 99.7% of U.S. neighborhoods. In this way, this neighborhood truly stands out.
Also, wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the Central Terrace / Morningside Terrace neighborhood is wealthier than 97.5% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood.
Finally, with more than 1.6% of residents living with a same sex partner, Central Terrace / Morningside Terrace is truly a neighborhood that stands out from the rest in this regard. In fact, exclusive analysis by NeighborhoodScout reveals that this neighborhood has a greater concentration of same sex couples than 95.3% of U.S. neighborhoods.
Modes of Transportation
In the Central Terrace / Morningside Terrace neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 36.9% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 99.2% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 12.8% of the Central Terrace / Morningside Terrace neighborhood's commuters ride the train to and from work each day, which is more than we found in 95.9% of America's neighborhoods.
Occupations
Executives, managers and professionals make up 75.0% of the workforce in the Central Terrace / Morningside Terrace neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 97.7% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Diversity
Did you know that the Central Terrace / Morningside Terrace neighborhood has more Eastern European and Romanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.9% of this neighborhood's residents have Eastern European ancestry and 2.4% have Romanian ancestry.
Central Terrace / Morningside Terrace is also pretty special linguistically. Significantly, 1.7% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 95.3% 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 Central Terrace / Morningside Terrace neighborhood in Evanston 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 97.5% of the neighborhoods in America. In addition, 2.1% 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 74.9% 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 Central Terrace / Morningside Terrace neighborhood, 75.0% 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 17.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (4.9%), and 2.4% in manufacturing and laborer occupations.
Languages
The most common language spoken in the Central Terrace / Morningside Terrace neighborhood is English, spoken by 89.3% of households. Some people also speak Spanish (3.2%).
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 Central Terrace / Morningside Terrace neighborhood in Evanston, IL, residents most commonly identify their ethnicity or ancestry as Irish (25.6%). There are also a number of people of German ancestry (24.4%), and residents who report English roots (16.4%), and some of the residents are also of Italian ancestry (7.9%), along with some Polish ancestry residents (5.7%), among others.
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 Central Terrace / Morningside Terrace neighborhood spend under 15 minutes commuting one-way to work (33.0% of working residents), one of the shortest commutes across America.
Here most residents (40.2%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (12.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
