Downtown South median real estate price is $563,574, which is more expensive than 86.2% of the neighborhoods in Illinois and 71.0% of the neighborhoods in the U.S.
The average rental price in Downtown South is currently $1,909, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 51.9% of Illinois neighborhoods.
Downtown South is a suburban neighborhood (based on population density) located in Chicago, Illinois.
Downtown South 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 Downtown South neighborhood are newer, built in 2000 or more recently. A number of residences were also built before 1940.
In Downtown South, the current vacancy rate is 2.2%, which is a lower rate of vacancies than 84.6% of all neighborhoods in the U.S. This means that the housing supply in Downtown South is very tight compared to the demand for property here.
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.
Executives, managers and professionals make up 78.7% of the workforce in the Downtown South neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 98.6% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 4.8% of residents in the Downtown South neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 98.1% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
If you are planning to retire in Illinois, this neighborhood should be on your must-see list. For many reasons, Downtown South may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Illinois, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 97.1% of neighborhoods in IL. If a Illinois retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for urban sophisticates.
If you like the look and ambience of new homes and newly built neighborhoods, you will love the Downtown South neighborhood. A whopping 70.0% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 95.5% of the neighborhoods in the U.S. Everything here just feels new.
Did you know that the Downtown South neighborhood has more Iranian and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.9% of this neighborhood's residents have Iranian ancestry and 1.8% have Lebanese ancestry.
Downtown South is also pretty special linguistically. Significantly, 4.6% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 98.2% 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 Downtown South 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 76.9% of the neighborhoods in America. With 14.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 60.4% of U.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 Downtown South neighborhood, 78.7% 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 16.1% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (10.1%), and 3.2% in manufacturing and laborer occupations.
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 Downtown South neighborhood is English, spoken by 72.7% of households. Other important languages spoken here include Chinese, Langs. of India and Arabic.
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 Downtown South neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Asian (26.0%). There are also a number of people of Irish ancestry (12.1%), and residents who report Mexican roots (7.0%), and some of the residents are also of German ancestry (6.0%), along with some Sub-Saharan African ancestry residents (4.9%), among others. In addition, 16.4% 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 Downtown South neighborhood spend between 15 and 30 minutes commuting one-way to work (46.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (42.1%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (9.2%) and 8.2% 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.