N Lake Shore Dr / W Belmont Ave median real estate price is $560,990, which is more expensive than 76.9% of the neighborhoods in Illinois and 63.7% of the neighborhoods in the U.S.
The average rental price in N Lake Shore Dr / W Belmont Ave is currently $2,950, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.0% of the neighborhoods in Illinois.
N Lake Shore Dr / W Belmont Ave is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
N Lake Shore Dr / W Belmont Ave 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the N Lake Shore Dr / W Belmont Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Home and apartment vacancy rates are 6.1% in N Lake Shore Dr / W Belmont Ave. NeighborhoodScout analysis shows that this rate is lower than 58.2% 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 Chicago, the N Lake Shore Dr / W Belmont Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Of note is NeighborhoodScout's research finding that the N Lake Shore Dr / W Belmont Ave 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 / W Belmont Ave community truly stands out from the rest in this regard.
In addition, one of the most interesting things about the N Lake Shore Dr / W Belmont Ave neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 70.5% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 99.7% of the neighborhoods in America.
Also, the rate of college educated adults in the N Lake Shore Dr / W Belmont Ave neighborhood is a unique characteristic of the neighborhood. 88.9% 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 99.6% of all U.S. neighborhoods.
More people ride the bus in this neighborhood each day to get to work than 99.2% of U.S. neighborhoods.
Also, in the N Lake Shore Dr / W Belmont Ave neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 31.7% 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 95.8% 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.
Finally, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 2.7% of residents in the N Lake Shore Dr / W Belmont Ave neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 95.1% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
One of the really unique and interesting things about the look and setting of the N Lake Shore Dr / W Belmont Ave neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 92.7% 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 98.6% of all neighborhoods in America.
In addition, the N Lake Shore Dr / W Belmont Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 48,724 persons per square mile in the neighborhood, it is more packed with people than 98.4% of the nation's neighborhoods.
Furthermore, the N Lake Shore Dr / W Belmont Ave 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 92.1% 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.
American households most often have a car, and regularly they have two or three. But households in the N Lake Shore Dr / W Belmont Ave neighborhood buck this trend. 45.3% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.4% of U.S. neighborhoods.
Executives, managers and professionals make up 74.8% of the workforce in the N Lake Shore Dr / W Belmont Ave neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 97.4% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Did you know that the N Lake Shore Dr / W Belmont Ave neighborhood has more Romanian and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.7% of this neighborhood's residents have Romanian ancestry and 2.3% have Eastern European ancestry.
N Lake Shore Dr / W Belmont Ave is also pretty special linguistically. Significantly, 0.5% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 95.2% 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 N Lake Shore Dr / W Belmont Ave neighborhood in Chicago are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 52.3% 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.
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 N Lake Shore Dr / W Belmont Ave neighborhood, 74.8% 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 18.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (3.6%), and 2.8% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the N Lake Shore Dr / W Belmont Ave neighborhood is English, spoken by 80.7% of households. Some people also speak Spanish (10.5%).
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 N Lake Shore Dr / W Belmont Ave neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as German (19.4%). There are also a number of people of Irish ancestry (9.3%), and residents who report Italian roots (8.5%), and some of the residents are also of Polish ancestry (8.3%), along with some English ancestry residents (6.3%), among others. In addition, 16.1% 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 N Lake Shore Dr / W Belmont Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (44.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (26.5%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (23.2%) and 8.1% of residents also hop out the door and walk to work 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.
