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Real Estate Prices & Overview

Mozart Park median real estate price is $493,165, which is more expensive than 76.2% of the neighborhoods in Illinois and 61.9% of the neighborhoods in the U.S.

The average rental price in Mozart Park is currently $2,135, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 60.5% of the neighborhoods in Illinois.

Mozart Park is a densely urban neighborhood (based on population density) located in Chicago, Illinois.

Mozart Park real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Mozart Park 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 8.9% in Mozart Park. NeighborhoodScout analysis shows that this rate is lower than 43.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Mozart Park neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 54.4% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 98.8% of America's neighborhoods.

In addition, if you like crowded places, then you will probably enjoy the the Mozart Park neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.2% of neighborhoods in the U.S., with 25,636 people per square mile living here. 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 Mozart Park neighborhood is one of the most walkable neighborhoods in America.

Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 61.9% of the residential real estate in the Mozart Park neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 97.0% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Modes of Transportation

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 5.8% of residents in the Mozart Park neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 98.7% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Diversity

Did you know that the Mozart Park neighborhood has more Puerto Rican and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.6% of this neighborhood's residents have Puerto Rican ancestry and 8.0% have South American ancestry.

Mozart Park is also pretty special linguistically. Significantly, 58.6% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 95.4% of all U.S. neighborhoods.

The Neighbors

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 Mozart Park neighborhood in Chicago are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 62.1% of U.S. neighborhoods. With 29.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 80.3% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Mozart Park neighborhood, 38.0% 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 25.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.5%), and 15.4% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Mozart Park neighborhood is Spanish, spoken by 58.6% of households. Some people also speak English (40.0%).

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 Mozart Park neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Mexican (37.3%). There are also a number of people of Puerto Rican ancestry (12.6%), and residents who report South American roots (8.0%), and some of the residents are also of German ancestry (4.7%), along with some Haitian ancestry residents (2.4%), among others. In addition, 26.3% of the residents of this neighborhood were born in another country.

Getting to Work

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 Mozart Park neighborhood spend between 15 and 30 minutes commuting one-way to work (48.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (42.3%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (11.8%) and 9.7% of residents also ride the bus 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.


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