Moody Bible Institute median real estate price is $828,752, which is more expensive than 94.6% of the neighborhoods in Illinois and 84.1% of the neighborhoods in the U.S.
The average rental price in Moody Bible Institute is currently $2,936, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 83.5% of the neighborhoods in Illinois.
Moody Bible Institute is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
Moody Bible Institute 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 Moody Bible Institute neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in Moody Bible Institute. The current real estate vacancy rate here is 18.0%. This is higher than the rate of vacancies in 83.8% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
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.
Modes of Transportation
In the Moody Bible Institute neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 35.7% of residents here. This is a higher proportion of walking commuters than we found in 99.4% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Also, in the Moody Bible Institute neighborhood, 17.3% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 96.8% of the neighborhoods in America.
Finally, our research revealed that more commuters here take the bus to work (11.2% ride the bus) than 95.5% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.
Real Estate
What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 75,803 people per square mile, it is more densely populated than 99.3% of America'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 Moody Bible Institute neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, the real estate in the Moody Bible Institute neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 95.8% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.1% of American neighborhoods.
Furthermore, the Moody Bible Institute 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 95.6% 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.
Also of note, 87.9% of the real estate in the Moody Bible Institute neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Car Ownership
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Moody Bible Institute neighborhood has a highly unusual pattern of car ownership. 59.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.2% of U.S. neighborhoods.
People
One of the most interesting things about the Moody Bible Institute neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 61.0% 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 99.0% of the neighborhoods in America.
In addition, an extraordinary 18.8% of the residents of the Moody Bible Institute neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.
Diversity
Did you know that the Moody Bible Institute neighborhood has more Russian and Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.7% of this neighborhood's residents have Russian ancestry and 1.4% have Austrian ancestry.
Moody Bible Institute is also pretty special linguistically. Significantly, 2.4% 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 97.3% of the neighborhoods in America.
Migration / Stability
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Moody Bible Institute neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 96.6% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
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 Moody Bible Institute 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 58.8% of the neighborhoods in America. With 49.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 93.9% 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 Moody Bible Institute neighborhood, 60.9% 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 26.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.5%), and 3.5% in manufacturing and laborer 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 Moody Bible Institute neighborhood is English, spoken by 73.9% of households. Other important languages spoken here include Chinese, Spanish, Langs. of India and German/Yiddish.
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 Moody Bible Institute neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Irish (16.0%). There are also a number of people of Asian ancestry (13.7%), and residents who report German roots (12.4%), and some of the residents are also of Italian ancestry (8.2%), along with some English ancestry residents (7.7%), among others. In addition, 21.5% 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 Moody Bible Institute neighborhood spend between 15 and 30 minutes commuting one-way to work (42.1% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (35.7%) hop out the door and walk to work to get to work. In addition, quite a number also take the train to get to work (17.3%) and 11.2% of residents also ride the bus for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.
