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Real Estate Prices & Overview

W Waveland Ave / N Neva Ave median real estate price is $440,781, which is more expensive than 75.7% of the neighborhoods in Illinois and 59.4% of the neighborhoods in the U.S.

The average rental price in W Waveland Ave / N Neva Ave is currently $2,102, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.5% of Illinois neighborhoods.

W Waveland Ave / N Neva Ave is an urban neighborhood (based on population density) located in Chicago, Illinois.

W Waveland Ave / N Neva Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the W Waveland Ave / N Neva Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Home and apartment vacancy rates are 6.5% in W Waveland Ave / N Neva Ave. NeighborhoodScout analysis shows that this rate is lower than 56.9% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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 W Waveland Ave / N Neva Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

One of the really interesting characteristics about the W Waveland Ave / N Neva Ave neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 2.6% of college-friendly places to live in the state of Illinois.

Diversity

Did you know that the W Waveland Ave / N Neva Ave neighborhood has more Polish and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 25.2% of this neighborhood's residents have Polish ancestry and 5.0% have Arab ancestry.

W Waveland Ave / N Neva Ave is also pretty special linguistically. Significantly, 21.5% of its residents five years old and above primarily speak Polish at home. While this may seem like a small percentage, it is higher than 99.8% 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. More residents of the W Waveland Ave / N Neva Ave neighborhood live here today that also were living in this same neighborhood five years ago than is found in 98.6% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.

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 W Waveland Ave / N Neva Ave 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 65.0% of the neighborhoods in America. In addition, 0.8% 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 79.4% 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 W Waveland Ave / N Neva Ave neighborhood, 27.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 27.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (24.3%), and 21.2% in clerical, assistant, and tech support 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 W Waveland Ave / N Neva Ave neighborhood is English, spoken by 48.5% of households. Other important languages spoken here include Spanish, Polish, Arabic and Italian.

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 W Waveland Ave / N Neva Ave neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Polish (25.2%). There are also a number of people of Mexican ancestry (17.3%), and residents who report German roots (8.5%), and some of the residents are also of Puerto Rican ancestry (7.5%), along with some Asian ancestry residents (7.2%), among others. In addition, 30.7% of the residents of this neighborhood were born in another country.

Getting to Work

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 W Waveland Ave / N Neva Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (29.8% of working residents), longer and tougher than most commutes in America.

Here most residents (68.8%) 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 (17.2%) . 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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