Chatham-Arch median real estate price is $493,499, which is more expensive than 89.0% of the neighborhoods in Indiana and 62.0% of the neighborhoods in the U.S.
The average rental price in Chatham-Arch is currently $2,338, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.7% of the neighborhoods in Indiana.
Chatham-Arch is an urban neighborhood (based on population density) located in Indianapolis, Indiana.
Chatham-Arch 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 Chatham-Arch neighborhood are newer, built in 2000 or more recently. A number of residences were also built before 1940.
Chatham-Arch has a 12.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 70.4% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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.
One of the most interesting things about the Chatham-Arch neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 68.0% 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 99.7% of the neighborhoods in America.
The Chatham-Arch 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 87.5% 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.
More people in Chatham-Arch choose to walk to work each day (12.9%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Also, would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Chatham-Arch neighborhood is a fantastic option for bicycle commuters, as 3.1% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 95.9% of the neighborhoods in America.
Did you know that the Chatham-Arch neighborhood has more Belgian and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.1% of this neighborhood's residents have Belgian ancestry and 1.3% have Lebanese ancestry.
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 Chatham-Arch neighborhood in Indianapolis are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 63.3% of U.S. neighborhoods. With 18.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 66.1% 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 Chatham-Arch neighborhood, 63.0% 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 15.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (12.0%), and 9.3% in clerical, assistant, and tech support occupations.
The most common language spoken in the Chatham-Arch neighborhood is English, spoken by 91.9% of households. Some people also speak Spanish (3.5%).
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 Chatham-Arch neighborhood in Indianapolis, IN, residents most commonly identify their ethnicity or ancestry as German (14.4%). There are also a number of people of Irish ancestry (13.8%), and residents who report English roots (10.5%), and some of the residents are also of Polish ancestry (5.4%), along with some Asian ancestry residents (5.2%), among others.
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 Chatham-Arch neighborhood spend under 15 minutes commuting one-way to work (48.8% of working residents), one of the shortest commutes across America.
Here most residents (61.4%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (12.9%) and 7.6% of residents also carpool with coworkers, friends, or neighbors 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.