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Real Estate Prices & Overview

Avondale East median real estate price is $779,450, which is more expensive than 94.5% of the neighborhoods in Illinois and 83.6% of the neighborhoods in the U.S.

The average rental price in Avondale East is currently $2,912, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 82.6% of the neighborhoods in Illinois.

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

Avondale East 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 occupied by a mixture of owners and renters. Many of the residences in the Avondale East 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 2000 and the present.

Real estate vacancies in Avondale East are 3.8%, which is lower than one will find in 75.2% of American neighborhoods. Demand for real estate in Avondale East is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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 Avondale East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

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 8.9% of residents in the Avondale East neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 99.5% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Also, in the Avondale East neighborhood, 12.3% 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 95.8% of the neighborhoods in America.

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 Avondale East 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, 50.6% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 98.4% of America's neighborhoods.

In addition, 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 Avondale East neighborhood is one of the most walkable neighborhoods in America.

Diversity

Did you know that the Avondale East neighborhood has more Cuban and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.4% of this neighborhood's residents have Cuban ancestry and 9.2% have Puerto Rican ancestry.

The Neighbors

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 Avondale East 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 81.6% of the neighborhoods in America. With 13.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 56.7% of U.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 Avondale East neighborhood, 60.4% 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 22.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (9.2%), and 7.9% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Avondale East neighborhood is English, spoken by 63.4% of households. Some people also speak Spanish (31.1%).

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 Avondale East neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Mexican (17.0%). There are also a number of people of Irish ancestry (12.2%), and residents who report German roots (10.4%), and some of the residents are also of Puerto Rican ancestry (9.2%), along with some Polish ancestry residents (6.0%), among others. In addition, 21.3% 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 Avondale East neighborhood spend between 30 and 45 minutes commuting one-way to work (34.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (40.0%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (12.3%) and 9.3% 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.


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