Roscoe Village median real estate price is $1,363,955, which is more expensive than 99.4% of the neighborhoods in Illinois and 95.5% of the neighborhoods in the U.S.
The average rental price in Roscoe Village is currently $3,781, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.8% of the neighborhoods in Illinois.
Roscoe Village is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
Roscoe Village real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) small apartment buildings and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Roscoe Village 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.
Roscoe Village has a 14.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 78.3% 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.
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.
Of note is NeighborhoodScout's research finding that the Roscoe Village neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Roscoe Village community truly stands out from the rest in this regard.
In addition, think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the Roscoe Village neighborhood: a neighborhood in which more "urban sophisticates" live than 99.0% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for highly educated executives.
Also, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 73.1% of the adults living in the Roscoe Village neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 95.1% of U.S. neighborhoods. In this way, this neighborhood truly stands out.
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 Roscoe Village 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, 60.8% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.3% of America's neighborhoods.
In addition, if you like crowded places, then you will probably enjoy the the Roscoe Village neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.5% of neighborhoods in the U.S., with 22,366 people per square mile living here. 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 Roscoe Village neighborhood is among the top 5% of American neighborhoods in terms of walkability.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 27.6% of the Roscoe Village neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.1% of America's neighborhoods.
Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.1% of residents in the Roscoe Village neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 96.1% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Finally, in the Roscoe Village neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 30.7% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 95.2% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Roscoe Village neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 10.7% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 96.3% of all neighborhoods in America.
Did you know that the Roscoe Village neighborhood has more Hungarian and Swedish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.8% of this neighborhood's residents have Hungarian ancestry and 8.8% have Swedish 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 Roscoe Village neighborhood in Chicago are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 94.1% of the neighborhoods in America. In addition, 0.0% 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 100.0% 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 Roscoe Village neighborhood, 62.1% 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 20.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (8.9%), and 8.4% in manufacturing and laborer occupations.
Languages
The most common language spoken in the Roscoe Village neighborhood is English, spoken by 90.9% of households. Some people also speak Spanish (6.0%).
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Roscoe Village neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as German (20.1%). There are also a number of people of Spanish ancestry (14.7%), and residents who report Irish roots (11.8%), and some of the residents are also of Swedish ancestry (8.8%), along with some Polish ancestry residents (7.3%), among others.
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 Roscoe Village neighborhood spend between 30 and 45 minutes commuting one-way to work (44.0% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods. However, there is also a significant group of residents (10.7%) who commute over an hour in each direction.
Here most residents (29.3%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (27.6%) and 6.4% 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.
