About Chicago, IL (Lakeview) Real Estate Prices and Overview Lakeview median real estate price is $1,011,193, which is more expensive than 97.6% of the neighborhoods in Illinois and 90.1% of the neighborhoods in the U.S. The average rental price in Lakeview is currently $3,431, based on 蘑菇视频's exclusive analysis. The average rental cost in this neighborhood is higher than 91.5% of the neighborhoods in Illinois. Lakeview is a densely urban neighborhood (based on population density) located in Chicago, Illinois. Lakeview 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 Lakeview 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. In Lakeview, the current vacancy rate is 1.2%, which is a lower rate of vacancies than 90.3% of all neighborhoods in the U.S. This means that the housing supply in Lakeview is very tight compared to the demand for property here. Notable & Unique Neighborhood Characteristics Notable & Unique: People The first thing that you'll notice if you moved to this neighborhood is that an astounding 3.3% of the households are same sex couples. According to 蘑菇视频's analysis, this is a higher proportion of same sex households than in 99.4% of the neighborhoods in America. This is one indicator that this neighborhood is likely a gay-friendly neighborhood. So if you are looking for such a neighborhood, the Lakeview neighborhood should definitely be on your list of places to consider. In addition, if you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the Lakeview neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 98.9% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the Lakeview neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for young, single professionals. 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. 蘑菇视频's research revealed that a full 84.2% of the adults living in the Lakeview neighborhood have earned at least a bachelor's degree. This is a higher rate than 蘑菇视频 found in 98.8% of U.S. neighborhoods. In this way, this neighborhood truly stands out. Finally, if you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 3.2% of America's neighborhoods are wealthier than the Lakeview neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe. Notable & Unique: Modes of Transportation In the Lakeview neighborhood, 32.0% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, 蘑菇视频's analysis reveals that this is a higher level of train ridership than in 98.4% of the neighborhoods in America. Also, a unique way of commuting is simply not to. And in the Lakeview neighborhood, analysis shows that 34.1% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 97.1% of the neighborhoods in the United States. One thing 蘑菇视频's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home. Finally, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.0% of residents in the Lakeview neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 95.9% of all neighborhoods in the U.S., according to 蘑菇视频's exclusive analysis. Notable & Unique: Real Estate Corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the Lakeview neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 44.0% of the real estate here is made up of such dwellings, which is higher than 97.7% of all U.S. neighborhoods. In addition, the Lakeview neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 32,798 persons per square mile in the neighborhood, it is more packed with people than 97.3% of the nation's neighborhoods. 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 蘑菇视频's exclusive and first quantitative walkable score index, the Lakeview neighborhood is one of the most walkable neighborhoods in America. Notable & Unique: Occupations Executives, managers and professionals make up 73.8% of the workforce in the Lakeview neighborhood which, according to 蘑菇视频's exclusive analysis, is a higher proportion of such high-level people than is found in 96.9% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique. Notable & Unique: Diversity Did you know that the Lakeview neighborhood has more Eastern European and Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.4% of this neighborhood's residents have Eastern European ancestry and 1.1% have Austrian ancestry. The Neighbors: Income 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. 蘑菇视频's analysis reveals both aspects of income and poverty for this neighborhood. The neighbors in the Lakeview neighborhood in Chicago are wealthy, making it among the 15% highest income neighborhoods in America. 蘑菇视频's exclusive analysis reveals that this neighborhood has a higher income than 96.8% of the neighborhoods in America. In addition, 1.3% 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 77.4% of America's neighborhoods. The Neighbors: Occupations 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 Lakeview neighborhood, 73.8% 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 16.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (7.0%), and 2.9% in manufacturing and laborer occupations. The Neighbors: Languages The most common language spoken in the Lakeview neighborhood is English, spoken by 87.8% of households. Some people also speak Spanish (7.3%). The Neighbors: 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 鈥� some more unique than others 鈥� based on lifestyle, occupations, the types of households 鈥� and importantly 鈥� 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 Lakeview neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as German (17.3%). There are also a number of people of Irish ancestry (17.1%), and residents who report English roots (11.4%), and some of the residents are also of Polish ancestry (6.6%), along with some Asian ancestry residents (6.6%), among others. Getting to Work How you get to work 鈥� car, bus, train or other means 鈥� 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 Lakeview neighborhood spend between 30 and 45 minutes commuting one-way to work (43.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods. Here most residents (32.0%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (23.0%) . This neighborhood is distinguished by the high number of residents who take the train to work each day, which can be a very good way to get to work at a lower cost and with less pollution.