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Real Estate Prices & Overview

Maywood Park median real estate price is $245,995, which is more expensive than 38.2% of the neighborhoods in Illinois and 28.2% of the neighborhoods in the U.S.

The average rental price in Maywood Park is currently $1,666, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 62.5% of Illinois neighborhoods.

Maywood Park is a suburban neighborhood (based on population density) located in Maywood, Illinois.

Maywood Park real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes 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 Maywood Park 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 1940 and 1969.

Maywood Park has a 12.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 72.8% 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.

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

Occupations

The Maywood Park neighborhood stands out nationally for having a greater proportion of its residents active in the military than 96.6% of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Maywood Park neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 35.9% of the households here have four, five, or more cars. That is more cars per household than in 96.6% of the neighborhoods in the nation.

Real Estate

If you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 61.6% of the residential real estate in the Maywood Park neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 97.0% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Diversity

Did you know that the Maywood Park neighborhood has more African and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.8% of this neighborhood's residents have African ancestry and 12.8% have Sub-Saharan African 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 Maywood Park neighborhood in Maywood are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 68.1% of U.S. neighborhoods. With 31.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 83.2% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Maywood Park neighborhood, 30.3% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 27.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.4%), and 20.4% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Maywood Park neighborhood is English, spoken by 62.4% of households. Some people also speak Spanish (37.3%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Maywood Park neighborhood in Maywood, IL, residents most commonly identify their ethnicity or ancestry as Mexican (27.7%). There are also a number of people of Sub-Saharan African ancestry (12.8%), and residents who report African roots (12.8%), and some of the residents are also of Irish ancestry (2.5%), along with some Puerto Rican ancestry residents (1.4%), among others. In addition, 19.8% 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 Maywood Park neighborhood spend between 30 and 45 minutes commuting one-way to work (28.6% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (68.3%) 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 (13.1%) . 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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