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Real Estate Prices & Overview

Median real estate price in the City Center of Urbana is $239,436, which is more expensive than 39.8% of the neighborhoods in Illinois and 28.6% of the neighborhoods in the U.S.

The average rental price in Urbana City Center is currently $1,517, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 68.1% of Illinois neighborhoods.

Urbana City Center is an urban neighborhood (based on population density) located in Urbana, Illinois.

Real estate in the City Center of Urbana, IL is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the City Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Urbana City Center. The current real estate vacancy rate here is 26.2%. This is higher than the rate of vacancies in 92.6% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually 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 Urbana, the City Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

The Urbana City Center neighborhood stands out for having an average per capita income lower than 97.6% of the neighborhoods in the United States. Also of note is NeighborhoodScout's research finding that the Urbana City Center 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 Urbana City Center community truly stands out from the rest in this regard.

In addition, an extraordinary 43.0% of the residents of the Urbana City Center neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

Also, of particular note, 2.4% of the people in the City Center neighborhood currently reside in a correction facility, held due to punishment for a crime.

Modes of Transportation

In the Urbana City Center neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 47.9% of residents here. This is a higher proportion of walking commuters than we found in 99.8% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Also, our research revealed that more commuters here take the bus to work (15.2% ride the bus) than 97.4% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Finally, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.5% of residents in the Urbana City Center neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 96.6% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Occupations

The Urbana City Center neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 99.4% of the neighborhoods in America. In fact, 82.1% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.

Real Estate

97.8% of the real estate in the Urbana City Center neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

In addition, one of the really unique and interesting things about the look and setting of the Urbana City Center neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 84.1% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 97.3% of all neighborhoods in America.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Urbana City Center neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Urbana City Center neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 69.3% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 98.4% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Urbana City Center neighborhood have a highly unusual car ownership. 25.3% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.4% of U.S. neighborhoods.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Urbana City Center neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.7% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

Diversity

Did you know that the Urbana City Center neighborhood has more Asian and Lithuanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 37.4% of this neighborhood's residents have Asian ancestry and 1.6% have Lithuanian ancestry.

Urbana City Center is also pretty special linguistically. Significantly, 16.6% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 99.0% of the neighborhoods in America.

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 City Center neighborhood in Urbana are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.6% of U.S. neighborhoods. 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.

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 Urbana City Center neighborhood, 82.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 9.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (6.9%), and 2.1% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Urbana City Center neighborhood is English, spoken by 55.6% of households. Other important languages spoken here include Chinese, Spanish, Langs. of India and Korean.

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 City Center neighborhood in Urbana, IL, residents most commonly identify their ethnicity or ancestry as Asian (37.4%). There are also a number of people of German ancestry (10.7%), and residents who report English roots (7.3%), and some of the residents are also of Polish ancestry (5.5%), along with some Irish ancestry residents (5.4%), among others. In addition, 33.4% 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 Urbana City Center neighborhood spend under 15 minutes commuting one-way to work (69.3% of working residents), one of the shortest commutes across America.

Here most residents (47.9%) hop out the door and walk to work to get to work. In addition, quite a number also ride the bus to get to work (15.2%) and 13.3% of residents also drive alone in a private automobile for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.


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