Magnificent Mile Chicago, IL Overview

Summary

Population Growth (since 2000)245%
Population Density (ppl / mile)25,162.30
Household Size (ppl)1
Households w/ Children6%

Housing Stability

Annual Residential Turnover31%
5+ Years in Residency14%
Median Year in Residency2.06

Housing Inventory

Magnificent Mile Chicago, IL Housing Inventory 778344557778344

Market Overview

70 listings with an estimated median price of $1,092,500

PriceCount
$100K - 200K6
$200K - 300K9
$300K - 400K3
$400K - 500K2
$500K - 600K4
$600K - 700K1
$700K - 800K5
$900K - 1M3
$1M - Max37
Property TypeCount
Condo70
Rental16

(Data as of 5/31/2024)

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Magnificent Mile Chicago, IL Population Demographics

Total: 1,930

Households:1,336

Median Age: 38.73

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature (degrees F)

Magnificent Mile Chicago, IL Temperature

Weather Risk

Magnificent Mile Chicago, IL Weather Risk

Education

The Community Educational Index chart is based on the U.S. Census Bureau's Socioeconomic Status (SES) elements. Factors used in creating the index below are income, educational achievement, and occupation of persons within the selected ZIP code. Since this index is based on the population of an entire Zip code, it may not reflect the nature of an individual school.

Education Climate Index

Magnificent Mile Chicago, IL Education Climate Index

Highest Education Level Attained

Magnificent Mile Chicago, IL Highest Education Level Attained 18749553861777201874955386177720

Employment and Finance

Workforce

Magnificent Mile Chicago, IL Workforce

Income by dollar range (Median Income: $101,647)

Magnificent Mile Chicago, IL Income by dollar range 792019181828375445798217914212311562121114

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

Studio
$964
One Bedroom
$1,103
Two Bedroom
$1,239
Three Bedroom
$1,515
Four Bedroom
$1,712

Smoking Ban

The Smoking Ban data indicates whether an area has a smoking ban in place for workplaces, restaurants or bars. This information represents that of the search area and may not reflect that of the whole County or State.

Workplaces
Yes
Restaurants
Yes
Bars
Yes

Crime

The Crime Index compares the risk or probability of future occurrence of certain types of crime in this community as compared to the national average. The national average for each type of crime equals a score of 1.0, so a score of 2.0 would represent twice the risk as the national average, and a score of 0.50 would represent half the risk of the national average.

Magnificent Mile Chicago, IL Crime

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