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Albany Park () is one of 77 well-defined community areas of Chicago. Located on the Northwest Side of the City of Chicago with the North Branch of the Chicago River forming its east and north boundaries, it includes the Albany Park neighborhood, one of the most ethnically diverse in the United States. It has one of highest percentages of foreign-born residents of any Chicago neighborhood. Although the majority of those foreign-born residents are from Latin America, mostly from Mexico (especially from the state of Michoacán), Guatemala, and Ecuador, substantial numbers are from the Philippines, India, Korea, Cambodia, Somalia, the former Yugoslavia (Serbia, Croatia, Bosnia), Romania, Pakistan and the Middle East (especially Iraq, Iran, and Lebanon). Over 40 different languages are spoken in its public schools. Due to the diverse population and immigrant population attraction, the population of the neighborhood increased by 16.5% during the 1990s. It is part of the 60625 ZIP code, which is known as one of the most diverse areas in the entire country. (Source: Wikipedia)
See the share of the area's total housing units that are in single family homes, condominiums, two-to-four unit buildings, buildings with five to 49 units, and buildings with 50 units or more.
The Composition of Cook County’s Housing Market >
All of these property level data sets are connected to parcel-level data files from the county Assessors offices that include data on every parcel in the Chicago metropolitan area. All of these parcel-level data sets include historical data and are updated on a regular basis ranging from every week to every year depending on the data set.
The composition of a neighborhood's housing stock determines the appropriate targeted strategies for stabilizing local housing markets.
The composition of a neighborhood's housing stock determines the appropriate targeted strategies for stabilizing local housing markets.
| Property Type | 2023 |
|---|---|
| Single Family | 20.1% |
| Condominium | 14.2% |
| Building with 2-4 Units | 30.7% |
| Building with 5+ Units | 35.0% |
This indicator provides information on how active local residential property markets are, what types of properties are being purchased, who is buying them, and how much buyers are paying for properties.
This is the total number of property sales in a given year. In Cook County, data are broken out separately for total sales activity on single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units. Outside of Cook County, data are for all residential parcels.
| Property Type | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| All Residential Properties | 833 | 730 | 516 | 375 | 295 | 328 | 309 | 381 | 437 | 413 | 446 | 517 | 478 | 450 | 408 | 412 | 593 | 448 | 357 |
| Single Family | 209 | 156 | 113 | 106 | 102 | 97 | 90 | 118 | 144 | 146 | 163 | 183 | 171 | 142 | 155 | 159 | 188 | 148 | 121 |
| Condominium | 465 | 448 | 316 | 217 | 116 | 147 | 134 | 167 | 167 | 152 | 176 | 210 | 195 | 212 | 165 | 179 | 282 | 191 | 156 |
| Building with 2-4 Units | 147 | 109 | 76 | 44 | 72 | 79 | 77 | 82 | 112 | 94 | 88 | 104 | 101 | 87 | 81 | 70 | 108 | 100 | 71 |
| Building with 5+ Units | 12 | 17 | 11 | 8 | 5 | 5 | 8 | 14 | 14 | 21 | 19 | 20 | 11 | 9 | 7 | 4 | 15 | 9 | 9 |
This indicator allows users to compare the level of property sales activity across geographies. This data point represents the total number of sales on all residential parcels divided by the total number of residential parcels in a given year, multiplied by 100.
| Property Type | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| All Residential Properties | 9.6 | 8.4 | 6.0 | 4.3 | 3.4 | 3.8 | 3.6 | 4.4 | 5.2 | 4.9 | 5.3 | 6.2 | 5.7 | 5.4 | 4.9 | 4.9 | 7.1 | 5.4 | 4.3 |
This represents a range of investor types from small mom-and-pop investors to large Wall Street-traded equity funds. Heightened levels of single family homes purchased by business buyers is often indicative of a distressed and low priced inventory of homes, and low demand for owner-occupied housing in a neighborhood. In Cook County, this data point is available as the share of total sales activity where the buyer was a business entity by property type (single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units). Outside of Cook County, data are for all residential parcels.
| Property Type | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| All Residential Properties | 7.2% | 6.0% | 5.2% | 6.4% | 11.5% | 14.9% | 17.2% | 21.3% | 24.7% | 19.1% | 19.1% | 16.2% | 11.1% | 15.3% | 13.5% | 11.2% | 12.3% | 7.6% | 14.8% |
| Single Family | 7.7% | 5.8% | 5.3% | 4.7% | 5.9% | 8.2% | 17.8% | 16.9% | 22.9% | 16.4% | 19.0% | 10.9% | 9.9% | 14.8% | 12.3% | 10.7% | 9.0% | 2.7% | 14.0% |
| Condominium | 4.9% | 4.0% | 2.2% | 3.2% | 7.8% | 19.0% | 12.7% | 18.0% | 22.2% | 12.5% | 9.7% | 7.6% | 6.2% | 10.8% | 7.9% | 8.9% | 9.6% | 2.1% | 6.4% |
| Building with 2-4 Units | 8.2% | 4.6% | 6.6% | 15.9% | 22.2% | 11.4% | 15.6% | 22.0% | 24.1% | 17.0% | 26.1% | 27.9% | 14.9% | 18.4% | 21.0% | 14.3% | 13.9% | 20.0% | 23.9% |
| Building with 5+ Units | 75.0% | 70.6% | 81.8% | 62.5% | 60.0% | 80.0% | 100.0% | 92.9% | 78.6% | 95.2% | 73.7% | 95.0% | 81.8% | 100.0% | 85.7% | 75.0% | 93.3% | 66.7% | 100.0% |
This represents the percent of sales that were purchased for less than $20,000 in a given year. In Cook County, this data point is available as the share of total sales activity that sold for less than $20,000 by property type (single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units). Outside of Cook County, data are for all residential parcels.
| Property Type | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| All Residential Properties | 0.2% | -- | -- | -- | 0.3% | 1.8% | 1.6% | 0.8% | -- | 0.2% | 0.2% | -- | -- | -- | -- | -- | -- | 0.2% | -- |
| Condominium | 0.4% | -- | -- | -- | 0.9% | 4.1% | 3.7% | 1.8% | -- | 0.7% | 0.6% | -- | -- | -- | -- | -- | -- | -- | -- |
| Building with 2-4 Units | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.0% | -- |
These data measure the flow of mortgage credit into an area and indicates the level of lender investment. The level of mortgage activity in a neighborhood relative to other areas can assess how access to credit has changed over time in a community and how the flow of credit differs across geographies and for different property types.
This is the total number of mortgages in a given year. In Cook County, data are broken out separately for total mortgage activity on single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units. Outside of Cook County, data are for all residential parcels.
| Property Type | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| All Residential Properties | 2,782 | 2,618 | 1,983 | 1,205 | 985 | 903 | 769 | 1,025 | 936 | 716 | 834 | 1,023 | 827 | 697 | 809 | 1,131 | 1,463 | 675 | 431 |
| Single Family | 1,026 | 881 | 752 | 503 | 538 | 453 | 357 | 487 | 394 | 306 | 391 | 470 | 345 | 254 | 362 | 562 | 644 | 274 | 147 |
| Condominium | 870 | 1,010 | 728 | 420 | 267 | 236 | 186 | 280 | 265 | 196 | 218 | 278 | 244 | 224 | 221 | 338 | 429 | 229 | 171 |
| Building with 2-4 Units | 831 | 680 | 459 | 231 | 155 | 182 | 184 | 217 | 222 | 162 | 197 | 223 | 198 | 182 | 194 | 211 | 331 | 148 | 99 |
| Building with 5+ Units | 55 | 47 | 44 | 51 | 25 | 32 | 42 | 41 | 55 | 52 | 28 | 52 | 40 | 37 | 32 | 20 | 59 | 24 | 14 |
This indicator allows users to compare the level of mortgage activity across geographies. This data point represents the total number of mortgage liens on all residential parcels divided by the total number of residential parcels in a given year, multiplied by 100.
| Property Type | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| All Residential Properties | 32.2 | 30.3 | 22.9 | 13.9 | 11.4 | 10.4 | 8.9 | 11.9 | 11.1 | 8.5 | 9.9 | 12.2 | 9.9 | 8.3 | 9.7 | 13.5 | 17.5 | 8.1 | 5.2 |
This is an indicator of distress in a local housing market and viewing changing levels of activity allows for an understanding of the evolving nature of the foreclosure crisis in a neighborhood.
This is the total number of new foreclosure filings in a given year. In Cook County, data are broken out separately for foreclosure filing activity on single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units. Outside of Cook County, data are for all residential parcels.
| Property Type | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| All Residential Properties | 32 | 57 | 149 | 252 | 342 | 375 | 257 | 222 | 123 | 61 | 61 | 44 | 47 | 31 | 36 | 17 | 9 | 18 | 16 |
| Single Family | 9 | 20 | 52 | 64 | 85 | 101 | 69 | 64 | 37 | 24 | 30 | 21 | 19 | 18 | 22 | 7 | 3 | 11 | 3 |
| Condominium | 9 | 15 | 45 | 78 | 132 | 144 | 96 | 84 | 51 | 25 | 14 | 12 | 11 | 7 | 2 | 6 | -- | 4 | 6 |
| Building with 2-4 Units | 14 | 21 | 50 | 106 | 117 | 125 | 83 | 71 | 35 | 12 | 17 | 11 | 17 | 4 | 11 | 4 | 4 | 3 | 7 |
| Building with 5+ Units | -- | 1 | 2 | 4 | 8 | 5 | 9 | 3 | -- | -- | -- | -- | -- | 2 | 1 | -- | 2 | -- | -- |
This indicator allows users to compare the level of foreclosure filing activity across geographies. This data point represents the total number of foreclosure filings on all residential parcels divided by the total number of residential parcels in a given year, multiplied by 100.
| Property Type | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| All Residential Properties | 0.4 | 0.7 | 1.7 | 2.9 | 4.0 | 4.3 | 3.0 | 2.6 | 1.5 | 0.7 | 0.7 | 0.5 | 0.6 | 0.4 | 0.4 | 0.2 | 0.1 | 0.2 | 0.2 |
Annual levels of foreclosure filing activity likely do not convey the impact that foreclosure has had in a particular community, as geographies vary in density and size, and the drivers behind the Great Recession foreclosure crisis led to very different annual patterns of foreclosure filing activity across the region. This indicator represents the cumulative impact of foreclosure in a neighborhood measured as the unique share of residential properties that have had at least one foreclosure filing since 2005.
| Property Type | 2023 |
|---|---|
| All Residential Properties | 21.7% |
These are properties that have completed the foreclosure process. Understanding foreclosure auction activity helps determine the flow of year-over-year of REO (real estate owned) properties into a market, how third-party demand at auctions differs based on property types, and the density of REO activity across geographies. The level of completed foreclosure auctions activity in a neighborhood indicates distress in a local housing market.
This is the total number of completed foreclosure auctions in a given year. In Cook County, data are broken out separately for total auction activity on single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units. Outside of Cook County, data are for all residential parcels.
| Property Type | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| All Residential Properties | 4 | 6 | 31 | 101 | 117 | 147 | 115 | 108 | 109 | 89 | 54 | 37 | 19 | 18 | 12 | 3 | 6 | 5 | 8 |
| Single Family | 2 | -- | 4 | 31 | 29 | 25 | 24 | 21 | 26 | 25 | 19 | 16 | 6 | 9 | 6 | 2 | 4 | 2 | 5 |
| Condominium | 1 | 4 | 15 | 29 | 51 | 81 | 62 | 53 | 52 | 35 | 19 | 9 | 6 | 5 | 4 | -- | 1 | 1 | 3 |
| Building with 2-4 Units | 1 | 2 | 12 | 40 | 36 | 38 | 26 | 34 | 31 | 28 | 15 | 12 | 7 | 4 | 2 | 1 | 1 | 2 | -- |
| Building with 5+ Units | -- | -- | -- | 1 | 1 | 3 | 3 | -- | -- | 1 | 1 | -- | -- | -- | -- | -- | -- | -- | -- |
This is the percent of completed foreclosure auctions in a given geography where there were no bidders and the property became bank-owned REO (real estate owned).
| Property Type | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| All Residential Properties | 25.0% | 83.3% | 93.5% | 97.0% | 98.3% | 95.9% | 95.7% | 91.7% | 84.4% | 91.0% | 70.4% | 81.1% | 52.6% | 66.7% | 75.0% | 100.0% | 66.7% | 40.0% | 75.0% |
| Single Family | 50.0% | -- | 75.0% | 96.8% | 96.6% | 100.0% | 87.5% | 81.0% | 76.9% | 84.0% | 68.4% | 87.5% | 83.3% | 66.7% | 83.3% | 100.0% | 75.0% | 50.0% | 80.0% |
| Condominium | -- | 100.0% | 100.0% | 100.0% | 100.0% | 96.3% | 98.4% | 98.1% | 86.5% | 88.6% | 84.2% | 88.9% | 33.3% | 40.0% | 50.0% | -- | -- | 100.0% | 66.7% |
| Building with 2-4 Units | -- | 50.0% | 91.7% | 95.0% | 97.2% | 92.1% | 96.2% | 88.2% | 87.1% | 100.0% | 60.0% | 66.7% | 42.9% | 100.0% | 100.0% | 100.0% | 100.0% | -- | -- |
| Building with 5+ Units | -- | -- | -- | 100.0% | 100.0% | 100.0% | 100.0% | -- | -- | 100.0% | -- | -- | -- | -- | -- | -- | -- | -- | -- |
This indicator allows users to compare the level of REO activity across geographies. This data point represents the total number of auctions resulting in REO status on all residential parcels divided by the total number of residential parcels in a given year, multiplied by 100.
| Property Type | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| All Residential Properties | -- | 0.1 | 0.3 | 1.1 | 1.3 | 1.6 | 1.3 | 1.1 | 1.1 | 1.0 | 0.5 | 0.4 | 0.1 | 0.1 | 0.1 | -- | -- | -- | 0.1 |
Reflects the composition of a community's population by age.
Reflects the composition of a community's population by age.
| Indicator | Value |
|---|---|
| Total Population | 47,663 |
| Share of Population Aged under 18 | 20.3% |
| Share of Population Aged 18 to 44 | 44.5% |
| Share of Population Aged 45 to 64 | 24.1% |
| Share of Population Aged over 65 | 11.2% |
The composition of a community's population by respondent race and ethnicity.
The composition of a community's population by respondent race and ethnicity.
| Indicator | Value |
|---|---|
| Share of Population that is White | 33.6% |
| Share of Population that is African American | 4.2% |
| Share of Population that is Hispanic or Latino | 44.2% |
| Share of Population that is Asian | 14.8% |
| Share of Population that is Some Other Race | 3.1% |
Represents the composition of households by income in a particular geography.
Represents the composition of households by income in a particular geography.
| Indicator | Value |
|---|---|
| Total Households | 17,078 |
| Share of Households with Income Less than $25,000 | 12.5% |
| Share of Households with Income $25,000 to $50,000 | 18.8% |
| Share of Households with Income $50,000 to $100,000 | 29.3% |
| Share of Households with Income $100,000 or More | 39.3% |
Reflects the share of the population that is below a current poverty threshold.
| Indicator | Value |
|---|---|
| Share of Population that is under the Poverty Level | 13.4% |
The composition of households by tenure indicates the share of households that rent versus the share of households that own.
Represents the composition of households by tenure.
| Indicator | Value |
|---|---|
| Total Households | 17,078 |
The composition of households by tenure indicates the share of households that rent versus the share of households that own.
| Indicator | Value |
|---|---|
| Share of Households that are Owner-Occupied | 41.5% |
The composition of households by tenure indicates the share of households that rent versus the share of households that own.
| Indicator | Value |
|---|---|
| Share of Households that are Renter-Occupied | 58.5% |
A household is considered to be cost-burdened when more than 30 percent of its income is spent on mortgage, rent, or other housing needs.
| Indicator | Value |
|---|---|
| Share of Owner-Occupied Households that are Cost-Burdened | 29.2% |
A household is considered to be cost-burdened when more than 30 percent of its income is spent on mortgage, rent, or other housing needs.
| Indicator | Value |
|---|---|
| Share of Renter-Occupied Households that are Cost-Burdened | 40.5% |
| Indicator | Value |
|---|---|
| Share of All Households that are Cost-Burdened | 35.8% |