Everything You Should Know Before Moving to Hyde Park, IL
Considering a move to Hyde Park, IL? This vibrant Chicago neighborhood offers a diverse population of roughly 25,500, a strong academic vibe thanks to the University of Chicago, and a median home price around $375,000. Renters will find average two-bedroom rents at $1,520, with a cost of living slightly above the national average. Residents benefit from excellent healthcare, highly rated schools, and a lively cultural scene, though crime rates and commute times are typical for urban Chicago. With its walkable streets, rich history, and lakefront parks, Hyde Park is an appealing spot for students, professionals, and families alike.
Demographics - Hyde Park, IL
Demographics - Hyde Park, IL
Hyde Park is home to approximately 25,500 residents, with a balanced mix of White and Black populations each making up 38%, and a significant Asian community. The median age is 32.6, reflecting a youthful, diverse neighborhood where about 22% of residents speak a language other than English at home.
Population:
25,500
Density:
12,000 per sq mi
Median Age:
32.6
Gender Ratio:
91 males per 100 females
Non-English Speakers Percentage:
22%
Ethnic Composition
White:
38%
Black:
38%
Asian:
10%
Others:
14%
Cost Of Living
What is the average cost of living in Hyde Park, IL?
With a median home value of $375,000 and average two-bedroom rent at $1,520, Hyde Park’s cost of living index of 116.0 points to slightly higher expenses than the national average, especially in housing. Utilities and groceries remain close to average, while state taxes range from 4.95% to 7.99%, making budgeting important for new residents.
Median House Value:
$375,000
Gross Rent:
$1,520
Monthly Electricity Charges:
$105
Auto Insurance:
$1,320
House Owner Cost With Mortgage:
$2,050
House Owner Cost Without Mortgage:
$720
State Taxes:
Low:
4.95%
|
High:
7.99%
Cost Of Living Index:
116.0
Grocery:
103.5
Housing:
125.0
Utilities:
98.0
Transportation:
110.0
Health Care:
104.0
Miscellaneous:
102.5
Crime
Is Hyde Park, IL a safe place to live?
Hyde Park experiences moderate crime typical of urban Chicago, with a violent crime rate of 435 per 100,000 and a 1 in 46 chance of property crime. Residents should remain aware of their surroundings, but many enjoy the neighborhood’s active community and safety initiatives.
Violent Crimes Per 100k:
435
Property Crimes Per 100k:
2,150
Crime Index:
2,585
Chance Of Violent Crime:
1 in 230
Chance Of Property Crime:
1 in 46
Weather
What is the weather like in Hyde Park, IL year-round?
Hyde Park features four distinct seasons, with cold winters averaging lows around 20°F and warm summers peaking near 83°F. The area enjoys about 52% sunny days each year and receives nearly 37 inches of rainfall, making for a vibrant, green environment.
Winter
Min:
20°F
Max:
36°F
Spring
Min:
42°F
Max:
65°F
Summer
Min:
65°F
Max:
83°F
Fall
Min:
45°F
Max:
68°F
Average Rainfall Inches:
36.9 inches
Sunny Days Percentage:
52%
Neighbors
The neighborhood has a median household income of $62,500 and a poverty rate of 18.5%, reflecting economic diversity. Over 92% of adults have at least a high school diploma, and nearly a quarter of residents use public transportation, with average commutes of about 33 minutes.
Median Income:
$39,500
Household Income:
$62,500
Family Income:
$80,000
Per Capita Income:
$38,200
Income Male:
$45,200
Income Female:
$38,900
Poverty Rate:
18.5%
Non English Speakers:
22%
Rent:
$1,520
Unemployment Rate:
5.8%
Public Transport Usage:
23.0%
Commute Time:
32.8 minutes
Education
High School or Higher:
92.1%
Bachelors or More:
63.5%
Education
How are the schools in Hyde Park, IL?
Hyde Park offers strong educational opportunities, including public schools like Ray Elementary and Kenwood Academy High School, as well as the prestigious University of Chicago Laboratory Schools. The neighborhood is anchored by the University of Chicago, making it an academic hub for students and families.
Public Schools
Name:
Ray Elementary School
Street:
5631 S Kimbark Ave
Phone:
773-535-0970
Students:
630
Student Teacher Ratio:
16.5
Name:
Kenwood Academy High School
Street:
5015 S Blackstone Ave
Phone:
773-535-1350
Students:
1,630
Student Teacher Ratio:
18.2
Private Schools
Name:
University of Chicago Laboratory Schools
Street:
1362 E 59th St
Phone:
773-702-9450
Students:
2,100
Colleges
Name:
University of Chicago
City:
Chicago
State:
IL
Distance:
0 miles
Students:
17,500
Healthcare
Hyde Park residents have access to excellent medical care, anchored by the University of Chicago Medical Center and supported by a high physician-to-population ratio of 3.0 per 1,000 people. Health insurance coverage is strong at 91.2%, ensuring most residents can access the services they need.
Major Hospitals
Name:
University of Chicago Medical Center
Address:
5841 S Maryland Ave, Chicago, IL 60637
Phone:
(773) 702-1000
Type:
General & Teaching
Emergency Services:
Yes
Name:
Mercy Hospital & Medical Center
Address:
2525 S Michigan Ave, Chicago, IL 60616
Phone:
(312) 567-2000
Type:
General
Emergency Services:
Yes
Physicians Per 1000:
3.0
Health Insurance Coverage:
91.2%
Health Care Index:
73.3
Housing Market
What is the housing market like in Hyde Park, IL?
Hyde Park’s median home price is $375,000, with an average two-bedroom rent of $1,520 and about 43% of homes owner-occupied. The market is stable, showing a 5.1% annual appreciation rate and low foreclosure rates, appealing to both buyers and renters.
Median Home Price:
$375,000
Average Rent For 2 Bedroom:
$1,520
Owner Occupied Rate:
43.2%
Rental Vacancy Rate:
7.0%
Home Appreciation Rate (1yr):
5.1%
New Construction Rate:
1.2%
Foreclosure Rate:
0.6%
DMV Information
Residents can access driver's services at the Illinois Secretary of State Driver Services Facility on S Dr Martin Luther King Jr Dr in Chicago. The DMV provides standard licensing, registration, and vehicle services for Hyde Park and the greater Chicago area.
State:
Illinois
Department:
Illinois Secretary of State Driver Services Facility
Address:
9901 S Dr Martin Luther King Jr Dr, Chicago, IL 60628
Phone:
1-800-252-8980
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.