Real Estate Prices and Overview
N Buffalo Grove Rd / Thompson Blvd median real estate prices are $310,316, which is more expensive than 86.7% of the neighborhoods
in Illinois and 79.1% of the
neighborhoods in the U.S.
Average rental prices in N Buffalo Grove Rd / Thompson Blvd are currently
$1,408, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 92.1%
of the neighborhoods in Illinois.
N Buffalo Grove Rd / Thompson Blvd is an urban neighborhood (based on population
density) located in Buffalo Grove, Illinois.
N Buffalo Grove Rd / Thompson Blvd real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes.
Most of the residential real estate is owner occupied. Many of
the residences in the N Buffalo Grove Rd / Thompson Blvd neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In N Buffalo Grove Rd / Thompson Blvd, the current vacancy rate is 1.5%,
which is a lower rate of vacancies than 93.8% of all neighborhoods
in the U.S. This means that the housing supply in N Buffalo Grove Rd / Thompson Blvd
is very tight compared to the demand for property here.
Notable & Unique Neighborhood Characteristics
When you see a neighborhood for the first time, the most important thing
is often the way it looks, like its homes and its setting. Some places look
the same, but they only reveal their true character after living in them for
a while because they contain a unique mix of occupational or cultural groups.
This neighborhood is very unique in some important ways, according to
NeighborhoodScout's exclusive exploration and analysis.
Notable & Unique: Diversity
Did you know that the N Buffalo Grove Rd / Thompson Blvd neighborhood has more
Eastern European and Russian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 5.1% of
this neighborhood's residents have Eastern European ancestry and 16.3% have Russian ancestry.
N Buffalo Grove Rd / Thompson Blvd is also pretty special linguistically. Significantly, 8.1% of its residents five years old and above primarily
speak Russian at home. While this may seem like a small percentage, it is higher
than 99.5% of the neighborhoods in America.
Notable & Unique: People
Think about the people you know personally. How many of them would
purchase box seats to opening night at the symphony? How many of them
regularly attend gallery openings, or are the first to reserve tickets
to opening night at the ballet? If they're like most of us, they don't
do any of these things. But if you're among an exclusive crowd of wealthy
and refined patrons of the arts, then you'll feel right at home in
the N Buffalo Grove Rd / Thompson Blvd neighborhood: a neighborhood in which more
"urban sophisticates" live than 97.9% of neighborhoods
across the U.S. Here, your neighbors are defined as having urbane
tastes in literature, music, live theatre and the arts. They are wealthy,
educated, travel in style, and live a big city lifestyle whether or
not they live in or near a big city.
In addition to being an excellent choice for urban sophisticates, this
neighborhood is also a very good choice for families with school-aged children and highly educated executives.
In addition, do you like to read, write, and learn? Are you curious about the world? If
so, this neighborhood may be a good fit for you. NeighborhoodScout's research
revealed that a full 70.5% of the adults living in the
N Buffalo Grove Rd / Thompson Blvd neighborhood have earned at least a bachelor's
degree. This is a higher rate than NeighborhoodScout found in 96.9%
of U.S. neighborhoods. In this way, this neighborhood truly stands out.
Notable & Unique: Real Estate
In addition, most neighborhoods are composed of a mixture of ages of homes, but the N Buffalo Grove Rd / Thompson Blvd stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 95.4% of the residential real estate here was built in this one time period.
Furthermore, owner-occupied real estate dominates the N Buffalo Grove Rd / Thompson Blvd neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 95.5% of neighborhoods in America.
Also of note, many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the N Buffalo Grove Rd / Thompson Blvd neighborhood could be your paradise. With 23.5% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 4.9% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
The Neighbors: Income
There are two complimentary 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 N Buffalo Grove Rd / Thompson Blvd neighborhood in Buffalo Grove are wealthy, making it among the 15% highest income neighborhoods in America.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 92.4% of the neighborhoods in America.
In addition, 2.1% 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 84.8%
of America's neighborhoods.
The Neighbors: Occupations
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 N Buffalo Grove Rd / Thompson Blvd neighborhood, 57.6%
of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is
sales and service jobs, from major sales accounts, to working in fast food restaurants, with 24.7% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(8.9%), and 7.6% in manufacturing and laborer occupations.
The Neighbors: Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities
and ancestries have different cultural traditions, and as a result, neighborhoods
with concentrations of residents of one or another ethnicities or ancestries
will express those cultures. It is what makes the North End in Boston so fun
to visit for the Italian restaurants, bakeries, culture, and charm, and similarly,
why people enjoy visiting Chinatown in San Francisco.
In the N Buffalo Grove Rd / Thompson Blvd neighborhood in Buffalo Grove, IL, residents
most commonly identify their ethnicity or ancestry as Asian
(16.6%). There are also a number of people of Russian ancestry (16.3%) , and residents who report German roots (6.0%) , and some of the residents are also of Polish ancestry (6.0%) , along with some Eastern European ancestry residents (5.1%), among others. In addition, 23.2% of the residents of this neighborhood were born in another country.
The Neighbors: 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 N Buffalo Grove Rd / Thompson Blvd
neighborhood is English, spoken by 72.2% of households. Other important languages spoken here include Russian, Korean, Chinese and Japanese.
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 N Buffalo Grove Rd / Thompson Blvd neighborhood spend
between 15 and 30 minutes commuting one-way to work (31.8% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (90.1%) drive alone in a private automobile to get to work.
In addition, quite a number also take the train to get to work (5.5%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.