Real Estate Prices and Overview
N Buffalo Grove Rd / Thompson Blvd median real estate prices are $310,316, which is more expensive than 86.8% 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
$1,525, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 91.8%
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
The way a neighborhood looks and feels when you walk or drive around it, from
its setting, its buildings, and its flavor, can make all the difference. This
neighborhood has some really cool things about the way it looks and feels as
revealed by NeighborhoodScout's exclusive research. This might include anything
from the housing stock to the types of households living here to how people
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
If you're a regular supporter of the arts and enjoy outings to the
theatre, weekend boutique-ing, or even a finely aged wine with dinner,
than you're in good company with the people of the N Buffalo Grove Rd / Thompson Blvd
neighborhood. This neighborhood is uniquely immersed with more "urban
sophisticates" than 97.9% of neighborhoods across the
country. The people here truly stand out as a class among their own.
They are an exclusive community characterized by refined tastes,
cultural inclinations, and the means to live well. Urban sophisticates
live a big city lifestyle, whether or not they live in or near a big
city. They are educated executives or managers by week, and serial
patrons of the arts by weekend. If this lifestyle pertains to you,
than you'll certainly feel right at home in the N Buffalo Grove Rd / Thompson Blvd
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, if you love row houses and attached homes, you will probably really like the N Buffalo Grove Rd / Thompson Blvd neighborhood. The ambiance, the charm, of row houses is something special. And in shear abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 23.5% of the residential real estate here is classified as row houses and attached homes.
The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this 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
The old saying "you are what you eat" is true. But it is also true that you
are what you do for a living. The types of occupations your neighbors have
shape their character, and together as a group, their collective occupations
shape the culture of a place.
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
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 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.