Real Estate Prices and Overview
W Dundee Rd / S Buffalo Grove Rd median real estate prices are $198,794, which is more expensive than 63.3% of the neighborhoods
in Illinois and 60.9% of the
neighborhoods in the U.S.
Average rental prices in W Dundee Rd / S Buffalo Grove Rd are currently
$926, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.3%
of the neighborhoods in Illinois.
W Dundee Rd / S Buffalo Grove Rd is an urban neighborhood (based on population
density) located in Buffalo Grove, Illinois.
W Dundee Rd / S Buffalo Grove Rd real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments.
Most of the residential real estate is owner occupied. Many of
the residences in the W Dundee Rd / S Buffalo Grove Rd 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 W Dundee Rd / S Buffalo Grove Rd, the current vacancy rate is 0.0%,
which is a lower rate of vacancies than 100.0% of all neighborhoods
in the U.S. This means that the housing supply in W Dundee Rd / S Buffalo Grove Rd
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 W Dundee Rd / S Buffalo Grove Rd neighborhood has more
Russian and Czechoslovakian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 13.1% of
this neighborhood's residents have Russian ancestry and 1.6% have Czechoslovakian ancestry.
W Dundee Rd / S Buffalo Grove Rd is also pretty special linguistically. Significantly, 13.9% 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 99.8% of the neighborhoods in America.
Notable & Unique: Migration/Stability
Do you like to be surrounded by people from all over the country or world,
with different perspectives and life experiences? Or do you instead prefer
to be in a neighborhood where most residents have lived there for a long
time, creating a sense of cohesiveness? NeighborhoodScout's analysis
reveals that this neighborhood stands out among American neighborhoods
for the uniqueness of the mobility of its residents.
More residents of the W Dundee Rd / S Buffalo Grove Rd neighborhood live here
today that also were living in this same neighborhood five years ago
than is found in 96.7% of U.S. neighborhoods. This neighborhood
is really made up of people who know each other, don't move often, and
have lived here in this very neighborhood for quite a while.
Notable & Unique: Real Estate
In addition, this neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the W Dundee Rd / S Buffalo Grove Rd neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
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 W Dundee Rd / S Buffalo Grove Rd neighborhood in Buffalo Grove are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 83.2% of the neighborhoods in America.
In addition, 4.7% 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 76.6%
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 W Dundee Rd / S Buffalo Grove Rd neighborhood, 52.6%
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 20.9% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(13.9%), and 12.7% 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 W Dundee Rd / S Buffalo Grove Rd neighborhood in Buffalo Grove, IL, residents
most commonly identify their ethnicity or ancestry as Russian
(13.1%). There are also a number of people of German ancestry (10.6%) , and residents who report Italian roots (9.2%) , and some of the residents are also of Polish ancestry (8.2%) , along with some Asian ancestry residents (6.7%), among others. In addition, 23.9% 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 W Dundee Rd / S Buffalo Grove Rd
neighborhood is English, spoken by 65.8% of households. Other important languages spoken here include Russian, Spanish, Polish and Vietnamese.
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 W Dundee Rd / S Buffalo Grove Rd neighborhood spend
between 15 and 30 minutes commuting one-way to work (44.3% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (91.0%) drive alone in a private automobile to get to work.
In addition, quite a number also take the train to get to work (5.2%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.