Real Estate Prices and Overview
Old Checker Rd / Checker Dr median real estate prices are $296,843, which is more expensive than 85.0% of the neighborhoods
in Illinois and 77.6% of the
neighborhoods in the U.S.
Average rental prices in Old Checker Rd / Checker Dr are currently
$1,848, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 96.5%
of the neighborhoods in Illinois.
Old Checker Rd / Checker Dr is a suburban neighborhood (based on population
density) located in Buffalo Grove, Illinois.
Old Checker Rd / Checker Dr 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 Old Checker Rd / Checker Dr 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 Old Checker Rd / Checker Dr, the current vacancy rate is 0.6%,
which is a lower rate of vacancies than 95.9% of all neighborhoods
in the U.S. This means that the housing supply in Old Checker Rd / Checker Dr
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 Old Checker Rd / Checker Dr neighborhood has more
Greek and Russian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 3.9% of
this neighborhood's residents have Greek ancestry and 8.9% have Russian ancestry.
Old Checker Rd / Checker Dr is also pretty special linguistically. Significantly, 6.7% 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 99.4% 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 Old Checker Rd / Checker Dr neighborhood: a neighborhood in which more
"urban sophisticates" live than 97.1% 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, astoundingly, NeighborhoodScout's research reveals that this single
neighborhood has a higher concentration of married couples living here
than 95.4% of all U.S. neighborhoods. Whether they have
school-aged children or not, married couples are the rule in the
Old Checker Rd / Checker Dr neighborhood. If you are a married couple, you may find many
people here with a similar lifestyle, and perhaps common interests. But if
you are single, you might not find many other singles here.
Notable & Unique: Real Estate
In addition, real estate in the Old Checker Rd / Checker Dr neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 95.7% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood. This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.6% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Old Checker Rd / Checker Dr 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.
Furthermore, most neighborhoods are composed of a mixture of ages of homes, but the Old Checker Rd / Checker Dr 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, 80.4% of the residential real estate here was built in this one time period.
The Neighbors: Income
There are two complementary 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 Old Checker Rd / Checker Dr 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 93.4% of the neighborhoods in America.
In addition, 0.7% 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 88.8%
of America's neighborhoods.
The Neighbors: Occupations
A neighborhood is far different if it is dominated by enlisted military personnel
rather than people who earn their living by farming. It is also different if
most of the neighbors are clerical support or managers. What is wonderful is
the shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
In the Old Checker Rd / Checker Dr neighborhood, 60.9%
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 19.1% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(13.5%), and 6.6% in manufacturing and laborer occupations.
The Neighbors: Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents,
our houses of worship, and much of our culture – our learned behavior - comes
from our ancestors. That is why ancestry and ethnicity can be so interesting
and important to understand: places with concentrations of people of one or
more ancestries often express those shared learned behaviors and this gives
each neighborhood its own culture. Even different neighborhoods in the same
city can have drastically different cultures.
In the Old Checker Rd / Checker Dr neighborhood in Buffalo Grove, IL, residents
most commonly identify their ethnicity or ancestry as Asian
(13.8%). There are also a number of people of German ancestry (9.5%) , and residents who report Irish roots (9.2%) , and some of the residents are also of Russian ancestry (8.9%) , along with some Italian ancestry residents (5.8%), among others. In addition, 19.6% 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 Old Checker Rd / Checker Dr
neighborhood is English, spoken by 77.9% of households. Other important languages spoken here include Russian, Korean, South Asian languages and Spanish.
Getting to Work
Even if your neighborhood is walkable, you may still have to drive to your
place of work. Some neighborhoods are located where many can get to work in
just a few minutes, while others are located such that most residents have a
long and arduous commute.
The greatest number of commuters in Old Checker Rd / Checker Dr neighborhood spend
between 30 and 45 minutes commuting one-way to work (29.8% of working
residents), which is at or a bit above the average length of a commute across all U.S.
Here most residents (88.6%) drive alone in a private automobile to get to work.
In addition, quite a number also take the train to get to work (6.3%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.