Real Estate Prices and Overview
Median real estate prices in the Village Center of Buffalo Grove are $281,943, which is more expensive than 83.0% of the neighborhoods
in Illinois and 75.8% of the
neighborhoods in the U.S.
Average rental prices in Buffalo Grove Village Center are currently
$1,541, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 94.6%
of the neighborhoods in Illinois.
Buffalo Grove Village Center is an urban neighborhood (based on population
density) located in Buffalo Grove, Illinois.
Real estate in the Village Center of Buffalo Grove, IL 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 Village Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
In Buffalo Grove Village Center, 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 Buffalo Grove Village Center
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 Buffalo Grove Village Center neighborhood has more
Ukrainian and Russian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 7.3% of
this neighborhood's residents have Ukrainian ancestry and 13.5% have Russian ancestry.
Buffalo Grove Village Center is also pretty special linguistically. Significantly, 15.9% 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: People
Of note is NeighborhoodScout's research finding that the Buffalo Grove
Village Center neighborhood has some of the lowest rates of children
living in poverty of any neighborhood in the United States. In a nation
where approximately 1 in 4 children are living in poverty, the Buffalo Grove
Village Center community truly stands out from the rest in this regard.
In addition, the rate of college educated adults in the Buffalo Grove Village Center neighborhood
is a unique characteristic of the neighborhood. 68.0% of
adults here have received at least a 4-year bachelor's degree, compared to
the average neighborhood in America, which has 22.6% of the adults with a
bachelor's degree. The rate here is higher than NeighborhoodScout found in
96.1% of all U.S. neighborhoods.
Also, 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 Buffalo Grove Village Center neighborhood: a neighborhood in which more
"urban sophisticates" live than 95.0% 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 highly educated executives , active retirees and college students.
Notable & Unique: Occupations
Executives, managers and professionals make up 65.4% of the workforce
in the Buffalo Grove Village Center neighborhood which, according to
NeighborhoodScout's exclusive analysis, is a higher proportion of such
high-level people than is found in 96.6% of the neighborhoods
in America. For this reason, this neighborhood really stands out as unique.
Notable & Unique: Real Estate
In addition, with a real estate vacancy rate of only 0.0%, the Buffalo Grove Village Center neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
Furthermore, 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 Buffalo Grove Village Center neighborhood could be your paradise. With 34.5% 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 2.6% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
Also of note, most neighborhoods are composed of a mixture of ages of homes, but the Buffalo Grove Village Center 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, 89.0% of the residential real estate here was built in this one time period.
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 Village Center 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 94.9% of the neighborhoods in America.
In addition, 0.0% 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 99.9%
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 Buffalo Grove Village Center neighborhood, 65.4%
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 18.2% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(11.4%), and 5.1% 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 Village Center neighborhood in Buffalo Grove, IL, residents
most commonly identify their ethnicity or ancestry as Asian
(17.1%). There are also a number of people of Russian ancestry (13.5%) , and residents who report German roots (8.9%) , and some of the residents are also of Ukrainian ancestry (7.3%) , along with some Polish ancestry residents (4.5%), among others. In addition, 27.3% 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 Buffalo Grove Village Center
neighborhood is English, spoken by 67.2% of households. Other important languages spoken here include Russian, South Asian languages, Hindi (which is the official language of India) 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 Buffalo Grove Village Center neighborhood spend
between 15 and 30 minutes commuting one-way to work (33.6% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (89.0%) drive alone in a private automobile to get to work.
In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (5.9%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.