Real Estate Prices and Overview
Median real estate prices in the Village Center of Lake Bluff are $733,052, which is more expensive than 99.5% of the neighborhoods
in Illinois and 97.4% of the
neighborhoods in the U.S.
Average rental prices in Lake Bluff Village Center are currently
$1,120, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.1%
of the neighborhoods in Illinois.
Lake Bluff Village Center is a suburban neighborhood (based on population
density) located in Lake Bluff, Illinois.
Real estate in the Village Center of Lake Bluff, IL is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings.
Most of the residential real estate is owner occupied. Many of
the residences in the Village Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
In Lake Bluff Village Center, the current vacancy rate is 3.9%,
which is a lower rate of vacancies than 82.6% of all neighborhoods
in the U.S. This means that the housing supply in Lake Bluff Village Center
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 Lake Bluff Village Center neighborhood has more
British and Danish ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 3.3% of
this neighborhood's residents have British ancestry and 3.1% have Danish ancestry.
Lake Bluff Village Center is also pretty special linguistically. Significantly, 2.4% of its residents five years old and above primarily
speak Hindi, which is the official language of India at home. While this may seem like a small percentage, it is higher
than 97.9% 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 Lake Bluff Village Center
neighborhood. This neighborhood is uniquely immersed with more "urban
sophisticates" than 99.2% 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 Lake Bluff Village Center
In addition to being an excellent choice for urban sophisticates, this
neighborhood is also a very good choice for families with school-aged children , highly educated executives and active retirees.
In addition, if you come to know the people here, you will recognize that you're
in the company of one of the wealthiest communities in the nation. In
fact, a mere 0.8% of America's neighborhoods are wealthier than the
Lake Bluff Village Center neighborhood. Real estate here is exceedingly
well-maintained, and similarly, tends to maintain its value over time.
The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and
Lexus. If the public schools aren't up to snuff, the residents of this
neighborhood preferentially send their children to private preparatory
schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
Also, the rate of college educated adults in the Lake Bluff Village Center neighborhood
is a unique characteristic of the neighborhood. 80.5% 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
99.1% of all U.S. neighborhoods.
Notable & Unique: Modes of Transportation
In the Lake Bluff Village Center neighborhood, 12.3% of people
ride the train to work each day. This is a very high percentage compared
to most places. In fact, NeighborhoodScout's analysis reveals that this
is a higher level of train ridership than in 95.0% of the
neighborhoods in America.
Notable & Unique: Real Estate
In addition, one way that the Lake Bluff Village Center neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 97.0% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
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 Lake Bluff 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 99.2% of the neighborhoods in America.
In addition, 4.2% 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 78.2%
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 Lake Bluff Village Center neighborhood, 61.0%
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 27.1% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(7.9%), and 4.0% in clerical, assistant, and tech support 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 Lake Bluff, IL, residents
most commonly identify their ethnicity or ancestry as Irish
(18.4%). There are also a number of people of English ancestry (12.8%) , and residents who report German roots (12.0%) , and some of the residents are also of French ancestry (5.1%) , along with some Norwegian ancestry residents (4.0%), among others.
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 Lake Bluff Village Center
neighborhood is English, spoken by 93.4% of households. Other important languages spoken here include South Asian languages and Hindi (which is the official language of India).
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 Lake Bluff Village Center neighborhood spend
under 15 minutes commuting one-way to work (33.8% of working
residents), one of the shortest commutes across America.
Here most residents (79.0%) drive alone in a private automobile to get to work.
In addition, quite a number also take the train to get to work (12.3%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.