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
$1,672, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 94.0%
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
Many things matter about a neighborhood, but the first thing most people notice
is the way a neighborhood looks and its particular character. For example, one
might notice whether the buildings all date from a certain time period or whether
shop signs are in multiple languages. This particular neighborhood in Lake Bluff,
the Village Center neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
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
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 Lake Bluff Village Center neighborhood: a neighborhood in which more
"urban sophisticates" live than 99.2% 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 , highly educated executives and active retirees.
In addition, wealth makes most things in life easier, and a few things harder.
If you are wealthy and enjoy keeping up with the Jones', this neighborhood
will interest you. In fact, according to NeighborhoodScout's research,
the Lake Bluff Village Center neighborhood is wealthier than 99.2%
of the neighborhoods in the United States. Residents here are truly in
a unique situation even when compared to other Americans, based on the
shear amount of wealth concentrated here. Even in times of economic
downturn, residents of this neighborhood, as a group, suffered less
and recovered more quickly. This is indeed a stand-out characteristic
of this neighborhood.
Also, 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 80.5% of the adults living in the
Lake Bluff Village Center neighborhood have earned at least a bachelor's
degree. This is a higher rate than NeighborhoodScout found in 99.1%
of U.S. neighborhoods. In this way, this neighborhood truly stands out.
Notable & Unique: Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you.
NeighborhoodScout's research revealed that 12.3% of the Lake Bluff
Village Center neighborhood's commuters ride the train to and from work each
day, which is more than we found in 95.0% of America's
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 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 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
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 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.