Most Expensive Lake Forest Neighborhoods
|1||E Westleigh Rd / S Gr...|
|2||City Center / Lake Fo...|
|3||West Lake Forest|
|4||Skokie Hwy / E Old El...|
|5||Deerpath / Skokie Jun...|
Real estate in popular Lake Forest neighborhoods
Popular real estate near Lake Forest, IL
About Lake Forest
Lake Forest is a medium-sized city located in the state of Illinois. With a population of 19,457 people and five constituent neighborhoods, Lake Forest is the 125th largest community in Illinois.
Lake Forest home prices are not only among the most expensive in Illinois, but Lake Forest real estate also consistently ranks among the most expensive in America.
Lake Forest is a decidedly white-collar city, with fully 94.56% of the workforce employed in white-collar jobs, well above the national average. Overall, Lake Forest is a city of managers, professionals and sales and office workers. There are especially a lot of people living in Lake Forest who work in management occupations (24.15%), sales jobs (17.77%) and business and financial occupations (10.34%).
Of important note, Lake Forest is also a city of artists. Lake Forest has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Lake Forest’s character.
Telecommuters are a relatively large percentage of the workforce: 11.21% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, Lake Forest is a great place for families with children to consider. First of all, many other families with children live here, making Lake Forest a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Lake Forest has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Lake Forest’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
Despite being a small city, Lake Forest has a lot of people using the train to get to and from work every day. Most of these people on the train are using it to get to good jobs in other cities.
If knowledge is power, Lake Forest is a pretty powerful place. 75.07% of the adults in Lake Forest have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Lake Forest in 2010 was $84,139, which is wealthy relative to Illinois and the nation. This equates to an annual income of $336,556 for a family of four.
The people who call Lake Forest home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake Forest residents report their race to be White, followed by Asian. Important ancestries of people in Lake Forest include German, Irish, English, Italian, Polish and Swedish.
The most common language spoken in Lake Forest is English. Other important languages spoken here include Spanish and Chinese.
|LAKE FOREST INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||6,763|
|LAKE FOREST HOME OWNERSHIP|
|% OWNER OCCUPIED||91.32%|
|% RENTER OCCUPIED||8.68%|
|TYPE OF LAKE FOREST HOMES|
|SINGLE FAMILY DETACHED||82.19%|
|ROWHOUSES AND ATTACHED HOMES||5.76%|
|SMALL APARTMENT BUILDINGS||1.85%|
|COMPLEXES OR HIGH RISE APARTMENTS||9.35%|
|SIZE OF LAKE FOREST HOMES|
|5 OR MORE BEDROOMS||24.21%|
|AGE OF LAKE FOREST HOMES|
|NEWER HOMES (2000 OR LATER)||10.96%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||42.96%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||29.02%|
|HISTORIC (1939 OR BEFORE)||17.06%|
|LAKE FOREST REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$768,799|
|MEDIAN RENTAL PRICE||$1,240|
|HOME VALUE RANGE|
|$0 - $44,000||0.99%|
|$44,001 - $89,000||1.14%|
|$89,001 - $178,000||3.19%|
|$178,001 - $266,000||2.82%|
|$266,001 - $355,000||5.26%|
|$355,001 - $444,000||4.37%|
|$444,001 - $666,000||22.68%|
|$666,001 - $888,000||20.56%|
|PEOPLE OF LAKE FOREST||DETAILS|
|UNDER 5 YEARS||3.93%|
|5 TO 17||21.99%|
|18 TO 24||9.92%|
|25 TO 34||3.76%|
|35 TO 54||27.65%|
|55 TO 64||15.30%|
|65 YEARS AND OVER||17.44%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||97.81%|
|MEDIAN HOUSEHOLD INCOME||$136,583|
|PER CAPITA INCOME||$84,139|
|INDIVIDUALS BELOW POVERTY LEVEL||4.53%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (14.86%)
Real estate (5.75%)
Information Technology (2.03%)
|BLACK OR AFRICAN AMERICAN||1.10%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.14%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.01%|
|SOME OTHER RACE ALONE||0.68%|
|TWO OR MORE RACES||1.30%|
|HISPANIC OR LATINO (OF ANY RACE)||2.80%|
|ETHNICITIES PRESENT||German (15.92%)
|LANGUAGES SPOKEN||English (86.29%)
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