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 19,448 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 93.78% of the workforce employed in white-collar jobs, well above the national average. Overall, Lake Forest is a city of managers, sales and office workers and professionals. There are especially a lot of people living in Lake Forest who work in management occupations (24.94%), sales jobs (18.66%) and business and financial occupations (10.33%).
One interesting thing about the economy is that relatively large numbers of people worked from their home: 10.39% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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.
Lake Forest is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the 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.
Even though Lake Forest is a smaller city, it has many people who hop on public transportation – mostly the train for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.
Do you like to read, write and learn? If you move to Lake Forest, you'll likely find that many of your neighbors like to as well. Lake Forest is one of the more educated communities in America, with a full 72.50% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Lake Forest in 2010 was $88,332, which is wealthy relative to Illinois and the nation. This equates to an annual income of $353,328 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 Korean.
|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||80.25%|
|ROWHOUSES AND ATTACHED HOMES||7.28%|
|SMALL APARTMENT BUILDINGS||2.25%|
|COMPLEXES OR HIGH RISE APARTMENTS||9.63%|
|SIZE OF LAKE FOREST HOMES|
|5 OR MORE BEDROOMS||23.56%|
|AGE OF LAKE FOREST HOMES|
|NEWER HOMES (2000 OR LATER)||11.12%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||43.81%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||28.93%|
|HISTORIC (1939 OR BEFORE)||16.15%|
|LAKE FOREST REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$715,702|
|MEDIAN RENTAL PRICE||$985|
|HOME VALUE RANGE|
|$0 - $43,000||0.76%|
|$43,001 - $86,000||0.94%|
|$86,001 - $172,000||3.13%|
|$172,001 - $257,000||2.42%|
|$257,001 - $343,000||5.39%|
|$343,001 - $429,000||4.51%|
|$429,001 - $643,000||22.85%|
|$643,001 - $858,000||21.94%|
|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||97.44%|
|MEDIAN HOUSEHOLD INCOME||$133,264|
|PER CAPITA INCOME||$88,332|
|INDIVIDUALS BELOW POVERTY LEVEL||4.20%|
|INDUSTRIES PEOPLE WORK IN||Finance (14.90%)
Professional, scientific, and technical services (13.46%)
Real estate (6.13%)
|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 (16.75%)
|LANGUAGES SPOKEN||English (85.77%)
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Lake Forest, IL zip codes