Real Estate Prices and Overview
Skokie Hwy / E Old Elm Rd median real estate prices are $731,981, 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 Skokie Hwy / E Old Elm Rd are currently
$1,008, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 78.7%
of the neighborhoods in Illinois.
Skokie Hwy / E Old Elm Rd is a suburban neighborhood (based on population
density) located in Lake Forest, Illinois.
Skokie Hwy / E Old Elm Rd real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes.
Most of the residential real estate is owner occupied. Many of
the residences in the Skokie Hwy / E Old Elm Rd neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Skokie Hwy / E Old Elm Rd, the current vacancy rate is 0.6%,
which is a lower rate of vacancies than 95.9% of all neighborhoods
in the U.S. This means that the housing supply in Skokie Hwy / E Old Elm Rd
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: People
According to NeighborhoodScout's exclusive analysis, Skokie Hwy / E Old Elm Rd
is among the best neighborhoods for families in Illinois. In fact, this neighborhood is
more family-friendly than 99.9% of neighborhoods
in the entire state of Illinois. Its combination of top public
schools, low crime rates, and owner-occupied single family homes gives
this area the look and feel of a "Leave It to Beaver" episode. Many other
families also live here, making it easy to socialize and develop a strong
sense of community. In addition, the high number of college-educated parents
influences the academic success of the local schools. Overall, you will
find all of the amenities a family needs to thrive in the
Skokie Hwy / E Old Elm Rd neighborhood.
In addition to being an excellent choice for families with school-aged children, this
neighborhood is also a very good choice for highly educated executives , urban sophisticates 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 0.3% of America's neighborhoods are wealthier than the
Skokie Hwy / E Old Elm Rd 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.
As one would expect in a considerably wealthy neighborhood such as this,
Skokie Hwy / E Old Elm Rd also has one of the lowest ratings of child
poverty in the nation.
Also, the rate of college educated adults in the Skokie Hwy / E Old Elm Rd neighborhood
is a unique characteristic of the neighborhood. 85.5% 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
99.7% of all U.S. neighborhoods.
Finally, priests and therapists would like to think they know the secrets to a
truly successful marriage, but according to NeighborhoodScout's research,
the folks of the Skokie Hwy / E Old Elm Rd neighborhood may actually hold
the key. 68.5% of its residents are married, which is a higher
percentage than is found in 96.8% of the neighborhoods
Notable & Unique: Occupations
The Skokie Hwy / E Old Elm Rd neighborhood has a higher proportion of
its residents employed as executives, managers and professionals than
98.7% of the neighborhoods in American. In fact, 71.9%
of the employed people here make a living as an executive, a manager, or
other professional. With such a high concentration, this truly shapes
the character of this neighborhood, and to a large degree defines what
this neighborhood is about.
Notable & Unique: Diversity
Did you know that the Skokie Hwy / E Old Elm Rd neighborhood has more
Armenian and Welsh ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.3% of
this neighborhood's residents have Armenian ancestry and 1.8% have Welsh ancestry.
Skokie Hwy / E Old Elm Rd is also pretty special linguistically. Significantly, 1.3% of its residents five years old and above primarily
speak Greek at home. While this may seem like a small percentage, it is higher
than 98.2% of the neighborhoods in America.
Notable & Unique: Migration/Stability
Do you like to be surrounded by people from all over the country or world,
with different perspectives and life experiences? Or do you instead prefer
to be in a neighborhood where most residents have lived there for a long
time, creating a sense of cohesiveness? NeighborhoodScout's analysis
reveals that this neighborhood stands out among American neighborhoods
for the uniqueness of the mobility of its residents.
More residents of the Skokie Hwy / E Old Elm Rd neighborhood live here
today that also were living in this same neighborhood five years ago
than is found in 96.4% of U.S. neighborhoods. This neighborhood
is really made up of people who know each other, don't move often, and
have lived here in this very neighborhood for quite a while.
Notable & Unique: Real Estate
In addition, one way that the Skokie Hwy / E Old Elm Rd neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.5% 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.
Furthermore, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Skokie Hwy / E Old Elm Rd neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 99.1% of all American neighborhoods.
Also of note, real estate in the Skokie Hwy / E Old Elm Rd neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 98.4% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood. With a real estate vacancy rate of only 0.6%, the Skokie Hwy / E Old Elm Rd neighborhood has a lower vacancy rate than 95.9% 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.
The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this neighborhood.
The neighbors in the Skokie Hwy / E Old Elm Rd neighborhood in Lake Forest 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 99.7% 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
The old saying "you are what you eat" is true. But it is also true that you
are what you do for a living. The types of occupations your neighbors have
shape their character, and together as a group, their collective occupations
shape the culture of a place.
In the Skokie Hwy / E Old Elm Rd neighborhood, 71.9%
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 16.6% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(7.6%), and 3.8% 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 Skokie Hwy / E Old Elm Rd neighborhood in Lake Forest, IL, residents
most commonly identify their ethnicity or ancestry as German
(21.0%). There are also a number of people of Irish ancestry (12.2%) , and residents who report English roots (10.9%) , and some of the residents are also of Asian ancestry (5.9%) , along with some Italian ancestry residents (4.6%), among others.
The Neighbors: Languages
The most common language spoken in the Skokie Hwy / E Old Elm Rd
neighborhood is English, spoken by 85.4% of households. Some people also speak Spanish (3.9%).
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 Skokie Hwy / E Old Elm Rd neighborhood spend
between 45 minutes and one hour commuting one-way to work (31.0% of working
residents), longer and tougher than most commutes in America.
Here most residents (74.9%) drive alone in a private automobile to get to work.
In addition, quite a number also take the train to get to work (11.5%) and 10.7% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.