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
$1,277, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 85.3%
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, 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 85.5% of the adults living in the
Skokie Hwy / E Old Elm Rd neighborhood have earned at least a bachelor's
degree. This is a higher rate than NeighborhoodScout found in 99.7%
of U.S. neighborhoods. In this way, this neighborhood truly stands out.
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
Executives, managers and professionals make up 71.9% of the workforce
in the Skokie Hwy / E Old Elm Rd neighborhood which, according to
NeighborhoodScout's exclusive analysis, is a higher proportion of such
high-level people than is found in 98.7% of the neighborhoods
in America. For this reason, this neighborhood really stands out as unique.
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
The freedom of moving to new places versus the comfort of home. How much
and how often people move not only can create diverse and worldly neighborhoods,
but simultaneously it can produce a loss of intimacy with one's surroundings
and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive
research has identified this neighborhood as unique with regard to the
transience of its populace.
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
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 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
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves,
Los Angeles' Persian neighborhoods. Each has its own culture derived primarily
from the ancestries and culture of the residents who call these neighborhoods
home. Likewise, each neighborhood in America has its own culture – some more
unique than others – based on lifestyle, occupations, the types of households
– and importantly – on the ethnicities and ancestries of the people who live
in the neighborhood. Understanding where people came from, who their grandparents
or great-grandparents were, can help you understand how a neighborhood is today.
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
Even if your neighborhood is walkable, you may still have to drive to your
place of work. Some neighborhoods are located where many can get to work in
just a few minutes, while others are located such that most residents have a
long and arduous commute.
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.