Real Estate Prices and Overview
S Milwaukee Ave / Greggs Pky median real estate prices are $443,168, which is more expensive than 95.7% of the neighborhoods
in Illinois and 90.1% of the
neighborhoods in the U.S.
Average rental prices in S Milwaukee Ave / Greggs Pky are currently
$2,062, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 98.8%
of the neighborhoods in Illinois.
S Milwaukee Ave / Greggs Pky is a suburban neighborhood (based on population
density) located in Vernon Hills, Illinois.
S Milwaukee Ave / Greggs Pky real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes.
Most of the residential real estate is owner occupied. Many of
the residences in the S Milwaukee Ave / Greggs Pky neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
In S Milwaukee Ave / Greggs Pky, the current vacancy rate is 1.4%,
which is a lower rate of vacancies than 94.1% of all neighborhoods
in the U.S. This means that the housing supply in S Milwaukee Ave / Greggs Pky
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
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 1.0% of America's neighborhoods are wealthier than the
S Milwaukee Ave / Greggs Pky 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,
S Milwaukee Ave / Greggs Pky also has one of the lowest ratings of child
poverty in the nation.
In addition, a majority of the adults in the S Milwaukee Ave / Greggs Pky neighborhood
are wealthy and educated executives. They own stately
homes that tend to maintain high real estate appreciation rates. Their
upper-level careers keep them busy, but allow them to live comfortably.
If you're an executive and want to keep similar company, consider settling
in this neighborhood, rated as an executive lifestyle
"best choice" neighborhood for Illinois by NeighborhoodScout's analysis,
which rated it as better for executive lifestyles than 99.3%
of the neighborhoods in Illinois.
In addition to being an excellent choice for highly educated executives, this
neighborhood is also a very good choice for families with school-aged children and urban sophisticates.
Also, 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 S Milwaukee Ave / Greggs Pky neighborhood may actually hold
the key. 73.3% of its residents are married, which is a higher
percentage than is found in 99.1% of the neighborhoods
Finally, the rate of college educated adults in the S Milwaukee Ave / Greggs Pky neighborhood
is a unique characteristic of the neighborhood. 71.9% 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
97.3% of all U.S. neighborhoods.
Notable & Unique: Diversity
Did you know that the S Milwaukee Ave / Greggs Pky neighborhood has more
Greek and Russian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 3.2% of
this neighborhood's residents have Greek ancestry and 5.6% have Russian ancestry.
S Milwaukee Ave / Greggs Pky is also pretty special linguistically. Significantly, 4.6% of its residents five years old and above primarily
speak Korean at home. While this may seem like a small percentage, it is higher
than 98.6% of the neighborhoods in America.
Notable & Unique: Real Estate
In addition, owner-occupied real estate dominates the S Milwaukee Ave / Greggs Pky neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 98.1% of neighborhoods in America.
Furthermore, one way that the S Milwaukee Ave / Greggs Pky neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 97.9% 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.
Also of note, homes built from 2000 through today make up a higher proportion of the S Milwaukee Ave / Greggs Pky neighborhood's real estate landscape than 95.8% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 47.6% of the residential real estate here is classified as newer.
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 S Milwaukee Ave / Greggs Pky neighborhood in Vernon Hills 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 99.0% 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
A neighborhood is far different if it is dominated by enlisted military personnel
rather than people who earn their living by farming. It is also different if
most of the neighbors are clerical support or managers. What is wonderful is
the shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
In the S Milwaukee Ave / Greggs Pky neighborhood, 61.8%
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 19.9% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(14.8%), and 3.5% in manufacturing and laborer occupations.
The Neighbors: Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities
and ancestries have different cultural traditions, and as a result, neighborhoods
with concentrations of residents of one or another ethnicities or ancestries
will express those cultures. It is what makes the North End in Boston so fun
to visit for the Italian restaurants, bakeries, culture, and charm, and similarly,
why people enjoy visiting Chinatown in San Francisco.
In the S Milwaukee Ave / Greggs Pky neighborhood in Vernon Hills, IL, residents
most commonly identify their ethnicity or ancestry as Asian
(23.3%). There are also a number of people of Irish ancestry (10.7%) , and residents who report German roots (10.4%) , and some of the residents are also of Italian ancestry (8.4%) , along with some Polish ancestry residents (7.0%), among others. In addition, 21.0% of the residents of this neighborhood were born in another country.
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 S Milwaukee Ave / Greggs Pky
neighborhood is English, spoken by 73.9% of households. Other important languages spoken here include Chinese, South Asian languages, Korean and Russian.
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 S Milwaukee Ave / Greggs Pky neighborhood spend
between 15 and 30 minutes commuting one-way to work (31.3% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (87.2%) drive alone in a private automobile to get to work.
In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (6.2%) and 5.9% of residents also take the train 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.