Real Estate Prices and Overview
Hubbard Woods median real estate prices are $844,628, which is more expensive than 99.7% of the neighborhoods
in Illinois and 98.3% of the
neighborhoods in the U.S.
Average rental prices in Hubbard Woods are currently
$1,131, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.1%
of the neighborhoods in Illinois.
Hubbard Woods is a suburban neighborhood (based on population
density) located in Winnetka, Illinois.
Hubbard Woods real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments.
Most of the residential real estate is owner occupied. Many of
the residences in the Hubbard Woods neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Home and apartment vacancy rates are 8.0% in
Hubbard Woods. NeighborhoodScout analysis shows that this rate is lower
than 57.6% of the neighborhoods in the nation, approximately
near the middle range for vacancies.
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
The rate of college educated adults in the Hubbard Woods neighborhood
is a unique characteristic of the neighborhood. 88.4% 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
99.9% of all U.S. neighborhoods.
In addition, wealth makes most things in life easier, and a few things harder.
If you are wealthy and enjoy keeping up with the Jones', this neighborhood
will interest you. In fact, according to NeighborhoodScout's research,
the Hubbard Woods neighborhood is wealthier than 99.0%
of the neighborhoods in the United States. Residents here are truly in
a unique situation even when compared to other Americans, based on the
shear amount of wealth concentrated here. Even in times of economic
downturn, residents of this neighborhood, as a group, suffered less
and recovered more quickly. This is indeed a stand-out characteristic
of this neighborhood.
As one would expect in a considerably wealthy neighborhood such as this,
Hubbard Woods also has one of the lowest ratings of child
poverty in the nation.
Also, think about the people you know personally. How many of them would
purchase box seats to opening night at the symphony? How many of them
regularly attend gallery openings, or are the first to reserve tickets
to opening night at the ballet? If they're like most of us, they don't
do any of these things. But if you're among an exclusive crowd of wealthy
and refined patrons of the arts, then you'll feel right at home in
the Hubbard Woods neighborhood: a neighborhood in which more
"urban sophisticates" live than 99.8% of neighborhoods
across the U.S. Here, your neighbors are defined as having urbane
tastes in literature, music, live theatre and the arts. They are wealthy,
educated, travel in style, and live a big city lifestyle whether or
not they live in or near a big city.
In addition to being an excellent choice for urban sophisticates, this
neighborhood is also a very good choice for highly educated executives , families with school-aged children and active retirees.
Notable & Unique: Diversity
Did you know that the Hubbard Woods neighborhood has more
Swiss and Lithuanian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 3.9% of
this neighborhood's residents have Swiss ancestry and 2.3% have Lithuanian ancestry.
Hubbard Woods is also pretty special linguistically. Significantly, 2.0% of its residents five years old and above primarily
speak German at home. While this may seem like a small percentage, it is higher
than 97.5% of the neighborhoods in America.
Notable & Unique: Occupations
Executives, managers and professionals make up 74.3% of the workforce
in the Hubbard Woods neighborhood which, according to
NeighborhoodScout's exclusive analysis, is a higher proportion of such
high-level people than is found in 99.1% of the neighborhoods
in America. For this reason, this neighborhood really stands out as unique.
Notable & Unique: Modes of Transportation
A unique way of commuting is simply not to. And in the Hubbard Woods
neighborhood, analysis shows that 12.9% of the residents work
from home, avoiding a commute altogether. This may not seem like a large number,
but it is a higher proportion of people working from home than is found in
97.1% of the neighborhoods in the United States.
One thing NeighborhoodScout's research reveals is that the wealthier and/or
more isolated the neighborhood, the greater the proportion of residents who
choose to work from home.
Also, in the Hubbard Woods neighborhood, 23.5% of people
ride the train to work each day. This is a very high percentage compared
to most places. In fact, NeighborhoodScout's analysis reveals that this
is a higher level of train ridership than in 96.9% of the
neighborhoods in America.
Notable & Unique: Real Estate
In addition, one way that the Hubbard Woods neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 98.7% 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.
The Neighbors: Income
There are two complementary measures for understanding the income of a
neighborhood's residents: the average and the extremes. While a neighborhood
may be relatively wealthy overall, it is equally important to understand
the rate of people - particularly children - who are living at or below the
federal poverty line, which is extremely low income. Some neighborhoods with
a lower average income may actually have a lower childhood poverty rate than
another with a higher average income, and this helps us understand the
conditions and character of a neighborhood.
The neighbors in the Hubbard Woods neighborhood in Winnetka 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
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 Hubbard Woods neighborhood, 74.3%
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 21.7% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support 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 Hubbard Woods neighborhood in Winnetka, IL, residents
most commonly identify their ethnicity or ancestry as German
(22.5%). There are also a number of people of Irish ancestry (10.9%) , and residents who report English roots (6.3%) , and some of the residents are also of Swiss ancestry (3.9%) , along with some Italian ancestry residents (3.6%), among others.
The Neighbors: Languages
The most common language spoken in the Hubbard Woods
neighborhood is English, spoken by 91.5% of households. Some people also speak Spanish (2.5%).
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 Hubbard Woods neighborhood spend
between 45 minutes and one hour commuting one-way to work (34.9% of working
residents), longer and tougher than most commutes in America.
Here most residents (65.4%) drive alone in a private automobile to get to work.
In addition, quite a number also take the train to get to work (23.5%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.