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Real Estate Prices & Overview

Fairhaven Heights / Fairhaven median real estate price is $302,625, which is more expensive than 58.4% of the neighborhoods in Illinois and 43.0% of the neighborhoods in the U.S.

The average rental price in Fairhaven Heights / Fairhaven is currently $2,923, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 86.2% of the neighborhoods in Illinois.

Fairhaven Heights / Fairhaven is a suburban neighborhood (based on population density) located in Channahon, Illinois.

Fairhaven Heights / Fairhaven real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Fairhaven Heights / Fairhaven neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In Fairhaven Heights / Fairhaven, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Fairhaven Heights / Fairhaven 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.

Real Estate

This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Fairhaven Heights / Fairhaven neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.

Modes of Transportation

Our research reveals that 91.4% of commuters who live in the Fairhaven Heights / Fairhaven neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 97.7% of U.S. neighborhoods.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Fairhaven Heights / Fairhaven neighborhood have a highly unusual car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 33.8% of the households here have four, five, or more cars. That is more cars per household than in 95.4% of the neighborhoods in the nation.

People

If you're looking for a great spot to raise a family, then look no further than the Fairhaven Heights / Fairhaven neighborhood. NeighborhoodScout's analysis found that the combination of good quality public schools, above-average safety from crime, and a high rate of home ownership in predominantly single-family homes, help make this neighborhood among the top 10.9% of family-friendly neighborhoods across the state of Illinois. In addition, there are a high proportion of other families with school-aged children living here, making it easy for parents and their children to socialize and develop a sense of community support. In addition, families here highly value education, as is reflected by the strength of the local schools, in part due to the educational attainment of the parents here, who vote in support of the public schools.

Diversity

Did you know that the Fairhaven Heights / Fairhaven neighborhood has more Croatian and Slovak ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.0% of this neighborhood's residents have Croatian ancestry and 2.9% have Slovak ancestry.

Fairhaven Heights / Fairhaven is also pretty special linguistically. Significantly, 13.4% of its residents five years old and above primarily speak Polish at home. While this may seem like a small percentage, it is higher than 99.1% of the neighborhoods in America.

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 Fairhaven Heights / Fairhaven neighborhood live here today that also were living in this same neighborhood five years ago than is found in 98.8% 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.

The Neighbors

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 Fairhaven Heights / Fairhaven neighborhood in Channahon 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 88.1% of the neighborhoods in America. With 14.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 58.8% of U.S. neighborhoods.

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 Fairhaven Heights / Fairhaven neighborhood, 34.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 30.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.2%), and 14.5% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Fairhaven Heights / Fairhaven neighborhood is English, spoken by 94.3% of households. Other important languages spoken here include Polish, Italian and Spanish.

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 Fairhaven Heights / Fairhaven neighborhood in Channahon, IL, residents most commonly identify their ethnicity or ancestry as German (27.1%). There are also a number of people of Irish ancestry (23.0%), and residents who report Italian roots (16.1%), and some of the residents are also of Polish ancestry (10.4%), along with some English ancestry residents (8.4%), among others.

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 Fairhaven Heights / Fairhaven neighborhood spend between 15 and 30 minutes commuting one-way to work (27.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (91.4%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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