Most Expensive Lake Forest Neighborhoods
Lake Forest is a medium-sized city located in the state of Illinois. With a population of 19,379 people and five constituent neighborhoods, Lake Forest is the 125th largest community in Illinois.
Lake Forest home prices are not only among the most expensive in Illinois, but Lake Forest real estate also consistently ranks among the most expensive in America.
Lake Forest is a decidedly white-collar city, with fully 94.94% of the workforce employed in white-collar jobs, well above the national average. Overall, Lake Forest is a city of managers, professionals and sales and office workers. There are especially a lot of people living in Lake Forest who work in management occupations (23.76%), sales jobs (18.36%) and business and financial occupations (10.31%).
Also of interest is that Lake Forest has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 12.99% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, Lake Forest is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Lake Forest really has some of the features that families look for when choosing a good community to raise children. Is Lake Forest perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
Even though Lake Forest is a smaller city, it has many people who hop on public transportation – mostly the train for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.
If knowledge is power, Lake Forest is a pretty powerful place. 75.23% of the adults in Lake Forest have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Lake Forest in 2010 was $86,004, which is wealthy relative to Illinois and the nation. This equates to an annual income of $344,016 for a family of four.
The people who call Lake Forest home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake Forest residents report their race to be White, followed by Asian. Important ancestries of people in Lake Forest include German, Irish, English, Italian, Polish and Swedish.
The most common language spoken in Lake Forest is English. Some people also speak Spanish.
|LAKE FOREST INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||6,606|
|LAKE FOREST HOME OWNERSHIP|
|% OWNER OCCUPIED||82.31%|
|% RENTER OCCUPIED||17.69%|
|TYPE OF LAKE FOREST HOMES|
|SINGLE FAMILY DETACHED||81.49%|
|ROWHOUSES AND ATTACHED HOMES||6.06%|
|SMALL APARTMENT BUILDINGS||1.77%|
|COMPLEXES OR HIGH RISE APARTMENTS||9.77%|
|SIZE OF LAKE FOREST HOMES|
|5 OR MORE BEDROOMS||23.83%|
|AGE OF LAKE FOREST HOMES|
|NEWER HOMES (2000 OR LATER)||10.98%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||41.72%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||29.15%|
|HISTORIC (1939 OR BEFORE)||18.15%|
|LAKE FOREST REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$808,128|
|MEDIAN RENTAL PRICE||$2,321|
|HOME VALUE RANGE|
|$0 - $49,000||1.10%|
|$49,001 - $97,000||1.28%|
|$97,001 - $194,000||2.76%|
|$194,001 - $291,000||3.62%|
|$291,001 - $388,000||5.33%|
|$388,001 - $485,000||5.21%|
|$485,001 - $728,000||24.86%|
|$728,001 - $970,000||17.54%|
|PEOPLE OF LAKE FOREST||DETAILS|
|UNDER 5 YEARS||4.20%|
|5 TO 17||20.29%|
|18 TO 24||9.01%|
|25 TO 34||4.43%|
|35 TO 54||26.58%|
|55 TO 64||16.47%|
|65 YEARS AND OVER||19.00%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||97.97%|
|MEDIAN HOUSEHOLD INCOME||$151,000|
|PER CAPITA INCOME||$86,004|
|INDIVIDUALS BELOW POVERTY LEVEL||4.74%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (17.25%)
Real estate (5.22%)
Information Technology (2.60%)
|BLACK OR AFRICAN AMERICAN||1.21%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.00%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||0.20%|
|TWO OR MORE RACES||1.60%|
|HISPANIC OR LATINO (OF ANY RACE)||2.65%|
|ETHNICITIES PRESENT||German (22.30%)
|LANGUAGES SPOKEN||English (89.07%)
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