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Real Estate Prices & Overview

Interlaken median real estate price is $666,182, which is more expensive than 93.9% of the neighborhoods in Illinois and 82.1% of the neighborhoods in the U.S.

The average rental price in Interlaken is currently $2,647, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 82.2% of the neighborhoods in Illinois.

Interlaken is a suburban neighborhood (based on population density) located in Libertyville, Illinois.

Interlaken real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more 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 Interlaken neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Interlaken are 4.9%, which is lower than one will find in 69.1% of American neighborhoods. Demand for real estate in Interlaken is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

Some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 40.3% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 97.3% of U.S. neighborhoods, where the average American neighborhood has 13.1% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.

In addition, a majority of the adults in the Interlaken 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 96.6% 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 active retirees, urban sophisticates and families with school-aged children.

Also, 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 4.6% of America's neighborhoods are wealthier than the Interlaken 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.

Diversity

Did you know that the Interlaken neighborhood has more Lithuanian and Greek ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.5% of this neighborhood's residents have Lithuanian ancestry and 4.1% have Greek ancestry.

The Neighbors

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 Interlaken neighborhood in Libertyville 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 95.4% of the neighborhoods in America. In addition, 2.0% 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 75.2% of America's neighborhoods.

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 sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Interlaken neighborhood, 67.4% 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 (9.5%), and 6.6% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Interlaken neighborhood is English, spoken by 91.8% of households. Some people also speak Spanish (5.4%).

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 Interlaken neighborhood in Libertyville, IL, residents most commonly identify their ethnicity or ancestry as German (28.5%). There are also a number of people of Irish ancestry (20.2%), and residents who report Italian roots (14.4%), and some of the residents are also of Polish ancestry (12.7%), along with some English ancestry residents (5.3%), 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 Interlaken neighborhood spend under 15 minutes commuting one-way to work (37.0% of working residents), one of the shortest commutes across America.

Here most residents (63.1%) 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 (9.6%) . 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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