Lake of the Woods median real estate price is $262,694, which is more expensive than 51.5% of the neighborhoods in Illinois and 39.1% of the neighborhoods in the U.S.
The average rental price in Lake of the Woods is currently $1,635, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 57.0% of Illinois neighborhoods.
Lake of the Woods is a suburban neighborhood (based on population density) located in Mahomet, Illinois.
Lake of the Woods real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Lake of the Woods neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Lake of the Woods has a 15.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 77.6% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Mahomet, the Lake of the Woods neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
If you're looking for a great spot to raise a family, then look no further than the Lake of the Woods 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 14.3% 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. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for highly educated executives.
Did you know that the Lake of the Woods neighborhood has more German and Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 39.4% of this neighborhood's residents have German ancestry and 23.6% have Irish ancestry.
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 Lake of the Woods neighborhood in Mahomet are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 83.4% of the neighborhoods in America. In addition, 3.0% 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 71.7% 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 Lake of the Woods neighborhood, 52.8% 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 18.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.3%), and 11.9% in clerical, assistant, and tech support occupations.
The most common language spoken in the Lake of the Woods neighborhood is English, spoken by 97.7% of households. Some people also speak Italian (5.6%).
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 Lake of the Woods neighborhood in Mahomet, IL, residents most commonly identify their ethnicity or ancestry as German (39.4%). There are also a number of people of Irish ancestry (23.6%), and residents who report English roots (15.1%), and some of the residents are also of Italian ancestry (6.1%), along with some French ancestry residents (2.2%), among others.
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 Lake of the Woods neighborhood spend between 15 and 30 minutes commuting one-way to work (63.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (84.4%) 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 (7.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.