Cherry Hill / Boulder Point median real estate price is $379,503, which is more expensive than 71.9% of the neighborhoods in Illinois and 56.2% of the neighborhoods in the U.S.
The average rental price in Cherry Hill / Boulder Point is currently $1,920, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.1% of Illinois neighborhoods.
Cherry Hill / Boulder Point is an urban neighborhood (based on population density) located in Mount Prospect, Illinois.
Cherry Hill / Boulder Point 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 Cherry Hill / Boulder Point neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Cherry Hill / Boulder Point, 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 Cherry Hill / Boulder Point is very tight compared to the demand for property here.
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.
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 Cherry Hill / Boulder Point 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.
One of the really interesting characteristics about the Cherry Hill / Boulder Point neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 2.2% of college-friendly places to live in the state of Illinois. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for families with school-aged children and urban sophisticates.
Did you know that the Cherry Hill / Boulder Point neighborhood has more Polish and Lithuanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 18.2% of this neighborhood's residents have Polish ancestry and 2.3% have Lithuanian ancestry.
Cherry Hill / Boulder Point is also pretty special linguistically. Significantly, 12.5% 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 98.9% of the neighborhoods in America.
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 Cherry Hill / Boulder Point neighborhood in Mount Prospect 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 85.3% of the neighborhoods in America. In addition, 7.0% 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 59.1% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Cherry Hill / Boulder Point neighborhood, 39.1% 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 26.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (25.1%), and 9.4% in clerical, assistant, and tech support occupations.
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 Cherry Hill / Boulder Point neighborhood is English, spoken by 48.3% of households. Other important languages spoken here include Spanish, Polish, Chinese and Langs. of India.
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 Cherry Hill / Boulder Point neighborhood in Mount Prospect, IL, residents most commonly identify their ethnicity or ancestry as Asian (18.7%). There are also a number of people of Polish ancestry (18.2%), and residents who report Mexican roots (14.4%), and some of the residents are also of German ancestry (11.7%), along with some Italian ancestry residents (7.0%), among others. In addition, 39.9% of the residents of this neighborhood were born in another country.
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 Cherry Hill / Boulder Point neighborhood spend between 15 and 30 minutes commuting one-way to work (29.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (72.7%) 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 (13.9%) and 6.3% of residents also take the train for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.