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.
Notable & Unique: People
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 1.0% of America's neighborhoods are wealthier than the
104th St / Lawrence Dr 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.
As one would expect in a considerably wealthy neighborhood such as this,
104th St / Lawrence Dr also has one of the lowest ratings of child
poverty in the nation.
In addition, a majority of the adults in the 104th St / Lawrence Dr 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 99.5%
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 families with school-aged children, urban sophisticates and college students.
Also, the rate of college educated adults in the 104th St / Lawrence Dr neighborhood
is a unique characteristic of the neighborhood. 74.9% of
adults here have received at least a 4-year bachelor's degree, compared to
the average neighborhood in America, which has 22.6% of the adults with a
bachelor's degree. The rate here is higher than NeighborhoodScout found in
97.8% of all U.S. neighborhoods.
Notable & Unique: Diversity
Did you know that the 104th St / Lawrence Dr neighborhood has more
Lithuanian and Ukrainian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 2.9% of
this neighborhood's residents have Lithuanian ancestry and 3.5% have Ukrainian ancestry.
104th St / Lawrence Dr is also pretty special linguistically. Significantly, 2.7% of its residents five years old and above primarily
speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher
than 98.9% of the neighborhoods in America.
Notable & Unique: Modes of Transportation
In the 104th St / Lawrence Dr neighborhood, many people's commute means
walking from the bedroom to the home office. NeighborhoodScout's analysis
found that 17.3% of residents worked from home. This may not
seem like a large number, but Scout's research shows that this is a higher
percentage of people working from home than 99.0% of the
neighborhoods in America. Often people who work from home are engaged in
the creative or technological economy, such as is found in areas around Boston,
and in Silicon Valley. Other times, people may be engaged in other businesses
like trading stocks from home, or running a small beauty salon.
Notable & Unique: Length of Commute
Regardless of the means by which residents commute, this neighborhood has
a length of commute that is notable.
Long commutes can be brutal. They take time, money, and energy, leaving less
of you for yourself and your family. The residents of the
104th St / Lawrence Dr neighborhood unfortunately have the distinction of having,
on average, a longer commute than most any neighborhood in America.
10.4% of commuters here travel more than one hour just one-way
to work. That is more than two hours per day. This percentage with two-hour +
round-trip commutes is higher than NeighborhoodScout found in 97.6%
of all neighborhoods in America.
Notable & Unique: Real Estate
In addition, one way that the 104th St / Lawrence Dr neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.9% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
Furthermore, real estate in the 104th St / Lawrence Dr neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 99.8% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood. With a real estate vacancy rate of only 1.0%, the 104th St / Lawrence Dr neighborhood has a lower vacancy rate than 95.5% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
Also of note, most neighborhoods are composed of a mixture of ages of homes, but the 104th St / Lawrence Dr stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 94.5% of the residential real estate here was built in this one time period.