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Real Estate Prices & Overview

Arlington On The Ponds / Colony Country median real estate price is $270,134, which is more expensive than 53.8% of the neighborhoods in Illinois and 39.8% of the neighborhoods in the U.S.

The average rental price in Arlington On The Ponds / Colony Country is currently $2,584, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 81.1% of the neighborhoods in Illinois.

Arlington On The Ponds / Colony Country is a suburban neighborhood (based on population density) located in Arlington Heights, Illinois.

Arlington On The Ponds / Colony Country real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Arlington On The Ponds / Colony Country neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In Arlington On The Ponds / Colony Country, the current vacancy rate is 0.8%, which is a lower rate of vacancies than 92.3% of all neighborhoods in the U.S. This means that the housing supply in Arlington On The Ponds / Colony Country is very tight compared to the demand for property here.

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

If you're nearing retirement age, or in retirement, the Arlington On The Ponds / Colony Country is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 5.9% of retiree-friendly neighborhoods in Illinois, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Illinois.

Diversity

Did you know that the Arlington On The Ponds / Colony Country neighborhood has more Greek and Polish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.1% of this neighborhood's residents have Greek ancestry and 17.8% have Polish ancestry.

Arlington On The Ponds / Colony Country is also pretty special linguistically. Significantly, 17.6% 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 99.6% of the neighborhoods in America.

The Neighbors

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 Arlington On The Ponds / Colony Country neighborhood in Arlington Heights are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 65.8% of the neighborhoods in America. In addition, 5.3% 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 64.4% 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 Arlington On The Ponds / Colony Country neighborhood, 55.7% 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 15.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.5%), and 13.8% in clerical, assistant, and tech support occupations.

Languages

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 Arlington On The Ponds / Colony Country neighborhood is English, spoken by 60.3% of households. Other important languages spoken here include Polish, Spanish, Korean and Langs. of India.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Arlington On The Ponds / Colony Country neighborhood in Arlington Heights, IL, residents most commonly identify their ethnicity or ancestry as Polish (17.8%). There are also a number of people of German ancestry (16.7%), and residents who report Italian roots (10.8%), and some of the residents are also of Asian ancestry (7.2%), along with some Irish ancestry residents (6.6%), among others. In addition, 27.0% of the residents of this neighborhood were born in another country.

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 Arlington On The Ponds / Colony Country neighborhood spend between 15 and 30 minutes commuting one-way to work (40.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (67.0%) 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 (8.2%) and 6.0% 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.


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