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Real Estate Prices & Overview

Thornwood Estates / Thorn Lake median real estate price is $252,663, which is more expensive than 46.4% of the neighborhoods in Illinois and 33.3% of the neighborhoods in the U.S.

The average rental price in Thornwood Estates / Thorn Lake is currently $3,572, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 95.1% of the neighborhoods in Illinois.

Thornwood Estates / Thorn Lake is a suburban neighborhood (based on population density) located in South Holland, Illinois.

Thornwood Estates / Thorn Lake real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Thornwood Estates / Thorn Lake neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Thornwood Estates / Thorn Lake are 5.9%, which is lower than one will find in 60.3% of American neighborhoods. Demand for real estate in Thornwood Estates / Thorn Lake 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.

Modes of Transportation

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 2.8% of residents in the Thornwood Estates / Thorn Lake neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 95.3% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

People

Thornwood Estates / Thorn Lake is ranked among the top 9.7% of neighborhoods for first-time home buyers to consider in the state of Illinois according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the Thornwood Estates / Thorn Lake neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.

Diversity

Did you know that the Thornwood Estates / Thorn Lake neighborhood has more Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 16.0% of this neighborhood's residents have Sub-Saharan African ancestry.

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 Thornwood Estates / Thorn Lake neighborhood in South Holland are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 63.6% of the neighborhoods in America. With 14.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 59.1% of U.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 Thornwood Estates / Thorn Lake neighborhood, 37.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 24.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.5%), and 17.4% 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 Thornwood Estates / Thorn Lake neighborhood is English, spoken by 97.2% of households. Other important languages spoken here include Italian and Polish.

Ethnicity / Ancestry

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 Thornwood Estates / Thorn Lake neighborhood in South Holland, IL, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (16.0%). There are also a number of people of African ancestry (5.2%), and residents who report Polish roots (2.9%), and some of the residents are also of German ancestry (2.3%), along with some Italian ancestry residents (2.1%), 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 Thornwood Estates / Thorn Lake neighborhood spend between 15 and 30 minutes commuting one-way to work (36.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (74.0%) 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 (10.6%) . 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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