Fernway median real estate price is $315,994, which is more expensive than 76.5% of the neighborhoods in Illinois and 64.3% of the neighborhoods in the U.S.
The average rental price in Fernway is currently $1,530, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.0% of the neighborhoods in Illinois.
Fernway is a suburban neighborhood (based on population density) located in Tinley Park, Illinois.
Fernway real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Fernway neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
In Fernway, the current vacancy rate is 1.5%, which is a lower rate of vacancies than 93.7% of all neighborhoods in the U.S. This means that the housing supply in Fernway is very tight compared to the demand for property here.
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 Tinley Park, the Fernway neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real estate in the Fernway 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 99.5% 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.
In addition, if you love row houses and attached homes, you will probably really like the Fernway neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 31.4% of the residential real estate here is classified as row houses and attached homes.
Did you know that the Fernway neighborhood has more Arab and Lithuanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.2% of this neighborhood's residents have Arab ancestry and 2.8% have Lithuanian ancestry.
Fernway is also pretty special linguistically. Significantly, 10.6% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 99.8% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Fernway neighborhood in Tinley Park 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 87.1% of the neighborhoods in America. In addition, 1.5% 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 84.8% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Fernway neighborhood, 48.6% 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 23.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.7%), and 13.7% 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 Fernway neighborhood is English, spoken by 74.7% of households. Other important languages spoken here include Arabic and Polish.
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 Fernway neighborhood in Tinley Park, IL, residents most commonly identify their ethnicity or ancestry as Irish (25.9%). There are also a number of people of German ancestry (18.8%), and residents who report Polish roots (16.5%), and some of the residents are also of Asian ancestry (12.3%), along with some Arab ancestry residents (12.2%), among others. In addition, 14.9% 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 Fernway neighborhood spend between 45 minutes and one hour commuting one-way to work (31.4% of working residents), longer and tougher than most commutes in America.
Here most residents (82.3%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (8.5%) and 7.6% of residents also carpool with coworkers, friends, or neighbors 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.
Analytics built by: Location, Inc.
Raw data sources: National Agriculture Statistics Service, U.S. Department of Agriculture, Federal Housing Finance Agency, U.S. Department of Housing and Urban Development, U.S. Bureau of the Census, U.S. Geological Service, American Community Survey.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
Analytics built by: Location, Inc.
Raw data sources: American Community Survey, U.S. Bureau of the Census, U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Geological Service, National Agricultural Statistics Service.
Date(s) & Update Frequency: 2019 (latest available). Updated annually. Please note: Unemployment data updated February 2021.
Methodology: Unlike standardly available Census demographics, NeighborhoodScout uses dozens of custom models to transform 8.5 million raw demographic data elements from government sources into proprietary indices and insights…. Read more about Scout's Demographic Data
Analytics built by: Location, Inc.
Raw data sources: 18,000 local law enforcement agencies in the U.S.
Date(s) & Update Frequency: Reflects 2019 calendar year; released from FBI in Sept. 2020 (latest available). Updated annually. Where is 2020 data?
Methodology: Our nationwide meta-analysis overcomes the issues inherent in any crime database, including non-reporting and reporting errors. This is possible by associating the 9.4 million reported crimes in the U.S, including over 2 million geocoded point locations…. Read more about Scout's Crime Data
Analytics built by: Location, Inc.
Methodology: Only NeighborhoodScout gives you nationally comparable school ranks based on test scores, so you can directly compare the quality of schools in any location. Read more about Scout's School Data
| School Details | Grades | Quality Rating Compared to IL* | Quality Rating Compared to Nation* |
|---|---|---|---|
|
Christa Mcauliffe School
8944 174th St Tinley Park, IL 60487 |
PK-05 | ||
|
Fernway Park Elem School
16600 S 88th Ave Orland Park, IL 60462 |
PK-05 | ||
|
Millennium Elem School
17830 84th Ave Tinley Park, IL 60487 |
PK-05 | ||
|
Prairie View Middle School
8500 175th St Tinley Park, IL 60487 |
06-09 | ||
|
Victor J Andrew High School
9001 171st St Orland Hills, IL 60487 |
09-12 | ||
| * 10 is highest | |||
Analytics built by: Location, Inc.
Raw data sources: U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Dow Jones S&P, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Bureau of the Census, American Community Survey, U.S. Department of Housing and Urban Development, U.S. Geological Service, U.S. Department of Transportation, LEHD Origin-Destination Employment Statistics, Federal Highway Administration, National Agricultural Statistics.
Methodology: Scout Vision uniquely solves for investment risk by generating Home Price Appreciation projections with unprecedented geographic granularity and predictive accuracy, for every micro-neighborhood (block group) in the U.S. Read more
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