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Real Estate Prices & Overview

Russet Oaks median real estate price is $81,430, which is less expensive than 92.5% of Illinois neighborhoods and 95.4% of all U.S. neighborhoods.

The average rental price in Russet Oaks is currently $1,851, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 47.8% of Illinois neighborhoods.

Russet Oaks is an urban neighborhood (based on population density) located in University Park, Illinois.

Russet Oaks real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) townhomes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Russet Oaks neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Russet Oaks has a 14.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 75.2% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

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 University Park, the Russet Oaks neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Russet Oaks neighborhood has more single mother households than 99.3% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.

Modes of Transportation

Our research shows that more people carpool to work here in the Russet Oaks (28.5%) than in 98.5% of the neighborhoods in America.

Real Estate

If you love row houses and attached homes, you will probably really like the Russet Oaks 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, 39.8% of the residential real estate here is classified as row houses and attached homes.

In addition, most neighborhoods are composed of a mixture of ages of homes, but the Russet Oaks 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, 81.0% of the residential real estate here was built in this one time period.

Diversity

Did you know that the Russet Oaks neighborhood has more African and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 21.0% of this neighborhood's residents have African ancestry and 21.0% have Sub-Saharan African ancestry.

The Neighbors

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 Russet Oaks neighborhood in University Park are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 42.7% of the neighborhoods in America. In addition, 3.3% 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 70.9% 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 Russet Oaks neighborhood, 32.8% 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 30.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.5%), and 14.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Russet Oaks neighborhood is English, spoken by 94.1% of households.

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 Russet Oaks neighborhood in University Park, IL, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (21.0%). There are also a number of people of African ancestry (21.0%), and residents who report Puerto Rican roots (2.3%), and some of the residents are also of Irish ancestry (1.7%).

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Russet Oaks neighborhood spend between 30 and 45 minutes commuting one-way to work (30.1% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (61.0%) 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 (28.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


Real Estate includes:
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Economics & Demographics include:
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Household Types
Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
Violent Crime Comparison
Schools include:
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