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
A majority of the adults in the Mulberry Ln / Red Oak 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 99.1%
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.
In addition, wealth makes most things in life easier, and a few things harder.
If you are wealthy and enjoy keeping up with the Jones', this neighborhood
will interest you. In fact, according to NeighborhoodScout's research,
the Mulberry Ln / Red Oak Dr neighborhood is wealthier than 96.2%
of the neighborhoods in the United States. Residents here are truly in
a unique situation even when compared to other Americans, based on the
sheer amount of wealth concentrated here. Even in times of economic
downturn, residents of this neighborhood, as a group, suffered less
and recovered more quickly. This is indeed a stand-out characteristic
of this neighborhood.
Also, the rate of college educated adults in the Mulberry Ln / Red Oak Dr neighborhood
is a unique characteristic of the neighborhood. 67.0% 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
95.3% of all U.S. neighborhoods.
Notable & Unique: Diversity
Did you know that the Mulberry Ln / Red Oak Dr neighborhood has more
Slovak and Lithuanian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 3.0% of
this neighborhood's residents have Slovak ancestry and 1.8% have Lithuanian ancestry.
Mulberry Ln / Red Oak Dr is also pretty special linguistically. Significantly, 2.3% of its residents five years old and above primarily
speak German at home. While this may seem like a small percentage, it is higher
than 98.3% of the neighborhoods in America.
Notable & Unique: Real Estate
In addition, owner-occupied real estate dominates the Mulberry Ln / Red Oak Dr neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 99.9% of neighborhoods in America. This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Mulberry Ln / Red Oak Dr neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
Furthermore, this Mulberry Ln / Red Oak Dr neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 100.0% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 99.3% of all neighborhoods in America.
Also of note, one way that the Mulberry Ln / Red Oak Dr neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 97.2% 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.