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Real Estate Prices & Overview

Alden Of Waterford / Oakhurst Meadows median real estate price is $332,862, which is more expensive than 59.9% of the neighborhoods in Illinois and 45.3% of the neighborhoods in the U.S.

The average rental price in Alden Of Waterford / Oakhurst Meadows is currently $1,946, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 49.9% of Illinois neighborhoods.

Alden Of Waterford / Oakhurst Meadows is a suburban neighborhood (based on population density) located in Aurora, Illinois.

Alden Of Waterford / Oakhurst Meadows real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Alden Of Waterford / Oakhurst Meadows neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Alden Of Waterford / Oakhurst Meadows has a 15.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 78.5% 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 Aurora, the Alden Of Waterford / Oakhurst Meadows neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

If you like the look and ambience of new homes and newly built neighborhoods, you will love the Alden Of Waterford / Oakhurst Meadows neighborhood. A whopping 73.3% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 96.4% of the neighborhoods in the U.S. Everything here just feels new.

In addition, many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Alden Of Waterford / Oakhurst Meadows neighborhood could be your paradise. With 27.7% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 3.8% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

People

Divorcees may find friendship and understanding in this neighborhood, as 20.4% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 96.0% of the neighborhoods in America.

In addition, if you're nearing retirement age, or in retirement, the Alden Of Waterford / Oakhurst Meadows is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 5.4% 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 Alden Of Waterford / Oakhurst Meadows neighborhood has more Italian and Croatian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 26.9% of this neighborhood's residents have Italian ancestry and 1.9% have Croatian 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 Alden Of Waterford / Oakhurst Meadows neighborhood in Aurora are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 50.6% of the neighborhoods in America. In addition, 4.1% 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 67.5% 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 Alden Of Waterford / Oakhurst Meadows neighborhood, 48.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 27.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (12.0%), and 12.0% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Alden Of Waterford / Oakhurst Meadows neighborhood is English, spoken by 75.4% of households. Some people also speak Spanish (15.8%).

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 Alden Of Waterford / Oakhurst Meadows neighborhood in Aurora, IL, residents most commonly identify their ethnicity or ancestry as Italian (26.9%). There are also a number of people of Irish ancestry (15.9%), and residents who report German roots (14.9%), and some of the residents are also of Mexican ancestry (10.7%), along with some English ancestry residents (7.7%), among others. In addition, 17.3% of the residents of this neighborhood were born in another country.

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 Alden Of Waterford / Oakhurst Meadows neighborhood spend under 15 minutes commuting one-way to work (36.6% of working residents), one of the shortest commutes across America.

Here most residents (68.7%) 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 (7.2%) and 5.3% 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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