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Real Estate Prices & Overview

Peterstown median real estate price is $244,736, which is less expensive than 59.7% of Illinois neighborhoods and 70.6% of all U.S. neighborhoods.

The average rental price in Peterstown is currently $1,095, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 89.7% of Illinois neighborhoods.

Peterstown is a rural neighborhood (based on population density) located in Mendota, Illinois.

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

Peterstown has a 11.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 66.8% 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 Mendota, the Peterstown neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

Our research reveals that 93.5% of commuters who live in the Peterstown neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 99.0% of U.S. neighborhoods.

People

If you are planning to retire in Illinois, this neighborhood should be on your must-see list. For many reasons, Peterstown may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Illinois, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 97.0% of neighborhoods in IL. If a Illinois retirement is in your future, this neighborhood should be one of the places you visit.

Diversity

Did you know that the Peterstown neighborhood has more Belgian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.9% of this neighborhood's residents have Belgian 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 Peterstown neighborhood in Mendota are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 66.8% of U.S. neighborhoods. In addition, 9.5% 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 51.9% 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 Peterstown neighborhood, 39.1% 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 28.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.3%), and 10.6% 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 Peterstown neighborhood is English, spoken by 79.8% of households. Other important languages spoken here include Spanish and Polish.

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 Peterstown neighborhood in Mendota, IL, residents most commonly identify their ethnicity or ancestry as German (30.4%). There are also a number of people of Mexican ancestry (19.9%), and residents who report Irish roots (13.4%), and some of the residents are also of English ancestry (5.8%), along with some Polish ancestry residents (4.5%), 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 Peterstown neighborhood spend under 15 minutes commuting one-way to work (56.9% of working residents), one of the shortest commutes across America.

Here most residents (93.5%) drive alone in a private automobile to get to work. 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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