Great Lakes East median real estate price is $274,637, which is more expensive than 47.5% of the neighborhoods in Illinois and 35.3% of the neighborhoods in the U.S.
The average rental price in Great Lakes East is currently $3,187, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 88.3% of the neighborhoods in Illinois.
Great Lakes East is an urban neighborhood (based on population density) located in North Chicago, Illinois.
Great Lakes East real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is renter occupied. Many of the residences in the Great Lakes East neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Great Lakes East, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Great Lakes East 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 North Chicago, the Great Lakes East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real Estate
100.0% of the real estate in the Great Lakes East neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood 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 Great Lakes East 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.
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 Great Lakes East neighborhood could be your paradise. With 38.5% 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 2.1% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
People
If you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 3.8% of America's neighborhoods are wealthier than the Great Lakes East neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe. As one would expect in a considerably wealthy neighborhood such as this, Great Lakes East also has one of the lowest ratings of child poverty in the nation.
In addition, one of the really interesting characteristics about the Great Lakes East neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 0.6% of college-friendly places to live in the state of Illinois.
Occupations
With 49.8% of employed workers living in the Great Lakes East neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 99.9% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
Furthermore, the Great Lakes East neighborhood has a greater proportion of government workers living in it than 98.4% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.
In addition, from major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Great Lakes East neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 97.4% of all American neighborhoods.
Modes of Transportation
More people in Great Lakes East choose to walk to work each day (42.7%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Also, in the Great Lakes East neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 30.3% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 97.1% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Length of Commute
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Great Lakes East neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Great Lakes East neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 74.3% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 99.1% of U.S. neighborhoods. Less time commuting means more time for other things in life.
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the Great Lakes East neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 42.0% of the households here have four, five, or more cars. That is more cars per household than in 98.7% of the neighborhoods in the nation.
Migration / Stability
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Great Lakes East neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.8% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Diversity
Did you know that the Great Lakes East neighborhood has more Armenian and British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.9% of this neighborhood's residents have Armenian ancestry and 2.1% have British ancestry.
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 Great Lakes East neighborhood in North Chicago 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 96.2% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America's neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Great Lakes East neighborhood, 49.8% of the working population is employed in the military. 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 41.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (28.4%), and 18.0% in government jobs, whether they are in local, state, or federal positions.
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 Great Lakes East neighborhood is English, spoken by 75.6% of households. Other important languages spoken here include Spanish and Chinese.
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Great Lakes East neighborhood in North Chicago, IL, residents most commonly identify their ethnicity or ancestry as Mexican (14.0%). There are also a number of people of German ancestry (10.9%), and residents who report Irish roots (8.3%), and some of the residents are also of Asian ancestry (6.1%), along with some Italian ancestry residents (4.8%), among others.
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 Great Lakes East neighborhood spend under 15 minutes commuting one-way to work (74.3% of working residents), one of the shortest commutes across America.
Here most residents (42.7%) hop out the door and walk to work to get to work. In addition, quite a number also drive alone in a private automobile to get to work (18.6%) and 8.2% of residents also carpool with coworkers, friends, or neighbors for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.
