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Real Estate Prices & Overview

Eaglewood Estates / Russell Lake median real estate price is $641,331, which is more expensive than 98.4% of the neighborhoods in Indiana and 80.7% of the neighborhoods in the U.S.

The average rental price in Eaglewood Estates / Russell Lake is currently $2,293, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 94.5% of the neighborhoods in Indiana.

Eaglewood Estates / Russell Lake is a suburban neighborhood (based on population density) located in Zionsville, Indiana.

Eaglewood Estates / Russell Lake real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Eaglewood Estates / Russell Lake neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Real estate vacancies in Eaglewood Estates / Russell Lake are 3.5%, which is lower than one will find in 78.3% of American neighborhoods. Demand for real estate in Eaglewood Estates / Russell Lake is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

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.

Real Estate

One way that the Eaglewood Estates / Russell Lake neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.3% 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.

In addition, owner-occupied real estate dominates the Eaglewood Estates / Russell Lake neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 97.8% of neighborhoods in America.

People

A majority of the adults in the Eaglewood Estates / Russell Lake 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 Indiana by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 98.9% of the neighborhoods in Indiana. 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, astoundingly, NeighborhoodScout's research reveals that this single neighborhood has a higher concentration of married couples living here than 97.8% of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the Eaglewood Estates / Russell Lake neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. But if you are single, you might not find many other singles here.

Also, 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 2.5% of America's neighborhoods are wealthier than the Eaglewood Estates / Russell Lake 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.

Finally, the rate of college educated adults in the Eaglewood Estates / Russell Lake neighborhood is a unique characteristic of the neighborhood. 74.2% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 33.7% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 95.9% of all U.S. neighborhoods.

Diversity

Did you know that the Eaglewood Estates / Russell Lake neighborhood has more Greek and English ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.1% of this neighborhood's residents have Greek ancestry and 20.9% have English 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 Eaglewood Estates / Russell Lake neighborhood in Zionsville 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 97.5% of the neighborhoods in America. In addition, 0.8% 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 79.2% 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 Eaglewood Estates / Russell Lake neighborhood, 63.7% of the working population is employed in executive, management, and professional occupations. 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 18.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (11.0%), and 6.4% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Eaglewood Estates / Russell Lake neighborhood is English, spoken by 94.4% of households. Some people also speak Chinese (3.1%).

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 Eaglewood Estates / Russell Lake neighborhood in Zionsville, IN, residents most commonly identify their ethnicity or ancestry as German (23.8%). There are also a number of people of English ancestry (20.9%), and residents who report Irish roots (17.6%), and some of the residents are also of Italian ancestry (5.6%), along with some Polish ancestry residents (4.7%), 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 Eaglewood Estates / Russell Lake neighborhood spend between 15 and 30 minutes commuting one-way to work (39.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (74.5%) 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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