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Real Estate Prices & Overview

Lakewood Creek / Montgomery Crossings median real estate price is $391,693, which is more expensive than 70.4% of the neighborhoods in Illinois and 54.2% of the neighborhoods in the U.S.

The average rental price in Lakewood Creek / Montgomery Crossings is currently $4,357, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 98.3% of the neighborhoods in Illinois.

Lakewood Creek / Montgomery Crossings is a suburban neighborhood (based on population density) located in Montgomery, Illinois.

Lakewood Creek / Montgomery Crossings real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Lakewood Creek / Montgomery Crossings neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Lakewood Creek / Montgomery Crossings are 3.8%, which is lower than one will find in 74.8% of American neighborhoods. Demand for real estate in Lakewood Creek / Montgomery Crossings 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

If you like the look and ambience of new homes and newly built neighborhoods, you will love the Lakewood Creek / Montgomery Crossings neighborhood. A whopping 91.5% 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 99.0% of the neighborhoods in the U.S. Everything here just feels new. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.

People

The Lakewood Creek / Montgomery Crossings neighborhood stands out within Illinois for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 7.8% of college-friendly places to live in IL.

Diversity

Did you know that the Lakewood Creek / Montgomery Crossings neighborhood has more Lithuanian and Polish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.8% of this neighborhood's residents have Lithuanian ancestry and 13.5% have Polish 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 Lakewood Creek / Montgomery Crossings neighborhood in Montgomery are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 81.5% of the neighborhoods in America. In addition, 4.7% 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 65.5% 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 Lakewood Creek / Montgomery Crossings neighborhood, 39.9% 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 27.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.2%), and 13.4% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Lakewood Creek / Montgomery Crossings neighborhood is English, spoken by 74.1% of households. Some people also speak Spanish (22.6%).

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 Lakewood Creek / Montgomery Crossings neighborhood in Montgomery, IL, residents most commonly identify their ethnicity or ancestry as Mexican (27.2%). There are also a number of people of German ancestry (15.9%), and residents who report Polish roots (13.5%), and some of the residents are also of Irish ancestry (10.7%), along with some Norwegian ancestry residents (6.5%), among others.

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 Lakewood Creek / Montgomery Crossings neighborhood spend between 45 minutes and one hour commuting one-way to work (34.3% of working residents), longer and tougher than most commutes in America.

Here most residents (82.8%) 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.


Real Estate includes:
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Neighborhood Setting
Economics & Demographics include:
Lifestyle & Special Character
Household Types
Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
Violent Crime Comparison
Schools include:
School Ratings
Schools In District
Public School Test Scores
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Educational Expenditures

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