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Real Estate Prices & Overview

Lakewood Springs median real estate price is $338,397, which is more expensive than 58.6% of the neighborhoods in Illinois and 44.7% of the neighborhoods in the U.S.

The average rental price in Lakewood Springs is currently $2,521, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 74.3% of the neighborhoods in Illinois.

Lakewood Springs is a rural neighborhood (based on population density) located in Plano, Illinois.

Lakewood Springs 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 owner occupied. Many of the residences in the Lakewood Springs neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Lakewood Springs, the current vacancy rate is 1.5%, which is a lower rate of vacancies than 89.2% of all neighborhoods in the U.S. This means that the housing supply in Lakewood Springs is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

If you love row houses and attached homes, you will probably really like the Lakewood Springs neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 30.2% of the residential real estate here is classified as row houses and attached homes.

Diversity

Did you know that the Lakewood Springs neighborhood has more Lithuanian and Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.3% of this neighborhood's residents have Lithuanian ancestry and 1.2% have Austrian 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 Springs neighborhood in Plano are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 61.9% of the neighborhoods in America. With 15.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 60.5% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Lakewood Springs neighborhood, 38.0% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 25.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (23.9%), and 12.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Lakewood Springs neighborhood is English, spoken by 75.0% of households. Some people also speak Spanish (22.9%).

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 Springs neighborhood in Plano, IL, residents most commonly identify their ethnicity or ancestry as Mexican (28.4%). There are also a number of people of German ancestry (17.3%), and residents who report Irish roots (8.6%), and some of the residents are also of Polish ancestry (6.6%), along with some Italian ancestry residents (3.8%), among others. In addition, 15.0% of the residents of this neighborhood were born in another country.

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 Lakewood Springs neighborhood spend under 15 minutes commuting one-way to work (38.5% of working residents), one of the shortest commutes across America.

Here most residents (86.7%) 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 (10.3%) . 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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