Old Farm Lakes / Oakridge median real estate price is $322,863, which is more expensive than 57.6% of the neighborhoods in Illinois and 43.6% of the neighborhoods in the U.S.
The average rental price in Old Farm Lakes / Oakridge is currently $1,361, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 74.7% of Illinois neighborhoods.
Old Farm Lakes / Oakridge is a suburban neighborhood (based on population density) located in Bloomington, Illinois.
Old Farm Lakes / Oakridge real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more 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 Old Farm Lakes / Oakridge 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.
In Old Farm Lakes / Oakridge, the current vacancy rate is 2.8%, which is a lower rate of vacancies than 81.4% of all neighborhoods in the U.S. This means that the housing supply in Old Farm Lakes / Oakridge 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 Bloomington, the Old Farm Lakes / Oakridge neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
A majority of the adults in the Old Farm Lakes / Oakridge 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 Illinois by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 95.2% of the neighborhoods in Illinois. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for urban sophisticates.
Did you know that the Old Farm Lakes / Oakridge neighborhood has more Irish and Croatian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 30.3% of this neighborhood's residents have Irish ancestry and 1.2% have Croatian ancestry.
Old Farm Lakes / Oakridge is also pretty special linguistically. Significantly, 8.3% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 98.9% of the neighborhoods in America.
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 Old Farm Lakes / Oakridge neighborhood in Bloomington are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 80.6% of the neighborhoods in America. In addition, 2.2% 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 74.3% 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 Old Farm Lakes / Oakridge neighborhood, 49.4% 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 20.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.0%), and 12.1% in clerical, assistant, and tech support occupations.
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 Old Farm Lakes / Oakridge neighborhood is English, spoken by 93.8% of households. Other important languages spoken here include Langs. of India and Spanish.
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 Old Farm Lakes / Oakridge neighborhood in Bloomington, IL, residents most commonly identify their ethnicity or ancestry as Irish (30.3%). There are also a number of people of German ancestry (27.5%), and residents who report English roots (9.8%), and some of the residents are also of South American ancestry (4.6%), along with some Norwegian ancestry residents (4.3%), among others.
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 Old Farm Lakes / Oakridge neighborhood spend under 15 minutes commuting one-way to work (52.4% of working residents), one of the shortest commutes across America.
Here most residents (79.2%) 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 (5.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.