Arrowhead median real estate price is $746,133, which is more expensive than 93.9% of the neighborhoods in Illinois and 82.4% of the neighborhoods in the U.S.
The average rental price in Arrowhead is currently $3,728, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 94.8% of the neighborhoods in Illinois.
Arrowhead is a suburban neighborhood (based on population density) located in Wheaton, Illinois.
Arrowhead 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 Arrowhead neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Real estate vacancies in Arrowhead are 3.9%, which is lower than one will find in 74.4% of American neighborhoods. Demand for real estate in Arrowhead 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.
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 Wheaton, the Arrowhead neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
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 0.9% of America's neighborhoods are wealthier than the Arrowhead 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, Arrowhead also has one of the lowest ratings of child poverty in the nation.
In addition, according to NeighborhoodScout's exclusive analysis, Arrowhead is among the best neighborhoods for families in Illinois. In fact, this neighborhood is more family-friendly than 99.4% of neighborhoods in the entire state of Illinois. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Arrowhead neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for highly educated executives, urban sophisticates and active retirees.
Also, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 85.1% of the adults living in the Arrowhead neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 99.0% of U.S. neighborhoods. In this way, this neighborhood truly stands out.
Finally, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Arrowhead neighborhood may actually hold the key. 72.4% of its residents are married, which is a higher percentage than is found in 97.9% of the neighborhoods in America.
Owner-occupied real estate dominates the Arrowhead neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 99.7% of neighborhoods in America.
In addition, one way that the Arrowhead neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.5% 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.
Furthermore, the Arrowhead neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 99.5% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 98.5% of all neighborhoods in America.
Executives, managers and professionals make up 71.4% of the workforce in the Arrowhead neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 96.2% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Did you know that the Arrowhead neighborhood has more Canadian and Lithuanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.2% of this neighborhood's residents have Canadian ancestry and 3.1% have Lithuanian 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 Arrowhead neighborhood in Wheaton 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 99.1% 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.
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 Arrowhead neighborhood, 71.4% 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 18.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.0%), and 2.9% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Arrowhead neighborhood is English, spoken by 94.1% of households.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Arrowhead neighborhood in Wheaton, IL, residents most commonly identify their ethnicity or ancestry as Irish (29.1%). There are also a number of people of German ancestry (25.3%), and residents who report Italian roots (20.3%), and some of the residents are also of English ancestry (13.1%), along with some Swedish ancestry residents (4.9%), 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 Arrowhead neighborhood spend under 15 minutes commuting one-way to work (31.2% of working residents), one of the shortest commutes across America.
Here most residents (64.0%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (8.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.