Valley Lakes / Prairie Pointe median real estate price is $348,468, which is more expensive than 60.3% of the neighborhoods in Illinois and 46.5% of the neighborhoods in the U.S.
The average rental price in Valley Lakes / Prairie Pointe is currently $2,963, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.5% of the neighborhoods in Illinois.
Valley Lakes / Prairie Pointe is a suburban neighborhood (based on population density) located in Round Lake, Illinois.
Valley Lakes / Prairie Pointe 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 Valley Lakes / Prairie Pointe neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Valley Lakes / Prairie Pointe, the current vacancy rate is 1.7%, which is a lower rate of vacancies than 87.6% of all neighborhoods in the U.S. This means that the housing supply in Valley Lakes / Prairie Pointe 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 Round Lake, the Valley Lakes / Prairie Pointe neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
For many reasons, Valley Lakes / Prairie Pointe is rated by NeighborhoodScout as one of the top 2.0% of ideal neighborhoods for first-time home buyers in the state of Illinois. Homes here are priced below median housing values in the state, yet the neighborhood has a track record according to NeighborhoodScout's exclusive neighborhood home appreciation rates of above average real estate appreciation over the last five years compared to other IL neighborhoods, protecting your investment in your first home, while simultaneously making it less risky for your lender. Not only does this neighborhood stand out for combining price and home value stability or increases, it also is a neighborhood with a high quality resident population according exclusive data, meaning this is likely a good place to buy, live, and enjoy. While many first time home buyers focus purely on low cost and convenient location, which can risk your investment in your first home and put you in a less than desirable neighborhood, this neighborhood is a true standout for a lot of reasons, and definitely worth a look if you are a first time home buyer. In addition to being an excellent choice for first-time home buyers, this neighborhood is also a very good choice for highly educated executives.
If you love row houses and attached homes, you will probably really like the Valley Lakes / Prairie Pointe 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, 38.4% of the residential real estate here is classified as row houses and attached homes.
In addition, if you like the look and ambience of new homes and newly built neighborhoods, you will love the Valley Lakes / Prairie Pointe neighborhood. A whopping 75.9% 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 96.6% of the neighborhoods in the U.S. Everything here just feels new.
With 2.3% of employed workers living in the Valley Lakes / Prairie Pointe neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 96.6% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
Did you know that the Valley Lakes / Prairie Pointe neighborhood has more West Indian and Polish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.0% of this neighborhood's residents have West Indian ancestry and 10.1% have Polish ancestry.
Valley Lakes / Prairie Pointe is also pretty special linguistically. Significantly, 0.6% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 98.1% 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 Valley Lakes / Prairie Pointe neighborhood in Round Lake 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 88.1% of the neighborhoods in America. With 11.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 53.9% of U.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 Valley Lakes / Prairie Pointe neighborhood, 47.5% 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 20.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.3%), and 12.5% in clerical, assistant, and tech support occupations.
The most common language spoken in the Valley Lakes / Prairie Pointe neighborhood is English, spoken by 80.6% of households. Some people also speak Spanish (10.5%).
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 Valley Lakes / Prairie Pointe neighborhood in Round Lake, IL, residents most commonly identify their ethnicity or ancestry as German (20.8%). There are also a number of people of Mexican ancestry (14.3%), and residents who report Polish roots (10.1%), and some of the residents are also of Irish ancestry (8.7%), along with some Italian ancestry residents (6.5%), among others. In addition, 12.0% of the residents of this neighborhood were born in another country.
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 Valley Lakes / Prairie Pointe neighborhood spend between 30 and 45 minutes commuting one-way to work (39.7% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (74.2%) 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 (8.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.