Millburn / The Oaks of St. Charles median real estate price is $416,139, which is more expensive than 73.7% of the neighborhoods in Illinois and 57.1% of the neighborhoods in the U.S.
The average rental price in Millburn / The Oaks of St. Charles is currently $3,139, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 87.3% of the neighborhoods in Illinois.
Millburn / The Oaks of St. Charles is a suburban neighborhood (based on population density) located in St. Charles, Illinois.
Millburn / The Oaks of St. Charles real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Millburn / The Oaks of St. Charles neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Millburn / The Oaks of St. Charles, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Millburn / The Oaks of St. Charles 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 St. Charles, the Millburn / The Oaks of St. Charles neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
With a real estate vacancy rate of only 0.0%, the Millburn / The Oaks of St. Charles neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
Did you know that the Millburn / The Oaks of St. Charles neighborhood has more Swedish and Yugoslav ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.5% of this neighborhood's residents have Swedish ancestry and 0.7% have Yugoslav ancestry.
Millburn / The Oaks of St. Charles is also pretty special linguistically. Significantly, 12.8% of its residents five years old and above primarily speak Italian at home. While this may seem like a small percentage, it is higher than 98.8% of the neighborhoods in America.
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 Millburn / The Oaks of St. Charles neighborhood in St. Charles are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 64.1% of the neighborhoods in America. In addition, 4.1% 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 67.7% 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 Millburn / The Oaks of St. Charles neighborhood, 48.5% 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 29.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.4%), and 8.0% in clerical, assistant, and tech support occupations.
The most common language spoken in the Millburn / The Oaks of St. Charles neighborhood is English, spoken by 90.3% of households. Some people also speak Italian (12.8%).
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 Millburn / The Oaks of St. Charles neighborhood in St. Charles, IL, residents most commonly identify their ethnicity or ancestry as German (27.1%). There are also a number of people of Irish ancestry (17.2%), and residents who report English roots (10.0%), and some of the residents are also of Italian ancestry (9.8%), along with some Swedish ancestry residents (8.5%), 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 Millburn / The Oaks of St. Charles neighborhood spend under 15 minutes commuting one-way to work (35.6% of working residents), one of the shortest commutes across America.
Here most residents (73.6%) 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.