Hollywood / Edencroft median real estate price is $887,044, which is more expensive than 97.1% of the neighborhoods in Illinois and 88.1% of the neighborhoods in the U.S.
The average rental price in Hollywood / Edencroft is currently $3,216, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 90.5% of the neighborhoods in Illinois.
Hollywood / Edencroft is an urban neighborhood (based on population density) located in Wilmette, Illinois.
Hollywood / Edencroft 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 Hollywood / Edencroft neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Hollywood / Edencroft, the current vacancy rate is 0.7%, which is a lower rate of vacancies than 92.4% of all neighborhoods in the U.S. This means that the housing supply in Hollywood / Edencroft is very tight compared to the demand for property here.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
Of note is NeighborhoodScout's research finding that the Hollywood / Edencroft neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Hollywood / Edencroft community truly stands out from the rest in this regard.
In addition, if knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Hollywood / Edencroft neighborhood, where 51.6% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 99.3% of the neighborhoods in America.
Also, think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the Hollywood / Edencroft neighborhood: a neighborhood in which more "urban sophisticates" live than 98.4% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for highly educated executives.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 15.0% of the Hollywood / Edencroft neighborhood's commuters ride the train to and from work each day, which is more than we found in 96.4% of America's neighborhoods.
Did you know that the Hollywood / Edencroft neighborhood has more Russian and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.0% of this neighborhood's residents have Russian ancestry and 1.9% have Armenian ancestry.
Hollywood / Edencroft is also pretty special linguistically. Significantly, 8.7% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 97.4% 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 Hollywood / Edencroft neighborhood in Wilmette 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 93.2% 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.
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 Hollywood / Edencroft neighborhood, 62.2% 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 23.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (7.8%), and 6.7% 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 Hollywood / Edencroft neighborhood is English, spoken by 75.0% of households. Other important languages spoken here include Chinese, Spanish, Langs. of India and Polish.
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 Hollywood / Edencroft neighborhood in Wilmette, IL, residents most commonly identify their ethnicity or ancestry as Asian (20.3%). There are also a number of people of Irish ancestry (14.1%), and residents who report German roots (13.4%), and some of the residents are also of Russian ancestry (8.0%), along with some English ancestry residents (7.6%), among others. In addition, 21.2% of the residents of this neighborhood were born in another country.
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 Hollywood / Edencroft neighborhood spend between 45 minutes and one hour commuting one-way to work (25.2% of working residents), longer and tougher than most commutes in America.
Here most residents (47.4%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (15.0%) and 9.9% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.