Lakewood Shores / Rest Haven median real estate price is $296,690, which is more expensive than 52.0% of the neighborhoods in Illinois and 38.8% of the neighborhoods in the U.S.
The average rental price in Lakewood Shores / Rest Haven is currently $2,258, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 65.5% of the neighborhoods in Illinois.
Lakewood Shores / Rest Haven is a remote neighborhood (based on population density) located in Wilmington, Illinois.
Lakewood Shores / Rest Haven real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Lakewood Shores / Rest Haven neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Lakewood Shores / Rest Haven has a 14.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 76.3% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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 Wilmington, the Lakewood Shores / Rest Haven neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
NeighborhoodScout's exclusive research identifies the Lakewood Shores / Rest Haven neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 48.6% of its working residents employed in such fields, which is a higher proportion than 98.6% of American neighborhoods.
Some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Lakewood Shores / Rest Haven neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 95.2% of all American neighborhoods.
The Lakewood Shores / Rest Haven neighborhood is a great option for families, as revealed by NeighborhoodScout's research on this neighborhood. The combination of top public schools, low crime rates, and owner-occupied single family homes, make this neighborhood among the top 6.0% of family-friendly neighborhoods in the state of Illinois. Many other families also live here, making it easy to socialize and develop a sense of community. In addition, families here highly value education, as is reflected by the strength of the local schools.
Did you know that the Lakewood Shores / Rest Haven neighborhood has more Danish and Swedish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.5% of this neighborhood's residents have Danish ancestry and 5.2% have Swedish ancestry.
Lakewood Shores / Rest Haven is also pretty special linguistically. Significantly, 6.4% 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 95.2% 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 Lakewood Shores / Rest Haven neighborhood in Wilmington are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 49.0% of the neighborhoods in America. In addition, 2.3% 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 73.9% 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 Lakewood Shores / Rest Haven neighborhood, 48.6% of the working population is employed in manufacturing and laborer 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 24.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (16.9%), and 10.5% 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 Lakewood Shores / Rest Haven neighborhood is English, spoken by 94.8% of households. Other important languages spoken here include Italian and Spanish.
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 Lakewood Shores / Rest Haven neighborhood in Wilmington, IL, residents most commonly identify their ethnicity or ancestry as Irish (21.9%). There are also a number of people of German ancestry (14.8%), and residents who report Italian roots (10.1%), and some of the residents are also of Polish ancestry (8.8%), along with some English ancestry residents (5.5%), 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 Lakewood Shores / Rest Haven neighborhood spend between 30 and 45 minutes commuting one-way to work (42.0% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (75.5%) 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 (17.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.