San Tropai / Runaway Bay median real estate price is $154,305, which is less expensive than 81.1% of Illinois neighborhoods and 87.8% of all U.S. neighborhoods.
The average rental price in San Tropai / Runaway Bay is currently $2,135, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 42.0% of Illinois neighborhoods.
San Tropai / Runaway Bay is a densely urban neighborhood (based on population density) located in Palatine, Illinois.
San Tropai / Runaway Bay real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the San Tropai / Runaway Bay neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In San Tropai / Runaway Bay, 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 San Tropai / Runaway Bay is very tight compared to the demand for property here.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
With a real estate vacancy rate of only 0.0%, the San Tropai / Runaway Bay 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.
In addition, the San Tropai / Runaway Bay neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 97.4% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Furthermore, most neighborhoods are composed of a mixture of ages of homes, but the San Tropai / Runaway Bay stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 92.0% of the residential real estate here was built in this one time period.
Also of note, the real estate in the San Tropai / Runaway Bay neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 85.7% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.5% of American neighborhoods.
Single parenting is hard. But you don't have to tell the San Tropai / Runaway Bay neighborhood about it; they already know. 19.4% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 96.6% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.
Did you know that the San Tropai / Runaway Bay neighborhood has more Ukrainian and Lithuanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.8% of this neighborhood's residents have Ukrainian ancestry and 1.1% have Lithuanian ancestry.
San Tropai / Runaway Bay is also pretty special linguistically. Significantly, 2.2% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 99.0% of the neighborhoods in America.
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. What is interesting to note, is that the San Tropai / Runaway Bay neighborhood has a greater percentage of residents born in another country (42.1%) than are found in 95.0% of all U.S. neighborhoods.
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 San Tropai / Runaway Bay neighborhood in Palatine are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 78.7% of U.S. neighborhoods. With 39.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 88.6% of U.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 San Tropai / Runaway Bay neighborhood, 29.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 26.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (26.9%), and 16.9% 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 San Tropai / Runaway Bay neighborhood is Spanish, spoken by 46.8% of households. Other important languages spoken here include English, Polish and Urdu (the national language of Pakistan).
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 San Tropai / Runaway Bay neighborhood in Palatine, IL, residents most commonly identify their ethnicity or ancestry as Mexican (45.5%). There are also a number of people of Asian ancestry (6.6%), and residents who report Polish roots (6.6%), and some of the residents are also of Ukrainian ancestry (5.8%), along with some Puerto Rican ancestry residents (5.7%), among others. In addition, 42.1% 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 San Tropai / Runaway Bay neighborhood spend between 15 and 30 minutes commuting one-way to work (40.5% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (74.3%) 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 (14.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.