Drake Terrace / Adare Farms median real estate price is $392,732, which is more expensive than 62.3% of the neighborhoods in Illinois and 49.2% of the neighborhoods in the U.S.
The average rental price in Drake Terrace / Adare Farms is currently $2,838, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 80.9% of the neighborhoods in Illinois.
Drake Terrace / Adare Farms is a suburban neighborhood (based on population density) located in Wheaton, Illinois.
Drake Terrace / Adare Farms 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 single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Drake Terrace / Adare Farms 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 Drake Terrace / Adare Farms, the current vacancy rate is 2.2%, which is a lower rate of vacancies than 84.9% of all neighborhoods in the U.S. This means that the housing supply in Drake Terrace / Adare Farms 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.
If you are planning to retire in Illinois, this neighborhood should be on your must-see list. For many reasons, Drake Terrace / Adare Farms may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Illinois, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 99.0% of neighborhoods in IL. If a Illinois retirement is in your future, this neighborhood should be one of the places you visit.
Most neighborhoods are composed of a mixture of ages of homes, but the Drake Terrace / Adare Farms 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, 80.1% of the residential real estate here was built in this one time period.
Did you know that the Drake Terrace / Adare Farms neighborhood has more Iranian and Czechoslovakian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.4% of this neighborhood's residents have Iranian ancestry and 0.6% have Czechoslovakian ancestry.
Drake Terrace / Adare Farms is also pretty special linguistically. Significantly, 0.6% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 96.2% 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 Drake Terrace / Adare Farms neighborhood in Wheaton are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 64.2% of the neighborhoods in America. In addition, 7.9% 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 56.2% 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 Drake Terrace / Adare Farms neighborhood, 48.3% 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 33.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.3%), and 8.3% in manufacturing and laborer occupations.
The most common language spoken in the Drake Terrace / Adare Farms neighborhood is English, spoken by 89.9% of households. Some people also speak Spanish (3.5%).
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 Drake Terrace / Adare Farms neighborhood in Wheaton, IL, residents most commonly identify their ethnicity or ancestry as German (20.0%). There are also a number of people of Irish ancestry (13.6%), and residents who report English roots (11.2%), and some of the residents are also of Polish ancestry (10.5%), along with some Italian ancestry residents (9.4%), 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 Drake Terrace / Adare Farms neighborhood spend between 15 and 30 minutes commuting one-way to work (33.5% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (73.8%) 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.