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Real Estate Prices & Overview

Cambridge Crest median real estate price is $377,168, which is more expensive than 66.1% of the neighborhoods in Illinois and 51.0% of the neighborhoods in the U.S.

The average rental price in Cambridge Crest is currently $2,926, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 83.0% of the neighborhoods in Illinois.

Cambridge Crest is a suburban neighborhood (based on population density) located in Crest Hill, Illinois.

Cambridge Crest real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Cambridge Crest neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Cambridge Crest, the current vacancy rate is 1.9%, which is a lower rate of vacancies than 86.8% of all neighborhoods in the U.S. This means that the housing supply in Cambridge Crest is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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 Crest Hill, the Cambridge Crest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

In a nation where 1 out of every 4 children lives in poverty, the Cambridge Crest neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

Real Estate

Owner-occupied real estate dominates the Cambridge Crest neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 98.8% of neighborhoods in America.

In addition, if you love row houses and attached homes, you will probably really like the Cambridge Crest neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 31.5% of the residential real estate here is classified as row houses and attached homes.

Modes of Transportation

Our research shows that more people carpool to work here in the Cambridge Crest (24.2%) than in 96.6% of the neighborhoods in America.

Diversity

Did you know that the Cambridge Crest neighborhood has more Croatian and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.0% of this neighborhood's residents have Croatian ancestry and 3.6% have Eastern European ancestry.

The Neighbors

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 Cambridge Crest neighborhood in Crest Hill are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 59.3% 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.

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 Cambridge Crest neighborhood, 35.4% 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 31.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.2%), and 14.4% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Cambridge Crest neighborhood is English, spoken by 84.2% of households. Some people also speak Spanish (8.3%).

Ethnicity / Ancestry

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 Cambridge Crest neighborhood in Crest Hill, IL, residents most commonly identify their ethnicity or ancestry as German (18.6%). There are also a number of people of Italian ancestry (16.7%), and residents who report Mexican roots (13.0%), and some of the residents are also of Polish ancestry (11.3%), along with some Irish ancestry residents (7.6%), among others.

Getting to Work

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 Cambridge Crest neighborhood spend between 15 and 30 minutes commuting one-way to work (39.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (62.4%) 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 (24.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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