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Real Estate Prices & Overview

Preston Heights median real estate price is $214,492, which is less expensive than 66.2% of Illinois neighborhoods and 76.1% of all U.S. neighborhoods.

The average rental price in Preston Heights is currently $2,006, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 46.5% of Illinois neighborhoods.

Preston Heights is a rural neighborhood (based on population density) located in Joliet, Illinois.

Preston Heights real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Preston Heights neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 8.0% in Preston Heights. NeighborhoodScout analysis shows that this rate is lower than 48.0% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Joliet, the Preston Heights neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Diversity

Did you know that the Preston Heights neighborhood has more African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.4% of this neighborhood's residents have African 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 Preston Heights neighborhood in Joliet are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 65.5% of U.S. neighborhoods. With 15.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 60.9% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Preston Heights neighborhood, 38.7% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 25.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.7%), and 15.6% in executive, management, and professional occupations.

Languages

The most common language spoken in the Preston Heights neighborhood is English, spoken by 70.8% of households. Some people also speak Spanish (28.7%).

Ethnicity / Ancestry

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 Preston Heights neighborhood in Joliet, IL, residents most commonly identify their ethnicity or ancestry as Mexican (30.5%). There are also a number of people of Sub-Saharan African ancestry (7.4%), and residents who report African roots (7.4%), and some of the residents are also of German ancestry (5.1%), along with some Italian ancestry residents (4.9%), among others. In addition, 11.1% of the residents of this neighborhood were born in another country.

Getting to Work

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 Preston Heights neighborhood spend under 15 minutes commuting one-way to work (32.0% of working residents), one of the shortest commutes across America.

Here most residents (81.4%) 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 (7.6%) . 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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