Based on population density, Medinah Rd is a suburban neighborhood that can be found in Bloomingdale, Illinois. This is the perfect place for a bit of peace and quiet. Medinah Rd has such tranquility that it’s one of those places you can’t help but feel contented just driving through or living in hindsight after having had their homes decorated with lush trees throughout your yard.
When it comes to median home prices, Medinah Rd stands out as being more expensive than 77% of neighborhoods in Illinois and 62% higher than the national average. This area has such a high ratio, making it an attractive place for buyers looking at the Chicago market. That’s not surprising since it shares its borders with Lake Street ( another pricey street ). It also has some pretty high-end properties too.
In the Medinah Rd neighborhood, based on complete analysis by NeighborhoodScout excluding overlapping areas such as Chicago neighborhoods or other nearby cities that have similar characteristics to compare it with; rental prices are higher than 61.7% of all other places close enough for a comparison (less than 10 miles away).
Medinah Rd is a street where you can find all real estate types. Small to medium-sized apartments, single-family homes, and high-rise buildings make up this bustling neighborhood in Chicago’s North Side. The diverse population of Medinah Rd has been a mixture of owners and renters for years. The community is home to many established homes, built between 1970-1999, and newer ones that were added on in 2000 or later.
The current vacancy rate in Medinah Rd is 0.6%, which means fewer homes are for sale than what’s available demand-wise. This makes it very difficult to find a property here unless you’re looking outside of this area or have money set aside expressly because the prices aren’t yet affordable enough. They would want them residential homes instead of business sectors like offices, etc.
Medinah Rd is a moderate-income neighborhood. The people who live here have average household earnings, which makes it one of the more well-respected areas in America, according to NeighborhoodScout’s exclusive research on this specific subject matter. It should be noted that these neighbors do enjoy higher incomes than most other places around them by approximately 50%. The demographics largely determine the character of a neighborhood. A very wealthy area might be reserved for people who can afford expensive homes; an income-driven market means there will likely not be as many rentals available in this type of neighborhood compared to others with lower incomes.
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