huntley market overview- nov 2017r · huntley's certified 2016 special census population is...

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Village of Huntley, Margo Griffin - Economic Development Manager, 847-515-5269 [email protected] www.HuntleyFirst.com HuntleyFirst .com Huntley, Illinois - Kane and McHenry County Demographic Profile 3 Mile Radius 5 Mile Radius 10 Mile Radius 2016 Population Estimate 38,398 73,861 265,342 Households 14,075 25,808 92,615 Average Household Income $91,909 $102,610 $99,405 $367 Million Over the last 3 1/2 years the private sector invested more than $367,000,000 in new commercial and residential construction in Huntley. Over 2,000 jobs created in the last 3 1/2 years. Huntley remains near the top in the region with 706 new residential housing units approved in the last 3 1/2 years. ESRI 2016

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Page 1: Huntley Market Overview- Nov 2017r · Huntley's certified 2016 Special Census population is 26,632 residents. The 2010 Census confirmed that Huntley was the fastest growing community

Village of Huntley, Margo Griffin - Economic Development Manager, 847-515-5269 [email protected] www.HuntleyFirst.com

HuntleyFirst .com

Huntley, Illinois - Kane and McHenry County

Demographic Profile 3 Mile Radius 5 Mile Radius 10 Mile Radius

2016 Population Estimate 38,398 73,861 265,342

Households 14,075 25,808 92,615

Average Household Income $91,909 $102,610 $99,405

$367 Million

Over the last 3 1/2 years the private sector invested more than $367,000,000 in new commercial and residential construction in Huntley. Over 2,000 jobs created in the last 3 1/2 years.

Huntley remains near the top in the region with 706 new residential housing units approved in the last 3 1/2 years.

ESRI 2016

Page 2: Huntley Market Overview- Nov 2017r · Huntley's certified 2016 Special Census population is 26,632 residents. The 2010 Census confirmed that Huntley was the fastest growing community

Come Grow With Us!

www.HuntleyFirst.com

Page 3: Huntley Market Overview- Nov 2017r · Huntley's certified 2016 Special Census population is 26,632 residents. The 2010 Census confirmed that Huntley was the fastest growing community

Margo Griffin, Economic Development Manager 10987 Main Street, Huntley, IL 60142 [email protected] (847) 515-5269

www.HuntleyFirst.com

Page 4: Huntley Market Overview- Nov 2017r · Huntley's certified 2016 Special Census population is 26,632 residents. The 2010 Census confirmed that Huntley was the fastest growing community

Margo Griffin Economic Development Manager 847.515.5269 (o) 815.347.5668 (c) [email protected]

For more information contact us today Village of Huntley • 10987 Main Street, Huntley, IL 60142

11.1..17

$1.04 Billion Retail Potential There is a $1,043,759,999 demand for retail trade within a 5 mile radius of Route 47 and Main Street in Huntley. This demand is currently not being met, indicating a need for additional retail and restaurant growth in the community . (ESRI 2016)

Huntley Market Highlights

Top 2 Demographic Tapestry Prof i les:

Silver and Gold Huntley’s largest demographic tapestry is Silver and Gold (43%). These are wealthy, educated seniors. Most residents have retired from professional occupations. Their median household income is $69,774, and their median net worth is $365,407. Fifty-six percent of the households still earn wages or salaries, half collect Social Security benefits, 63 percent receive investment income, and 35 percent collect retirement income. Silver and Gold residents have the free time and resources to pursue their interests. They travel domestically and abroad including cruise vacations. They are also interested in home improvement and remodeling projects. They eat out, relax with a glass of wine, go to movies, and are active in clubs. Favorite restaurants include Outback Steakhouse, Cracker Barrel, Olive Garden, and Applebee’s.

Up and coming Families Up and Coming Families represents Huntley’s second highest demographic segment (29%). A mix of Generation Xers and Baby Boomers with a median age of 31.9 years, residents of these neighborhoods are young, affluent families with younger children. Beginning their careers, they are earning above-average incomes. The median household income is $78,189, higher than the national median. The median net worth is $194,046. Many are beginning or expanding their families, so baby equipment, children’s clothing, and toys are essential purchases. Because many are first-time homeowners, basic household furniture, home improvement, and lawn care are important. They eat out at family restaurants, especially on the weekends, and buy fast food at the drive-through or for takeout.

Hunt ley - Quick Facts and Overview :

Huntley’s full-access I-90 interchange at Rt. 47 was opened in 2013, making the area very attractive to commercial and industrial development. Our thriving community has over 300 acres of fully developed retail, office and industrial sites available.

Centegra Hospital-Huntley opened August 9, 2016. The 128-bed hospital offers state-of-the-art technology with all private rooms. Currently, Centegra is in talks to merge with the highly regarded Northwestern Medicine hospitals, and Children’s Lurie Hospital doctors are currently staffing the pediatric ward. Centegra’s 80,000 square foot medical office building (MOB) opened early 2017. Rosalind Franklin University (medical school) is a signed tenant for the MOB and should be open by mid-summer. Huntley is fast becoming a medical mecca.

Huntley's certified 2016 Special Census population is 26,632 residents. The 2010 Census confirmed that Huntley was the fastest growing community in terms of percent (321 % increase) and the 4th fastest growing in terms of numbers (18,526 new residents) in the State of Illinois between 2000 and 2010. Huntley's Del Webb Sun City is the largest active adult development in the Midwest with approximately 9,000 residents. The remaining Huntley subdivisions have a very high percentage of young families with children. Year after year, Huntley continues to rank among the fastest growing in the Chicago region in terms of new residential building permits.

Huntley’s fast track permitting process allows most developments to receive plan approvals within 90 days of full plan submittal. Fast tracking illustrates that Huntley understands that time is money. Efficient and timely approvals minimize construction related costs and represent an important economic incentive.

Huntley School District has been recognized as a leader at state and national levels for bringing innovation to K-12 education, while at the same time maintaining among the lowest per-pupil spending rates in all of Northern Illinois. The high school consistently ranks among the highest in Illinois for AP scores and has been among the nation’s leaders in implementing advanced curricula including Project Lead the Way, STEM classes, and a new Medical Academy. This type of quality education is among the top reasons for parents to purchase a home in Huntley.

www.HuntleyFirst.com