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Real Estate Prices & Overview

5th St E / E Ave L median real estate price is $486,003, which is less expensive than 80.7% of California neighborhoods and 33.3% of all U.S. neighborhoods.

The average rental price in 5th St E / E Ave L is currently $2,719, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 64.2% of California neighborhoods.

5th St E / E Ave L is a suburban neighborhood (based on population density) located in Lancaster, California.

5th St E / E Ave L real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the 5th St E / E Ave L neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Real estate vacancies in 5th St E / E Ave L are 4.8%, which is lower than one will find in 68.1% of American neighborhoods. Demand for real estate in 5th St E / E Ave L is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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 Lancaster, the 5th St E / E Ave L neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

5th St E / E Ave L is ranked among the top 8.3% of neighborhoods for first-time home buyers to consider in the state of California according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the 5th St E / E Ave L neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.

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 5th St E / E Ave L neighborhood in Lancaster are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 64.8% of the neighborhoods in America. With 26.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 76.9% 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 5th St E / E Ave L neighborhood, 42.1% 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 25.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (17.4%), and 15.4% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the 5th St E / E Ave L neighborhood is English, spoken by 74.0% of households. Some people also speak Spanish (21.9%).

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 5th St E / E Ave L neighborhood in Lancaster, CA, residents most commonly identify their ethnicity or ancestry as Mexican (30.0%). There are also a number of people of Sub-Saharan African ancestry (5.1%), and residents who report African roots (4.2%), and some of the residents are also of Asian ancestry (4.1%), along with some South American ancestry residents (3.1%), among others. In addition, 12.5% 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 5th St E / E Ave L neighborhood spend between 15 and 30 minutes commuting one-way to work (32.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (74.4%) 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 (17.4%) . 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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