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Real Estate Prices & Overview

W 81st St / S Broadway median real estate price is $743,788, which is more expensive than 36.7% of the neighborhoods in California and 81.4% of the neighborhoods in the U.S.

The average rental price in W 81st St / S Broadway is currently $2,021, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 89.2% of California neighborhoods.

W 81st St / S Broadway is a densely urban neighborhood (based on population density) located in Los Angeles, California.

W 81st St / S Broadway 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 renter occupied. Many of the residences in the W 81st St / S Broadway neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in W 81st St / S Broadway are 5.0%, which is lower than one will find in 65.6% of American neighborhoods. Demand for real estate in W 81st St / S Broadway 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 Los Angeles, the W 81st St / S Broadway neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

NeighborhoodScout's exclusive research revealed that 98.4% of the adult residents in the W 81st St / S Broadway neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 98.7% of the neighborhoods in America.

In addition, whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the W 81st St / S Broadway neighborhood has more single mother households than 95.5% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (14.0% ride the bus) than 97.1% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Real Estate

If you like crowded places, then you will probably enjoy the the W 81st St / S Broadway neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.6% of neighborhoods in the U.S., with 27,911 people per square mile living here. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The W 81st St / S Broadway neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, if you love row houses and attached homes, you will probably really like the W 81st St / S Broadway 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, 25.0% of the residential real estate here is classified as row houses and attached homes.

Diversity

Did you know that the W 81st St / S Broadway neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 65.1% of this neighborhood's residents have Mexican ancestry.

W 81st St / S Broadway is also pretty special linguistically. Significantly, 69.9% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.4% of all U.S. neighborhoods.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the W 81st St / S Broadway neighborhood in Los Angeles are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 94.6% of U.S. neighborhoods. With 40.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 89.7% of U.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 W 81st St / S Broadway neighborhood, 34.4% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 31.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.6%), and 16.4% in executive, management, and professional occupations.

Languages

The most common language spoken in the W 81st St / S Broadway neighborhood is Spanish, spoken by 69.9% of households. Some people also speak English (30.1%).

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 W 81st St / S Broadway neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (65.1%). There are also a number of people of Asian ancestry (2.1%). In addition, 29.1% of the residents of this neighborhood were born in another country.

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 W 81st St / S Broadway neighborhood spend between 15 and 30 minutes commuting one-way to work (35.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (59.8%) 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 (18.4%) and 14.0% of residents also ride the bus for their daily commute. 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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