S Hobart Blvd / W James M Wood Blvd median real estate price is $1,580,767, which is more expensive than 85.3% of the neighborhoods in California and 97.1% of the neighborhoods in the U.S.
The average rental price in S Hobart Blvd / W James M Wood Blvd is currently $2,693, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 68.3% of California neighborhoods.
S Hobart Blvd / W James M Wood Blvd is a densely urban neighborhood (based on population density) located in Los Angeles, California.
S Hobart Blvd / W James M Wood Blvd real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the S Hobart Blvd / W James M Wood Blvd neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Home and apartment vacancy rates are 7.7% in S Hobart Blvd / W James M Wood Blvd. NeighborhoodScout analysis shows that this rate is lower than 50.0% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 S Hobart Blvd / W James M Wood Blvd neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real Estate
What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 63,256 people per square mile, it is more densely populated than 99.0% of America's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the S Hobart Blvd / W James M Wood Blvd neighborhood is one of the most walkable neighborhoods in America.
In addition, the S Hobart Blvd / W James M Wood Blvd neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 95.2% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Furthermore, the real estate in the S Hobart Blvd / W James M Wood Blvd neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 93.8% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.8% of American neighborhoods.
Also of note, renter-occupied real estate is dominant in the S Hobart Blvd / W James M Wood Blvd neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 96.1%, which is higher than 98.3% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Finally, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 56.8% of the residential real estate in the S Hobart Blvd / W James M Wood Blvd neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 95.7% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Modes of Transportation
Our research revealed that more commuters here take the bus to work (21.0% ride the bus) than 98.8% 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.
Car Ownership
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the S Hobart Blvd / W James M Wood Blvd neighborhood has a highly unusual pattern of car ownership. 25.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.5% of U.S. neighborhoods.
Occupations
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the S Hobart Blvd / W James M Wood Blvd neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 96.3% of all American neighborhoods.
People
The types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 49.1%. This is a higher percent living alone than we found in 95.1% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.
Diversity
Did you know that the S Hobart Blvd / W James M Wood Blvd neighborhood has more Lebanese and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.6% of this neighborhood's residents have Lebanese ancestry and 1.8% have Hungarian ancestry.
S Hobart Blvd / W James M Wood Blvd is also pretty special linguistically. Significantly, 7.8% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 99.4% of the neighborhoods in America.
Migration / Stability
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. What is interesting to note, is that the S Hobart Blvd / W James M Wood Blvd neighborhood has a greater percentage of residents born in another country (45.5%) than are found in 96.3% of all U.S. neighborhoods.
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 S Hobart Blvd / W James M Wood Blvd neighborhood in Los Angeles are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 82.6% of U.S. neighborhoods. With 24.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 75.5% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the S Hobart Blvd / W James M Wood Blvd neighborhood, 39.6% 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 executive, management, and professional occupations, with 38.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (13.9%), and 8.1% in clerical, assistant, and tech support occupations.
Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the S Hobart Blvd / W James M Wood Blvd neighborhood is Spanish, spoken by 50.3% of households. Other important languages spoken here include English, Korean, Tagalog (the first language of the Philippine region) and Vietnamese.
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 S Hobart Blvd / W James M Wood Blvd neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (22.7%). There are also a number of people of Asian ancestry (17.9%), and residents who report Irish roots (3.4%), and some of the residents are also of German ancestry (2.8%), along with some South American ancestry residents (2.2%), among others. In addition, 45.5% of the residents of this neighborhood were born in another country.
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 S Hobart Blvd / W James M Wood Blvd neighborhood spend between 30 and 45 minutes commuting one-way to work (48.7% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (45.3%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (21.0%) and 8.3% of residents also carpool with coworkers, friends, or neighbors 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.
