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Real Estate Prices & Overview

Japantown median real estate price is $969,247, which is more expensive than 55.3% of the neighborhoods in California and 88.5% of the neighborhoods in the U.S.

The average rental price in Japantown is currently $2,802, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 64.7% of California neighborhoods.

Japantown is a suburban neighborhood (based on population density) located in San Luis Obispo, California.

Japantown real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and mobile homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Japantown 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.

Japantown has a 11.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 65.6% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Modes of Transportation

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 9.4% of residents in the Japantown neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 99.6% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

People

If you're planning where to retire, the Japantown neighborhood in San Luis Obispo is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in CA, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 87.6% of the neighborhoods in California. If you are considering retiring to California, this is a good neighborhood to look at.

Diversity

Did you know that the Japantown neighborhood has more Romanian and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.5% of this neighborhood's residents have Romanian ancestry and 0.9% have Armenian ancestry.

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 Japantown neighborhood in San Luis Obispo are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 48.5% of the neighborhoods in America. With 11.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 52.8% 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 Japantown neighborhood, 61.5% 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 15.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.8%), and 10.5% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Japantown neighborhood is English, spoken by 82.3% of households. Some people also speak Spanish (13.5%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Japantown neighborhood in San Luis Obispo, CA, residents most commonly identify their ethnicity or ancestry as English (17.0%). There are also a number of people of German ancestry (16.9%), and residents who report Mexican roots (15.7%), and some of the residents are also of Irish ancestry (13.1%), along with some Italian ancestry residents (7.8%), among others.

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 Japantown neighborhood spend under 15 minutes commuting one-way to work (47.9% of working residents), one of the shortest commutes across America.

Here most residents (62.0%) drive alone in a private automobile to get to work. In addition, quite a number also bicycle to get to work (9.4%) . 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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