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Real Estate Prices & Overview

5th St E / E Ave L median real estate price is $522,285, which is less expensive than 80.3% of California neighborhoods and 32.7% of all U.S. neighborhoods.

The average rental price in 5th St E / E Ave L is currently $2,833, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 63.5% 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

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 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.

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 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 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 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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