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Real Estate Prices & Overview

W 103rd St / S Vermont Ave median real estate price is $644,834, which is less expensive than 70.1% of California neighborhoods and 23.0% of all U.S. neighborhoods.

The average rental price in W 103rd St / S Vermont Ave is currently $1,990, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 88.2% of California neighborhoods.

W 103rd St / S Vermont Ave is a densely urban neighborhood (based on population density) located in Los Angeles, California.

W 103rd St / S Vermont Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the W 103rd St / S Vermont Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in W 103rd St / S Vermont Ave are 5.4%, which is lower than one will find in 64.0% of American neighborhoods. Demand for real estate in W 103rd St / S Vermont Ave 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

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

Single parenting is hard. But you don't have to tell the W 103rd St / S Vermont Ave neighborhood about it; they already know. 21.5% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 97.7% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the W 103rd St / S Vermont Ave neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 97.4% of all American neighborhoods.

Real Estate

If you like crowded places, then you will probably enjoy the the W 103rd St / S Vermont Ave neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.4% of neighborhoods in the U.S., with 22,087 people per square mile living here.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 95.4% of U.S. neighborhoods.

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 W 103rd St / S Vermont Ave neighborhood has a highly unusual pattern of car ownership. 19.5% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.1% of 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 103rd St / S Vermont Ave 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 92.2% of U.S. neighborhoods. With 38.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 87.8% 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 W 103rd St / S Vermont Ave neighborhood, 41.8% 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 30.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.7%), and 7.1% in executive, management, and professional occupations.

Languages

The most common language spoken in the W 103rd St / S Vermont Ave neighborhood is Spanish, spoken by 52.1% of households. Some people also speak English (46.5%).

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 W 103rd St / S Vermont Ave neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (35.6%). There are also a number of people of Sub-Saharan African ancestry (4.3%), and residents who report African roots (2.5%), and some of the residents are also of Irish ancestry (1.2%). In addition, 31.5% 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 W 103rd St / S Vermont Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (33.4% of working residents), longer and tougher than most commutes in America.

Here most residents (71.2%) 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 (16.0%) and 11.0% 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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