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Real Estate Prices & Overview

Belvedere / Maravilla median real estate price is $796,760, which is more expensive than 44.1% of the neighborhoods in California and 84.0% of the neighborhoods in the U.S.

The average rental price in Belvedere / Maravilla is currently $2,283, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 80.5% of California neighborhoods.

Belvedere / Maravilla is a densely urban neighborhood (based on population density) located in Los Angeles, California.

Belvedere / Maravilla 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 occupied by a mixture of owners and renters. Many of the residences in the Belvedere / Maravilla neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Belvedere / Maravilla, the current vacancy rate is 3.0%, which is a lower rate of vacancies than 80.0% of all neighborhoods in the U.S. This means that the housing supply in Belvedere / Maravilla is very tight compared to the demand for property here.

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

Our research shows that more people carpool to work here in the Belvedere / Maravilla (32.6%) than in 99.3% of the neighborhoods in America.

Occupations

More people work in manufacturing and as laborers here in the Belvedere / Maravilla neighborhood than in 97.0% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Diversity

Did you know that the Belvedere / Maravilla neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 85.6% of this neighborhood's residents have Mexican ancestry.

Belvedere / Maravilla is also pretty special linguistically. Significantly, 73.4% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.9% 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 Belvedere / Maravilla neighborhood in Los Angeles are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 45.0% of the neighborhoods in America. With 14.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 59.1% 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 Belvedere / Maravilla neighborhood, 44.6% of the working population is employed in manufacturing and laborer 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 27.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.6%), and 11.0% in executive, management, and professional occupations.

Languages

The most common language spoken in the Belvedere / Maravilla neighborhood is Spanish, spoken by 73.4% of households. Some people also speak English (23.7%).

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 Belvedere / Maravilla neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (85.6%). There are also a number of people of Asian ancestry (3.7%), and residents who report Italian roots (1.1%). In addition, 37.4% 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 Belvedere / Maravilla neighborhood spend between 30 and 45 minutes commuting one-way to work (27.7% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (53.0%) 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 (32.6%) . 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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