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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

In the Belvedere / Maravilla neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 32.6% of commuters carpool here, which is more than in 99.3% of all U.S. neighborhoods.

Occupations

NeighborhoodScout's exclusive research identifies the Belvedere / Maravilla neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 44.6% of its working residents employed in such fields, which is a higher proportion than 97.0% of American neighborhoods.

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

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 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.

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 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

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

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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