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Real Estate Prices & Overview

Dennison St / S Downey Rd median real estate price is $837,974, which is more expensive than 47.7% of the neighborhoods in California and 86.1% of the neighborhoods in the U.S.

The average rental price in Dennison St / S Downey Rd is currently $2,300, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 80.2% of California neighborhoods.

Dennison St / S Downey Rd is a densely urban neighborhood (based on population density) located in Los Angeles, California.

Dennison St / S Downey Rd 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 renter occupied. Many of the residences in the Dennison St / S Downey Rd neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in Dennison St / S Downey Rd are 4.7%, which is lower than one will find in 68.4% of American neighborhoods. Demand for real estate in Dennison St / S Downey Rd 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.

Diversity

Did you know that the Dennison St / S Downey Rd neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 88.1% of this neighborhood's residents have Mexican ancestry.

Dennison St / S Downey Rd is also pretty special linguistically. Significantly, 82.4% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.9% 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 Dennison St / S Downey Rd neighborhood in Los Angeles are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 80.5% of U.S. neighborhoods. With 33.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 84.5% 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 Dennison St / S Downey Rd neighborhood, 33.1% 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 31.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.7%), and 14.9% in executive, management, and professional occupations.

Languages

The most common language spoken in the Dennison St / S Downey Rd neighborhood is Spanish, spoken by 82.4% of households. Some people also speak English (16.4%).

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 Dennison St / S Downey Rd neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (88.1%). There are also a number of people of Asian ancestry (1.1%). In addition, 35.7% 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 Dennison St / S Downey Rd neighborhood spend between 15 and 30 minutes commuting one-way to work (39.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (67.7%) 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 (16.1%) and 8.8% 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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