S Hobart Blvd / W James M Wood Blvd median real estate price is $1,580,767, which is more expensive than 85.3% of the neighborhoods in California and 97.1% of the neighborhoods in the U.S.
The average rental price in S Hobart Blvd / W James M Wood Blvd is currently $2,693, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 68.3% of California neighborhoods.
S Hobart Blvd / W James M Wood Blvd is a densely urban neighborhood (based on population density) located in Los Angeles, California.
S Hobart Blvd / W James M Wood Blvd real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the S Hobart Blvd / W James M Wood Blvd neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Home and apartment vacancy rates are 7.7% in S Hobart Blvd / W James M Wood Blvd. NeighborhoodScout analysis shows that this rate is lower than 50.0% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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.
Real Estate
What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 63,256 people per square mile, it is more densely populated than 99.0% of America's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the S Hobart Blvd / W James M Wood Blvd neighborhood is one of the most walkable neighborhoods in America.
In addition, the S Hobart Blvd / W James M Wood Blvd neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 95.2% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Furthermore, the real estate in the S Hobart Blvd / W James M Wood Blvd neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 93.8% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.8% of American neighborhoods.
Also of note, 96.1% of the real estate in the S Hobart Blvd / W James M Wood Blvd neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Finally, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 56.8% of the residential real estate in the S Hobart Blvd / W James M Wood Blvd neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 95.7% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Modes of Transportation
Our research revealed that more commuters here take the bus to work (21.0% ride the bus) than 98.8% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.
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 S Hobart Blvd / W James M Wood Blvd neighborhood has a highly unusual pattern of car ownership. 25.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.5% of U.S. neighborhoods.
Occupations
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the S Hobart Blvd / W James M Wood Blvd neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 96.3% of all American neighborhoods.
People
The types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 49.1%. This is a higher percent living alone than we found in 95.1% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.
Diversity
Did you know that the S Hobart Blvd / W James M Wood Blvd neighborhood has more Lebanese and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.6% of this neighborhood's residents have Lebanese ancestry and 1.8% have Hungarian ancestry.
S Hobart Blvd / W James M Wood Blvd is also pretty special linguistically. Significantly, 7.8% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 99.4% of the neighborhoods in America.
Migration / Stability
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the S Hobart Blvd / W James M Wood Blvd neighborhood. What is interesting to note, is that the S Hobart Blvd / W James M Wood Blvd neighborhood has a greater percentage of residents born in another country (45.5%) than are found in 96.3% of all U.S. neighborhoods.
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 S Hobart Blvd / W James M Wood Blvd 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 82.6% of U.S. neighborhoods. With 24.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 75.5% 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 S Hobart Blvd / W James M Wood Blvd neighborhood, 39.6% 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 executive, management, and professional occupations, with 38.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (13.9%), and 8.1% in clerical, assistant, and tech support occupations.
Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the S Hobart Blvd / W James M Wood Blvd neighborhood is Spanish, spoken by 50.3% of households. Other important languages spoken here include English, Korean, Tagalog (the first language of the Philippine region) and Vietnamese.
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 S Hobart Blvd / W James M Wood Blvd neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (22.7%). There are also a number of people of Asian ancestry (17.9%), and residents who report Irish roots (3.4%), and some of the residents are also of German ancestry (2.8%), along with some South American ancestry residents (2.2%), among others. In addition, 45.5% of the residents of this neighborhood were born in another country.
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 S Hobart Blvd / W James M Wood Blvd neighborhood spend between 30 and 45 minutes commuting one-way to work (48.7% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (45.3%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (21.0%) and 8.3% of residents also carpool with coworkers, friends, or neighbors 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.
