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Real Estate Prices & Overview

Martin Luther King Jr Blvd / Platt Ave median real estate price is $741,683, which is less expensive than 61.4% of California neighborhoods and 17.9% of all U.S. neighborhoods.

The average rental price in Martin Luther King Jr Blvd / Platt Ave is currently $2,868, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 62.3% of California neighborhoods.

Martin Luther King Jr Blvd / Platt Ave is a densely urban neighborhood (based on population density) located in Lynwood, California.

Martin Luther King Jr Blvd / Platt Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Martin Luther King Jr Blvd / Platt Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Home and apartment vacancy rates are 6.1% in Martin Luther King Jr Blvd / Platt Ave. NeighborhoodScout analysis shows that this rate is lower than 59.4% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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.

Real Estate

Most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Martin Luther King Jr Blvd / Platt Ave neighborhood, is that an incredible 88.5% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.

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 Martin Luther King Jr Blvd / Platt Ave neighborhood has a highly unusual pattern of car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 48.4% of the households here have four, five, or more cars. That is more cars per household than in 99.5% of the neighborhoods in the nation.

Diversity

Did you know that the Martin Luther King Jr Blvd / Platt Ave neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 79.0% of this neighborhood's residents have Mexican ancestry.

Martin Luther King Jr Blvd / Platt Ave is also pretty special linguistically. Significantly, 77.5% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.3% 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 Martin Luther King Jr Blvd / Platt Ave neighborhood in Lynwood are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 67.1% of the neighborhoods in America. In addition, 9.5% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 51.9% of America'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 Martin Luther King Jr Blvd / Platt Ave neighborhood, 32.7% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 29.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.0%), and 16.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Martin Luther King Jr Blvd / Platt Ave neighborhood is Spanish, spoken by 77.5% of households. Some people also speak English (21.6%).

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 Martin Luther King Jr Blvd / Platt Ave neighborhood in Lynwood, CA, residents most commonly identify their ethnicity or ancestry as Mexican (79.0%). There are also a number of people of Sub-Saharan African ancestry (2.0%), and residents who report African roots (2.0%), and some of the residents are also of South American ancestry (1.5%). In addition, 35.6% 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 Martin Luther King Jr Blvd / Platt Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (36.4% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (80.8%) 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 (12.1%) and 5.1% 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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