Magnolia Park North median real estate price is $1,131,709, which is more expensive than 68.5% of the neighborhoods in California and 92.8% of the neighborhoods in the U.S.
The average rental price in Magnolia Park North is currently $3,738, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 67.0% of the neighborhoods in California.
Magnolia Park North is an urban neighborhood (based on population density) located in Burbank, California.
Magnolia Park North real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Magnolia Park North neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
In Magnolia Park North, the current vacancy rate is 2.1%, which is a lower rate of vacancies than 85.7% of all neighborhoods in the U.S. This means that the housing supply in Magnolia Park North is very tight compared to the demand for property here.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Burbank, the Magnolia Park North neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Of note is NeighborhoodScout's research finding that the Magnolia Park North neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Magnolia Park North community truly stands out from the rest in this regard.
In addition, magnolia Park North has the amazing distinction of housing more same sex couples living together than 98.0% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.
Did you know that the Magnolia Park North neighborhood has more Armenian and Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.5% of this neighborhood's residents have Armenian ancestry and 1.8% have Canadian ancestry.
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 Magnolia Park North neighborhood in Burbank are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 84.9% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America'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 Magnolia Park North neighborhood, 57.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 20.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (14.4%), and 7.7% in manufacturing and laborer occupations.
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 Magnolia Park North neighborhood is English, spoken by 77.2% of households. Other important languages spoken here include Spanish and Tagalog (the first language of the Philippine region).
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 Magnolia Park North neighborhood in Burbank, CA, residents most commonly identify their ethnicity or ancestry as Mexican (22.5%). There are also a number of people of German ancestry (15.6%), and residents who report Irish roots (14.6%), and some of the residents are also of Asian ancestry (8.8%), along with some English ancestry residents (7.2%), among others. In addition, 18.2% 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 Magnolia Park North neighborhood spend between 15 and 30 minutes commuting one-way to work (33.7% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (77.9%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.