Fairmount median real estate price is $1,191,680, which is more expensive than 72.8% of the neighborhoods in California and 93.9% of the neighborhoods in the U.S.
The average rental price in Fairmount is currently $3,689, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 66.6% of the neighborhoods in California.
Fairmount is an urban neighborhood (based on population density) located in El Cerrito, California.
Fairmount real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Fairmount neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Fairmount are 4.0%, which is lower than one will find in 71.0% of American neighborhoods. Demand for real estate in Fairmount 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.
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 El Cerrito, the Fairmount 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 Fairmount 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 Fairmount community truly stands out from the rest in this regard.
In the Fairmount neighborhood, 14.5% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 96.8% of the neighborhoods in America.
Also, a unique way of commuting is simply not to. And in the Fairmount neighborhood, analysis shows that 33.4% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 95.0% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.
Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Fairmount neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 35.0% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 96.2% of America's neighborhoods.
Did you know that the Fairmount neighborhood has more Asian and Swiss ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 36.1% of this neighborhood's residents have Asian ancestry and 1.7% have Swiss ancestry.
Fairmount is also pretty special linguistically. Significantly, 17.0% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 99.0% of the neighborhoods in America.
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 Fairmount neighborhood in El Cerrito are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 58.5% 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 Fairmount neighborhood, 66.6% of the working population is employed in executive, management, and professional 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 16.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (11.5%), and 6.9% in government jobs, whether they are in local, state, or federal positions.
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 Fairmount neighborhood is English, spoken by 62.0% of households. Other important languages spoken here include Chinese, Spanish, African languages and Korean.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Fairmount neighborhood in El Cerrito, CA, residents most commonly identify their ethnicity or ancestry as Asian (36.1%). There are also a number of people of Mexican ancestry (14.9%), and residents who report German roots (8.0%), and some of the residents are also of Irish ancestry (7.5%), along with some English ancestry residents (5.6%), among others. In addition, 29.4% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Fairmount neighborhood spend between 15 and 30 minutes commuting one-way to work (31.8% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (43.1%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (14.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.