W 78th St / S Vermont Ave median real estate price is $773,535, which is more expensive than 39.8% of the neighborhoods in California and 82.6% of the neighborhoods in the U.S.
The average rental price in W 78th St / S Vermont Ave is currently $2,437, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 79.9% of California neighborhoods.
W 78th St / S Vermont Ave is a densely urban neighborhood (based on population density) located in Los Angeles, California.
W 78th St / S Vermont Ave 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the W 78th St / S Vermont Ave 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 1940 and 1969.
Real estate vacancies in W 78th St / S Vermont Ave are 4.7%, which is lower than one will find in 67.7% of American neighborhoods. Demand for real estate in W 78th St / S Vermont Ave 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.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
American households most often have a car, and regularly they have two or three. But households in the W 78th St / S Vermont Ave neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 40.3% of the households here have four, five, or more cars. That is more cars per household than in 98.3% of the neighborhoods in the nation.
More people work in manufacturing and as laborers here in the W 78th St / S Vermont Ave neighborhood than in 97.4% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.
If you like crowded places, then you will probably enjoy the the W 78th St / S Vermont Ave neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.5% of neighborhoods in the U.S., with 27,634 people per square mile living here. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The W 78th St / S Vermont Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, 84.9% of the real estate in the W 78th St / S Vermont Ave neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. What is interesting to note, is that the W 78th St / S Vermont Ave neighborhood has a greater percentage of residents born in another country (45.5%) than are found in 96.2% of all U.S. neighborhoods.
Did you know that the W 78th St / S Vermont Ave neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 57.8% of this neighborhood's residents have Mexican ancestry.
W 78th St / S Vermont Ave is also pretty special linguistically. Significantly, 78.7% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.5% 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 W 78th St / S Vermont Ave 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 80.3% of U.S. neighborhoods. With 29.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 81.0% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the W 78th St / S Vermont Ave neighborhood, 45.3% of the working population is employed in manufacturing and laborer 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 25.4% of the residents employed. Other residents here are employed in executive, management, and professional occupations (16.4%), and 13.0% in clerical, assistant, and tech support occupations.
The most common language spoken in the W 78th St / S Vermont Ave neighborhood is Spanish, spoken by 78.7% of households. Some people also speak English (20.6%).
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 W 78th St / S Vermont Ave neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (57.8%). There are also a number of people of Sub-Saharan African ancestry (1.2%), and residents who report African roots (1.2%), and some of the residents are also of Dominican ancestry (1.2%). 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 W 78th St / S Vermont Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (32.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (77.4%) 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 (15.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.