N Edgemont St / Council St median real estate price is $2,095,249, which is more expensive than 89.8% of the neighborhoods in California and 98.0% of the neighborhoods in the U.S.
The average rental price in N Edgemont St / Council St is currently $2,604, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 74.4% of California neighborhoods.
N Edgemont St / Council St is a densely urban neighborhood (based on population density) located in Los Angeles, California.
N Edgemont St / Council St 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 N Edgemont St / Council St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In N Edgemont St / Council St, the current vacancy rate is 2.1%, which is a lower rate of vacancies than 84.9% of all neighborhoods in the U.S. This means that the housing supply in N Edgemont St / Council St 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 Los Angeles, the N Edgemont St / Council St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The N Edgemont St / Council St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 47,165 persons per square mile in the neighborhood, it is more packed with people than 98.3% of the nation's neighborhoods. 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 N Edgemont St / Council St neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, the N Edgemont St / Council St 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 90.2% 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, 92.8% of the real estate in the N Edgemont St / Council St neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Also of note, one of the really unique and interesting things about the look and setting of the N Edgemont St / Council St neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 74.6% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 95.9% of all neighborhoods in America.
More people ride the bus in this neighborhood each day to get to work than 97.5% of U.S. neighborhoods.
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 N Edgemont St / Council St neighborhood has a greater percentage of residents born in another country (51.9%) than are found in 98.0% of all U.S. neighborhoods.
Did you know that the N Edgemont St / Council St neighborhood has more Yugoslav and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.6% of this neighborhood's residents have Yugoslav ancestry and 1.3% have Iranian ancestry.
N Edgemont St / Council St is also pretty special linguistically. Significantly, 9.9% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 99.5% 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 N Edgemont St / Council St 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 66.9% of U.S. neighborhoods. With 45.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 92.4% of U.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 N Edgemont St / Council St neighborhood, 35.7% 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 31.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.8%), and 10.1% in clerical, assistant, and tech support 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 N Edgemont St / Council St neighborhood is Spanish, spoken by 55.2% of households. Other important languages spoken here include English, Tagalog (the first language of the Philippine region) 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 N Edgemont St / Council St neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Asian (21.4%). There are also a number of people of Mexican ancestry (21.0%), and residents who report Russian roots (3.2%), and some of the residents are also of Irish ancestry (2.2%), along with some German ancestry residents (2.1%), among others. In addition, 51.9% 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 N Edgemont St / Council St neighborhood spend between 30 and 45 minutes commuting one-way to work (43.1% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (54.7%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (15.1%) and 12.1% 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.