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Real Estate Prices & Overview

Elysian Park North median real estate price is $900,319, which is more expensive than 53.2% of the neighborhoods in California and 88.1% of the neighborhoods in the U.S.

The average rental price in Elysian Park North is currently $1,359, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 99.1% of California neighborhoods.

Elysian Park North is a remote neighborhood (based on population density) located in Los Angeles, California.

Elysian Park North 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 Elysian Park North neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

In Elysian Park North, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Elysian Park North is very tight compared to the demand for property here.

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

Renter-occupied real estate is dominant in the Elysian Park North neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 89.8%, which is higher than 96.7% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so. This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Elysian Park North neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.

In addition, 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 Elysian Park North 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, 34.2% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 96.0% of America's neighborhoods.

People

In a nation where 1 out of every 4 children lives in poverty, the Elysian Park North neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, neighborhoodScout's analysis shows that the Elysian Park North neighborhood has a greater concentration of residents currently enrolled in college than 95.1% of the neighborhoods in the U.S. With 10.4% of the population here attending college, this is very much a college-focused neighborhood.

Modes of Transportation

Our research reveals that 92.1% of commuters who live in the Elysian Park North neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 99.0% of U.S. neighborhoods.

Diversity

Did you know that the Elysian Park North neighborhood has more Asian and Finnish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 51.1% of this neighborhood's residents have Asian ancestry and 1.6% have Finnish ancestry.

Elysian Park North is also pretty special linguistically. Significantly, 20.9% 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 99.3% of the neighborhoods in America.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Elysian Park North neighborhood. What is interesting to note, is that the Elysian Park North neighborhood has a greater percentage of residents born in another country (57.7%) than are found in 98.9% 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 Elysian Park North neighborhood in Los Angeles are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. 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.

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 Elysian Park North neighborhood, 37.3% 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 36.1% of the residents employed. Other residents here are employed in executive, management, and professional occupations (20.5%), and 6.0% in clerical, assistant, and tech support occupations.

Languages

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 Elysian Park North neighborhood is Spanish, spoken by 37.8% of households. Other important languages spoken here include Chinese, Italian, English and Tagalog (the first language of the Philippine region).

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 Elysian Park North neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Asian (51.1%). There are also a number of people of Mexican ancestry (43.4%), and residents who report German roots (2.2%), and some of the residents are also of French ancestry (2.2%), along with some Dutch ancestry residents (2.2%), among others. In addition, 57.7% of the residents of this neighborhood were born in another country.

Getting to Work

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 Elysian Park North neighborhood spend between 15 and 30 minutes commuting one-way to work (64.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (92.1%) 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.

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Race & Ethnic Diversity
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Crime includes:
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Schools include:
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