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.
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 Elysian Park North neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
89.8% of the real estate in the Elysian Park North neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America. With a real estate vacancy rate of only 0.0%, the Elysian Park North neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
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.
Of note is NeighborhoodScout's research finding that the Elysian 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 Elysian Park North community truly stands out from the rest in this regard.
In addition, an extraordinary 10.4% of the residents of the Elysian Park North neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.
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.
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.
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.
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 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.
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 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.
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).
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 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.
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 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.