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Real Estate Prices & Overview

Hollywood United North median real estate price is $2,338,182, which is more expensive than 94.3% of the neighborhoods in California and 98.9% of the neighborhoods in the U.S.

The average rental price in Hollywood United North is currently $4,072, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 74.9% of the neighborhoods in California.

Hollywood United North is an urban neighborhood (based on population density) located in Los Angeles, California.

Hollywood United North real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Hollywood United North neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Vacant apartments or homes are a major fact of life in Hollywood United North. The current real estate vacancy rate here is 25.8%. This is higher than the rate of vacancies in 93.4% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

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.

Modes of Transportation

In the Hollywood United North neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 54.4% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 99.9% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.

People

Hollywood United North has the amazing distinction of housing more same sex couples living together than 98.4% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.

Occupations

Executives, managers and professionals make up 77.2% of the workforce in the Hollywood United North neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 98.1% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Diversity

Did you know that the Hollywood United North neighborhood has more British and Greek ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.6% of this neighborhood's residents have British ancestry and 2.6% have Greek ancestry.

Hollywood United North is also pretty special linguistically. Significantly, 0.9% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 97.4% of the neighborhoods in America.

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 Hollywood United North neighborhood in Los Angeles are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 82.3% of the neighborhoods in America. With 30.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 82.9% 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 Hollywood United North neighborhood, 77.2% 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 10.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (10.0%), and 2.7% in government jobs, whether they are in local, state, or federal positions.

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 Hollywood United North neighborhood is English, spoken by 85.7% of households. Other important languages spoken here include Polish and Spanish.

Ethnicity / Ancestry

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 Hollywood United North neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as German (24.3%). There are also a number of people of English ancestry (19.3%), and residents who report Italian roots (16.1%), and some of the residents are also of Irish ancestry (12.7%), along with some Mexican ancestry residents (7.9%), among others. In addition, 13.9% 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 Hollywood United North neighborhood spend under 15 minutes commuting one-way to work (28.6% of working residents), one of the shortest commutes across America.

Here most residents (33.3%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (5.5%) . 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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