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Real Estate Prices & Overview

Los Feliz median real estate price is $1,780,867, which is more expensive than 88.9% of the neighborhoods in California and 97.8% of the neighborhoods in the U.S.

The average rental price in Los Feliz is currently $3,422, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 42.6% of California neighborhoods.

Los Feliz is a densely urban neighborhood (based on population density) located in Los Angeles, California.

Los Feliz 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 Los Feliz neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in Los Feliz are 5.9%, which is lower than one will find in 60.7% of American neighborhoods. Demand for real estate in Los Feliz 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.

Notable & Unique Neighborhood Characteristics

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 Los Feliz neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

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

Occupations

Executives, managers and professionals make up 74.0% of the workforce in the Los Feliz neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 97.4% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Modes of Transportation

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 2.9% of residents in the Los Feliz neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 95.6% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Real Estate

The Los Feliz 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 83.3% 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.

Diversity

Did you know that the Los Feliz neighborhood has more Armenian and Lithuanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.6% of this neighborhood's residents have Armenian ancestry and 2.5% have Lithuanian ancestry.

Los Feliz is also pretty special linguistically. Significantly, 4.5% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 98.7% 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 Los Feliz 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 81.1% of the neighborhoods in America. 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 Los Feliz neighborhood, 74.0% 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 11.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (8.5%), and 6.4% in manufacturing and laborer 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 Los Feliz neighborhood is English, spoken by 66.5% of households. Other important languages spoken here include Spanish, Korean and French.

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 Los Feliz neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as German (13.1%). There are also a number of people of Asian ancestry (11.7%), and residents who report Irish roots (11.5%), and some of the residents are also of Italian ancestry (11.4%), along with some English ancestry residents (8.0%), among others. In addition, 24.8% of the residents of this neighborhood were born in another country.

Getting to Work

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 Los Feliz neighborhood spend between 15 and 30 minutes commuting one-way to work (43.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (60.5%) 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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