Macarthur Park Northwest median real estate price is $1,382,111, which is more expensive than 80.5% of the neighborhoods in California and 95.9% of the neighborhoods in the U.S.
The average rental price in Macarthur Park Northwest is currently $2,354, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 80.9% of California neighborhoods.
Macarthur Park Northwest is a densely urban neighborhood (based on population density) located in Los Angeles, California.
Macarthur Park Northwest 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 Macarthur Park Northwest neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.
Real estate vacancies in Macarthur Park Northwest are 5.3%, which is lower than one will find in 61.9% of American neighborhoods. Demand for real estate in Macarthur Park Northwest 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.
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 Macarthur Park Northwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The Macarthur Park Northwest 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 97.1% 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.
In addition, 96.8% of the real estate in the Macarthur Park Northwest neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Furthermore, the Macarthur Park Northwest neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 39,205 persons per square mile in the neighborhood, it is more packed with people than 97.8% of the nation's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Macarthur Park Northwest neighborhood is one of the most walkable neighborhoods in America.
Also of note, the real estate in the Macarthur Park Northwest neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 82.9% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.1% of American neighborhoods.
The Macarthur Park Northwest neighborhood stands out for having an average per capita income lower than 96.3% of the neighborhoods in the United States. Also of note, 80.5% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.
In addition, with a nice mix of college students, safety from crime, and decent walkability, the Macarthur Park Northwest neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 88.2% of the neighborhoods in CA. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.
More people ride the bus in this neighborhood each day to get to work than 99.2% of U.S. neighborhoods.
Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Macarthur Park Northwest neighborhood have a highly unusual car ownership. 22.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.9% of U.S. neighborhoods.
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 Macarthur Park Northwest neighborhood. What is interesting to note, is that the Macarthur Park Northwest neighborhood has a greater percentage of residents born in another country (52.8%) than are found in 98.1% of all U.S. neighborhoods.
Did you know that the Macarthur Park Northwest neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 30.5% of this neighborhood's residents have Asian ancestry.
Macarthur Park Northwest is also pretty special linguistically. Significantly, 19.9% 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 99.9% of the neighborhoods in America.
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 Macarthur Park Northwest 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 96.3% of U.S. neighborhoods. With 80.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.4% 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 Macarthur Park Northwest neighborhood, 34.4% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 30.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (25.1%), and 10.4% 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 Macarthur Park Northwest neighborhood is Spanish, spoken by 56.9% of households. Other important languages spoken here include Korean, English, Chinese and Japanese.
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 Macarthur Park Northwest neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (38.0%). There are also a number of people of Asian ancestry (30.5%), and residents who report South American roots (2.8%), and some of the residents are also of Sub-Saharan African ancestry (2.1%), along with some German ancestry residents (1.3%), among others. In addition, 52.8% 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 Macarthur Park Northwest neighborhood spend between 30 and 45 minutes commuting one-way to work (54.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (55.0%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (22.3%) and 11.3% 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.
