Macarthur Park Southeast median real estate price is $743,945, which is more expensive than 39.3% of the neighborhoods in California and 82.0% of the neighborhoods in the U.S.
The average rental price in Macarthur Park Southeast is currently $1,734, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 94.8% of California neighborhoods.
Macarthur Park Southeast is a densely urban neighborhood (based on population density) located in Los Angeles, California.
Macarthur Park Southeast 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Macarthur Park Southeast neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Macarthur Park Southeast are 4.6%, which is lower than one will find in 67.1% of American neighborhoods. Demand for real estate in Macarthur Park Southeast 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 Southeast neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Our research revealed that more commuters here take the bus to work (31.7% ride the bus) than 99.8% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.
Also, in the Macarthur Park Southeast neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 23.9% of commuters carpool here, which is more than in 96.1% of all U.S. neighborhoods.
What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 77,112 people per square mile, it is more densely populated than 99.3% of America's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Macarthur Park Southeast neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, the Macarthur Park Southeast 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 93.0% 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.
Furthermore, one of the really unique and interesting things about the look and setting of the Macarthur Park Southeast neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 89.5% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 98.1% of all neighborhoods in America.
Also of note, renter-occupied real estate is dominant in the Macarthur Park Southeast neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 93.8%, which is higher than 97.8% 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.
Finally, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 56.4% of the residential real estate in the Macarthur Park Southeast neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 95.7% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
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 Southeast neighborhood have a highly unusual car ownership. 47.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.5% of U.S. neighborhoods.
More people work in manufacturing and as laborers here in the Macarthur Park Southeast neighborhood than in 98.4% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.
Furthermore, it used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. But according to NeighborhoodScout's leading analysis, the Macarthur Park Southeast neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 7.0% of the workforce so employed, this neighborhood has a greater concentration of such workers than 98.3% of U.S. neighborhoods.
The Macarthur Park Southeast neighborhood is unique for having just 4.0% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 98.1% of America's neighborhoods.
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. What is interesting to note, is that the Macarthur Park Southeast neighborhood has a greater percentage of residents born in another country (64.9%) than are found in 99.5% of all U.S. neighborhoods.
Significantly, 86.8% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.3% 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 Macarthur Park Southeast 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 85.4% of U.S. neighborhoods. With 34.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.1% of U.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 Macarthur Park Southeast neighborhood, 47.3% 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 29.3% of the residents employed. Other residents here are employed in executive, management, and professional occupations (13.4%), and 7.0% in farming, forestry, or commercial fishing.
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 Southeast neighborhood is Spanish, spoken by 86.8% of households. Other important languages spoken here include English and Korean.
Ethnicity / Ancestry
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 Macarthur Park Southeast neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (31.8%). There are also a number of people of Asian ancestry (2.6%), and residents who report Puerto Rican roots (1.3%), and some of the residents are also of Italian ancestry (1.3%). In addition, 64.9% of the residents of this neighborhood were born in another country.
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 Macarthur Park Southeast neighborhood spend between 15 and 30 minutes commuting one-way to work (35.1% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (31.7%) ride the bus to get to work. In addition, quite a number also drive alone in a private automobile to get to work (25.6%) and 23.9% of residents also carpool with coworkers, friends, or neighbors for their daily commute. The bus provides a valuable service in the Macarthur Park Southeast neighborhood of Los Angeles by getting a lot of residents to and from work daily, reducing the costs of commuting and reducing some congestion on the roads as well.
