Marathon St / N Madison Ave median real estate price is $1,418,143, which is more expensive than 78.9% of the neighborhoods in California and 95.4% of the neighborhoods in the U.S.
The average rental price in Marathon St / N Madison Ave is currently $3,122, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 53.0% of California neighborhoods.
Marathon St / N Madison Ave is a densely urban neighborhood (based on population density) located in Los Angeles, California.
Marathon St / N Madison Ave 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 townhomes. Most of the residential real estate is renter occupied. Many of the residences in the Marathon St / N Madison Ave 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 1940 and 1969.
Marathon St / N Madison Ave has a 13.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 75.2% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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 Marathon St / N Madison Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The Marathon St / N Madison Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 32,344 persons per square mile in the neighborhood, it is more packed with people than 97.2% of the nation'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 Marathon St / N Madison Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In the Marathon St / N Madison Ave neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 11.6% of residents here. This is a higher proportion of walking commuters than we found in 95.9% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Also, more people ride the bus in this neighborhood each day to get to work than 95.3% of U.S. neighborhoods.
Did you know that the Marathon St / N Madison Ave neighborhood has more Brazilian and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.4% of this neighborhood's residents have Brazilian ancestry and 1.0% have Armenian ancestry.
Marathon St / N Madison Ave is also pretty special linguistically. Significantly, 5.0% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 98.0% of the neighborhoods in America.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the Marathon St / N Madison Ave neighborhood has a greater percentage of residents born in another country (48.9%) than are found in 97.2% 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 Marathon St / N Madison Ave neighborhood in Los Angeles are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 47.8% of the neighborhoods in America. With 28.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 80.2% 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 Marathon St / N Madison Ave neighborhood, 40.0% 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 27.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (17.6%), and 14.8% 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 Marathon St / N Madison Ave neighborhood is Spanish, spoken by 52.4% of households. Other important languages spoken here include English, Chinese and Tagalog (the first language of the Philippine region).
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 Marathon St / N Madison Ave neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (40.3%). There are also a number of people of Asian ancestry (14.8%), and residents who report Irish roots (5.4%), and some of the residents are also of Italian ancestry (4.7%), along with some English ancestry residents (4.5%), among others. In addition, 48.9% 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 Marathon St / N Madison Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (24.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (53.0%) 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 (11.6%) and 10.0% of residents also ride the bus 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.