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Real Estate Prices & Overview

Michigan Ave / N Mott St median real estate price is $643,513, which is less expensive than 70.9% of California neighborhoods and 23.2% of all U.S. neighborhoods.

The average rental price in Michigan Ave / N Mott St is currently $2,011, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 89.7% of California neighborhoods.

Michigan Ave / N Mott St is a densely urban neighborhood (based on population density) located in Los Angeles, California.

Michigan Ave / N Mott St 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 Michigan Ave / N Mott St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in Michigan Ave / N Mott St are 4.5%, which is lower than one will find in 67.5% of American neighborhoods. Demand for real estate in Michigan Ave / N Mott St 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

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

If you like crowded places, then you will probably enjoy the the Michigan Ave / N Mott St neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.8% of neighborhoods in the U.S., with 29,176 people per square mile living here. 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 Michigan Ave / N Mott St neighborhood is one of the most walkable neighborhoods in America.

In addition, renter-occupied real estate is dominant in the Michigan Ave / N Mott St neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 85.4%, which is higher than 95.5% 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.

Occupations

NeighborhoodScout's exclusive research identifies the Michigan Ave / N Mott St neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 42.3% of its working residents employed in such fields, which is a higher proportion than 95.9% of American neighborhoods.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (9.6% ride the bus) than 95.0% 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.

Diversity

Did you know that the Michigan Ave / N Mott St neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 71.7% of this neighborhood's residents have Mexican ancestry.

Michigan Ave / N Mott St is also pretty special linguistically. Significantly, 2.4% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 99.2% of the neighborhoods in America.

Migration / Stability

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 Michigan Ave / N Mott St neighborhood. What is interesting to note, is that the Michigan Ave / N Mott St neighborhood has a greater percentage of residents born in another country (44.5%) than are found in 95.7% of all U.S. neighborhoods.

The Neighbors

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 Michigan Ave / N Mott St neighborhood in Los Angeles are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 84.4% of U.S. neighborhoods. With 43.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 91.6% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Michigan Ave / N Mott St neighborhood, 42.3% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 22.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (22.2%), and 13.2% 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 Michigan Ave / N Mott St neighborhood is Spanish, spoken by 80.3% of households. Other important languages spoken here include English and Japanese.

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 Michigan Ave / N Mott St neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (71.7%). There are also a number of people of South American ancestry (6.0%), and residents who report Asian roots (3.1%). In addition, 44.5% 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 Michigan Ave / N Mott St neighborhood spend between 15 and 30 minutes commuting one-way to work (40.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (69.9%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (9.6%) and 7.5% 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.

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