Pacoima median real estate price is $643,052, which is less expensive than 70.2% of California neighborhoods and 22.6% of all U.S. neighborhoods.
The average rental price in Pacoima is currently $2,474, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 75.2% of California neighborhoods.
Pacoima is a densely urban neighborhood (based on population density) located in Los Angeles, California.
Pacoima real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Pacoima neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Pacoima, the current vacancy rate is 2.7%, which is a lower rate of vacancies than 82.2% of all neighborhoods in the U.S. This means that the housing supply in Pacoima is very tight compared to the demand for property here.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Pacoima neighborhood has a highly unusual pattern of car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 41.6% of the households here have four, five, or more cars. That is more cars per household than in 98.6% of the neighborhoods in the nation.
In the Pacoima neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 28.0% of commuters carpool here, which is more than in 98.3% of all U.S. neighborhoods.
More people work in manufacturing and as laborers here in the Pacoima neighborhood than in 97.2% 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.
Did you know that the Pacoima neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 73.8% of this neighborhood's residents have Mexican ancestry.
Pacoima is also pretty special linguistically. Significantly, 87.5% 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.
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 Pacoima neighborhood. What is interesting to note, is that the Pacoima neighborhood has a greater percentage of residents born in another country (46.1%) than are found in 96.5% of all U.S. neighborhoods.
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 Pacoima 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 40.6% of the neighborhoods in America. With 17.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 64.9% 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 Pacoima neighborhood, 45.0% 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 22.8% of the residents employed. Other residents here are employed in executive, management, and professional occupations (21.1%), and 10.7% in clerical, assistant, and tech support occupations.
The most common language spoken in the Pacoima neighborhood is Spanish, spoken by 87.5% of households. Some people also speak English (10.8%).
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 Pacoima neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (73.8%). There are also a number of people of Puerto Rican ancestry (1.9%), and residents who report Asian roots (1.7%). In addition, 46.1% 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 Pacoima neighborhood spend between 15 and 30 minutes commuting one-way to work (42.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (62.9%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (28.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.