Panorama City West median real estate price is $706,525, which is more expensive than 35.8% of the neighborhoods in California and 80.0% of the neighborhoods in the U.S.
The average rental price in Panorama City West is currently $2,519, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 76.7% of California neighborhoods.
Panorama City West is a densely urban neighborhood (based on population density) located in Los Angeles, California.
Panorama City West 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 Panorama City West neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Panorama City West, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Panorama City West is very tight compared to the demand for property here.
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 Panorama City West neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
91.0% of the real estate in the Panorama City West neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America. With a real estate vacancy rate of only 0.0%, the Panorama City West neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
In addition, the Panorama City West neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 48,104 persons per square mile in the neighborhood, it is more packed with people than 98.4% of the nation's neighborhoods.
Furthermore, one of the really unique and interesting things about the look and setting of the Panorama City West neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 87.7% 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 97.8% of all neighborhoods in America.
Also of note, the Panorama City West 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 86.3% 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.
Single parenting is hard. But you don't have to tell the Panorama City West neighborhood about it; they already know. 20.6% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 97.4% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.
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 Panorama City West neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 4.2% of the workforce so employed, this neighborhood has a greater concentration of such workers than 96.2% of U.S. neighborhoods.
Furthermore, there are more people living in the Panorama City West neighborhood employed as sales and service workers (62.3%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.
Did you know that the Panorama City West neighborhood has more Mexican and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 66.9% of this neighborhood's residents have Mexican ancestry and 0.5% have Armenian ancestry.
Panorama City West is also pretty special linguistically. Significantly, 79.7% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.7% 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 Panorama City West neighborhood. What is interesting to note, is that the Panorama City West neighborhood has a greater percentage of residents born in another country (48.8%) than are found in 97.1% 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 Panorama City West 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 93.3% of U.S. neighborhoods. With 46.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 92.8% 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 Panorama City West neighborhood, 37.7% 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 manufacturing and laborer occupations, with 35.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (13.1%), and 9.3% 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 Panorama City West neighborhood is Spanish, spoken by 79.7% of households. Other important languages spoken here include English and Tagalog (the first language of the Philippine region).
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 Panorama City West neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (66.9%). There are also a number of people of Asian ancestry (7.6%), and residents who report Puerto Rican roots (1.7%). In addition, 48.8% 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 Panorama City West neighborhood spend between 30 and 45 minutes commuting one-way to work (30.8% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (61.3%) 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 (21.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
