University Park median real estate price is $1,624,823, which is more expensive than 84.3% of the neighborhoods in California and 96.7% of the neighborhoods in the U.S.
The average rental price in University Park is currently $1,434, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 98.4% of California neighborhoods.
University Park is a densely urban neighborhood (based on population density) located in Los Angeles, California.
University Park 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the University Park 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.
Home and apartment vacancy rates are 6.7% in University Park. NeighborhoodScout analysis shows that this rate is lower than 54.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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.
More people ride the bus in this neighborhood each day to get to work than 99.2% of U.S. neighborhoods.
The University Park neighborhood stands out for having an average per capita income lower than 98.5% of the neighborhoods in the United States.
In addition, neighborhoodScout's analysis shows that the University Park neighborhood has a greater concentration of residents currently enrolled in college than 95.8% of the neighborhoods in the U.S. With 11.5% of the population here attending college, this is very much a college-focused neighborhood.
Also, the University Park neighborhood stands out within California for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 9.5% of college-friendly places to live in CA.
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the University Park neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 98.5% of all American neighborhoods.
95.5% of the real estate in the University Park neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
In addition, the University Park 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 89.1% 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, 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 University Park neighborhood is one of the most walkable neighborhoods in America.
Also of note, one of the really unique and interesting things about the look and setting of the University Park neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 72.1% 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 95.4% of all neighborhoods in America.
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 69.8% of the residential real estate in the University Park neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 98.6% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
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 University Park neighborhood. What is interesting to note, is that the University Park neighborhood has a greater percentage of residents born in another country (61.9%) than are found in 99.3% of all U.S. neighborhoods.
Significantly, 75.4% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.2% 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 University Park 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 98.5% of U.S. neighborhoods. With 35.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.2% 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 University Park neighborhood, 44.3% 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 28.5% of the residents employed. Other residents here are employed in executive, management, and professional occupations (17.5%), and 9.8% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the University Park neighborhood is Spanish, spoken by 75.4% of households. Some people also speak English (18.2%).
Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the University Park neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (49.1%). There are also a number of people of Asian ancestry (5.5%), and residents who report Sub-Saharan African roots (2.6%), and some of the residents are also of German ancestry (1.8%), along with some Irish ancestry residents (1.1%), among others. In addition, 61.9% 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 University Park neighborhood spend between 15 and 30 minutes commuting one-way to work (29.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (45.2%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (22.7%) and 12.4% 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.
