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Real Estate Prices & Overview

Capitol Avenue median real estate price is $1,072,455, which is more expensive than 63.7% of the neighborhoods in California and 91.6% of the neighborhoods in the U.S.

The average rental price in Capitol Avenue is currently $2,508, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 77.4% of California neighborhoods.

Capitol Avenue is a densely urban neighborhood (based on population density) located in Sacramento, California.

Capitol Avenue 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 Capitol Avenue neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Real estate vacancies in Capitol Avenue are 4.3%, which is lower than one will find in 70.5% of American neighborhoods. Demand for real estate in Capitol Avenue 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

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.

People

Of note is NeighborhoodScout's research finding that the Capitol Avenue neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Capitol Avenue community truly stands out from the rest in this regard.

In addition, one of the most interesting things about the Capitol Avenue neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 58.3% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 98.4% of the neighborhoods in America.

Also, neighborhoodScout's analysis shows that the Capitol Avenue neighborhood has a greater concentration of residents currently enrolled in college than 95.2% of the neighborhoods in the U.S. With 10.6% of the population here attending college, this is very much a college-focused neighborhood.

Modes of Transportation

In the Capitol Avenue 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 23.1% of residents here. This is a higher proportion of walking commuters than we found in 98.6% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 2.6% of residents in the Capitol Avenue neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 95.0% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Capitol Avenue neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 17.4% of its workforce, this neighborhood has a greater concentration of government workers than 98.3% of U.S. neighborhoods.

Real Estate

The Capitol Avenue 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 91.2% 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.

In addition, 92.5% of the real estate in the Capitol Avenue neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Diversity

Did you know that the Capitol Avenue neighborhood has more British and Greek ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.7% of this neighborhood's residents have British ancestry and 2.7% have Greek ancestry.

Capitol Avenue is also pretty special linguistically. Significantly, 1.0% 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 97.4% of the neighborhoods in America.

The Neighbors

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 Capitol Avenue neighborhood in Sacramento are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 48.2% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America'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 Capitol Avenue neighborhood, 69.0% 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 19.1% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (17.4%), and 6.5% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Capitol Avenue neighborhood is English, spoken by 77.3% of households. Some people also speak Spanish (10.4%).

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 Capitol Avenue neighborhood in Sacramento, CA, residents most commonly identify their ethnicity or ancestry as Asian (20.1%). There are also a number of people of German ancestry (12.6%), and residents who report Irish roots (10.1%), and some of the residents are also of Mexican ancestry (9.7%), along with some English ancestry residents (8.2%), among others. In addition, 11.2% of the residents of this neighborhood were born in another country.

Getting to Work

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 Capitol Avenue neighborhood spend between 15 and 30 minutes commuting one-way to work (42.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (40.8%) 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 (23.1%) . 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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