Madrona median real estate price is $1,295,598, which is more expensive than 77.3% of the neighborhoods in California and 95.1% of the neighborhoods in the U.S.
The average rental price in Madrona is currently $3,471, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 40.7% of California neighborhoods.
Madrona is a suburban neighborhood (based on population density) located in Torrance, California.
Madrona real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Madrona neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Madrona, the current vacancy rate is 1.0%, which is a lower rate of vacancies than 90.3% of all neighborhoods in the U.S. This means that the housing supply in Madrona 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 Torrance, the Madrona neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Did you know that the Madrona neighborhood has more Iranian and Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.0% of this neighborhood's residents have Iranian ancestry and 37.1% have Asian ancestry.
Madrona is also pretty special linguistically. Significantly, 5.4% 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 99.8% of the neighborhoods in America.
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. More residents of the Madrona neighborhood live here today that also were living in this same neighborhood five years ago than is found in 96.2% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.
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 Madrona neighborhood in Torrance are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 90.5% of the neighborhoods in America. In addition, 2.2% 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 73.7% of America'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 Madrona neighborhood, 60.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 16.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (14.9%), and 8.6% in manufacturing and laborer occupations.
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 Madrona neighborhood is English, spoken by 64.2% of households. Other important languages spoken here include Spanish, Japanese, Korean and Chinese.
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 Madrona neighborhood in Torrance, CA, residents most commonly identify their ethnicity or ancestry as Asian (37.1%). There are also a number of people of Irish ancestry (6.6%), and residents who report Mexican roots (6.2%), and some of the residents are also of English ancestry (6.2%), along with some German ancestry residents (6.1%), among others. In addition, 25.7% 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 Madrona neighborhood spend between 15 and 30 minutes commuting one-way to work (32.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (68.8%) 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 (7.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.