Real Estate Prices and Overview
Rodeo Rd / Crenshaw Blvd median real estate prices are $399,707, which is more expensive than 52.5% of the neighborhoods
in California and 87.3% of the
neighborhoods in the U.S.
Average rental prices in Rodeo Rd / Crenshaw Blvd are currently
$1,188, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 68.2% of California neighborhoods.
Rodeo Rd / Crenshaw Blvd is an urban neighborhood (based on population
density) located in Los Angeles, California.
Rodeo Rd / Crenshaw Blvd real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings.
Most of the residential real estate is owner occupied. Many of
the residences in the Rodeo Rd / Crenshaw Blvd neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Real estate vacancies in Rodeo Rd / Crenshaw Blvd are 5.6%,
which is lower than one will find in 72.5% of American
neighborhoods. Demand for real estate in Rodeo Rd / Crenshaw Blvd
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
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 Rodeo Rd / Crenshaw Blvd neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the Rodeo Rd / Crenshaw Blvd neighborhood has more
Lebanese and Iranian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.7% of
this neighborhood's residents have Lebanese ancestry and 1.0% have Iranian ancestry.
Rodeo Rd / Crenshaw Blvd is also pretty special linguistically. Significantly, 4.4% 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 99.7% of the neighborhoods in America.
Notable & Unique: Real Estate
In addition, most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Rodeo Rd / Crenshaw Blvd neighborhood, is that an incredible 84.1% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.
The Neighbors: Income
There are two complimentary 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 Rodeo Rd / Crenshaw Blvd neighborhood in Los Angeles are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 74.4% of the neighborhoods in America.
In addition, 3.4% 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 80.6%
of America's neighborhoods.
The Neighbors: Occupations
What we choose to do for a living reflects who we are. Each neighborhood has
a different mix of occupations represented, and together these tell you about
the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Rodeo Rd / Crenshaw Blvd neighborhood, 33.1%
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 28.3% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(21.4%), and 16.8% in manufacturing and laborer occupations.
The Neighbors: 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 Rodeo Rd / Crenshaw Blvd neighborhood in Los Angeles, CA, residents
most commonly identify their ethnicity or ancestry as Asian
(18.8%). There are also a number of people of Mexican ancestry (10.4%) , and residents who report Sub-Saharan African roots (5.6%) , and some of the residents are also of Russian ancestry (2.5%) , along with some Arab ancestry residents (1.7%), among others. In addition, 23.5% of the residents of this neighborhood were born in another country.
The Neighbors: 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 Rodeo Rd / Crenshaw Blvd
neighborhood is English, spoken by 67.6% of households. Other important languages spoken here include Spanish, Japanese, African languages and Korean.
Getting to Work
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 Rodeo Rd / Crenshaw Blvd neighborhood spend
between 15 and 30 minutes commuting one-way to work (41.1% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (74.5%) drive alone in a private automobile to get to work.
In addition, quite a number also ride the bus to get to work (13.5%) and 10.9% 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.