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Real Estate Prices & Overview

Downtown Los Angeles median real estate price is $929,338, which is more expensive than 61.6% of the neighborhoods in California and 90.7% of the neighborhoods in the U.S.

The average rental price in Downtown Los Angeles is currently $932, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 99.8% of California neighborhoods.

Downtown Los Angeles is a densely urban neighborhood (based on population density) located in Los Angeles, California.

Downtown Los Angeles real estate is primarily made up of small (studio to two 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 Downtown Los Angeles 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.

Downtown Los Angeles has a 10.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 62.5% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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

One of the unique characteristics of the Downtown Los Angeles neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 99.4% of the neighborhoods in America. In a nation where 1 out of every 4 children lives in poverty, the Downtown Los Angeles neighborhood also stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, one of the most interesting things about the Downtown Los Angeles neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 64.7% 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 99.4% of the neighborhoods in America.

Real Estate

The Downtown Los Angeles 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 100.0% 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, the real estate in the Downtown Los Angeles neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 98.6% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.7% of American neighborhoods.

Furthermore, 100.0% of the real estate in the Downtown Los Angeles neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Also of note, if you like crowded places, then you will probably enjoy the the Downtown Los Angeles neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.2% of neighborhoods in the U.S., with 25,462 people per square mile living here.

Modes of Transportation

A unique way of commuting is simply not to. And in the Downtown Los Angeles neighborhood, analysis shows that 38.7% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 99.4% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.

Also, in the Downtown Los Angeles 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 17.7% of residents here. This is a higher proportion of walking commuters than we found in 97.8% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Finally, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 10.0% of the Downtown Los Angeles neighborhood's commuters ride the train to and from work each day, which is more than we found in 95.1% of America's neighborhoods.

Occupations

Executives, managers and professionals make up 70.5% of the workforce in the Downtown Los Angeles neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 95.7% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the Downtown Los Angeles neighborhood has a greater percentage of residents born in another country (59.2%) than are found in 99.1% of all U.S. neighborhoods.

Diversity

Did you know that the Downtown Los Angeles neighborhood has more Ukrainian and Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.8% of this neighborhood's residents have Ukrainian ancestry and 49.1% have Asian ancestry.

Downtown Los Angeles is also pretty special linguistically. Significantly, 28.0% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 100.0% of the neighborhoods in America.

The Neighbors

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 Downtown Los Angeles 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 99.4% of U.S. neighborhoods. 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 Downtown Los Angeles neighborhood, 70.5% 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 10.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (10.1%), and 8.7% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Downtown Los Angeles neighborhood is English, spoken by 37.5% of households. Other important languages spoken here include Korean, Chinese, Spanish and Arabic.

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 Downtown Los Angeles neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Asian (49.1%). There are also a number of people of Mexican ancestry (6.4%), and residents who report Italian roots (4.3%), and some of the residents are also of German ancestry (3.9%), along with some Ukrainian ancestry residents (3.8%), among others. In addition, 59.2% of the residents of this neighborhood were born in another country.

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 Downtown Los Angeles neighborhood spend under 15 minutes commuting one-way to work (35.0% of working residents), one of the shortest commutes across America.

Here most residents (22.2%) 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 (17.7%) and 10.0% of residents also take the train 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.


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Household Types
Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
Higher Education Attainment
Crime includes:
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Crimes Per Square Mile
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Schools include:
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