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Real Estate Prices & Overview

W 78th St / S Vermont Ave median real estate price is $563,145, which is less expensive than 73.8% of California neighborhoods and 25.4% of all U.S. neighborhoods.

The average rental price in W 78th St / S Vermont Ave is currently $2,261, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 79.3% of California neighborhoods.

W 78th St / S Vermont Ave is a densely urban neighborhood (based on population density) located in Los Angeles, California.

W 78th St / S Vermont Ave 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the W 78th St / S Vermont Ave 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.

In W 78th St / S Vermont Ave, the current vacancy rate is 2.2%, which is a lower rate of vacancies than 85.1% of all neighborhoods in the U.S. This means that the housing supply in W 78th St / S Vermont Ave is very tight compared to the demand for property here.

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 W 78th St / S Vermont Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

If you like crowded places, then you will probably enjoy the the W 78th St / S Vermont Ave neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.5% of neighborhoods in the U.S., with 27,634 people per square mile living here. 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 W 78th St / S Vermont Ave neighborhood is one of the most walkable neighborhoods in America.

People

Single parenting is hard. But you don't have to tell the W 78th St / S Vermont Ave neighborhood about it; they already know. 19.3% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 96.6% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

Diversity

Did you know that the W 78th St / S Vermont Ave neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 54.0% of this neighborhood's residents have Mexican ancestry.

W 78th St / S Vermont Ave is also pretty special linguistically. Significantly, 71.9% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.7% of all U.S. neighborhoods.

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 W 78th St / S Vermont Ave 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 89.3% of U.S. neighborhoods. With 37.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 87.3% 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 W 78th St / S Vermont Ave neighborhood, 38.4% of the working population is employed in manufacturing and laborer 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 28.9% of the residents employed. Other residents here are employed in executive, management, and professional occupations (18.4%), and 14.4% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the W 78th St / S Vermont Ave neighborhood is Spanish, spoken by 71.9% of households. Some people also speak English (27.4%).

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 W 78th St / S Vermont Ave neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (54.0%). There are also a number of people of Dominican ancestry (1.1%). In addition, 37.8% 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 W 78th St / S Vermont Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (36.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (70.4%) 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 (17.7%) . 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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