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Real Estate Prices & Overview

Florence Southwest median real estate price is $684,948, which is less expensive than 61.8% of California neighborhoods and 18.3% of all U.S. neighborhoods.

The average rental price in Florence Southwest is currently $2,232, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 80.0% of California neighborhoods.

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

Florence Southwest 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 renter occupied. Many of the residences in the Florence Southwest neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in Florence Southwest are 5.9%, which is lower than one will find in 60.6% of American neighborhoods. Demand for real estate in Florence Southwest 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.

Occupations

NeighborhoodScout's exclusive research identifies the Florence Southwest neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 47.6% of its working residents employed in such fields, which is a higher proportion than 98.3% of American neighborhoods.

Modes of Transportation

In the Florence Southwest neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 23.8% of commuters carpool here, which is more than in 96.4% of all U.S. neighborhoods.

Real Estate

If you like crowded places, then you will probably enjoy the the Florence Southwest neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.5% of neighborhoods in the U.S., with 22,498 people per square mile living here. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Florence Southwest neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Florence Southwest neighborhood. More residents of the Florence Southwest neighborhood live here today that also were living in this same neighborhood five years ago than is found in 97.1% 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.

Diversity

Significantly, 59.7% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 95.7% 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 Florence Southwest 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 92.8% of U.S. neighborhoods. With 41.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 89.9% of U.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 Florence Southwest neighborhood, 47.6% 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 28.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.5%), and 7.6% in executive, management, and professional occupations.

Languages

The most common language spoken in the Florence Southwest neighborhood is Spanish, spoken by 59.7% of households. Some people also speak English (40.0%).

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 Florence Southwest neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (51.7%). There are also a number of people of Sub-Saharan African ancestry (3.5%), and residents who report African roots (3.5%), and some of the residents are also of South American ancestry (3.0%). In addition, 35.8% 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 Florence Southwest neighborhood spend between 45 minutes and one hour commuting one-way to work (31.5% of working residents), longer and tougher than most commutes in America.

Here most residents (64.9%) 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 (23.8%) and 9.0% of residents also ride the bus 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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