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Real Estate Prices & Overview

Happy Valley median real estate price is $970,309, which is more expensive than 64.0% of the neighborhoods in California and 91.3% of the neighborhoods in the U.S.

The average rental price in Happy Valley is currently $2,382, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 75.4% of California neighborhoods.

Happy Valley is an urban neighborhood (based on population density) located in Los Angeles, California.

Happy Valley 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 occupied by a mixture of owners and renters. Many of the residences in the Happy Valley 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.

Real estate vacancies in Happy Valley are 4.4%, which is lower than one will find in 70.9% of American neighborhoods. Demand for real estate in Happy Valley 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 Happy Valley neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Happy Valley neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 10.8% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 96.2% of all neighborhoods in America.

Real Estate

If you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 54.6% of the residential real estate in the Happy Valley neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 95.1% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Diversity

Did you know that the Happy Valley neighborhood has more British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.2% of this neighborhood's residents have British ancestry.

Happy Valley is also pretty special linguistically. Significantly, 3.4% of its residents five years old and above primarily speak Vietnamese at home. While this may seem like a small percentage, it is higher than 97.0% of the neighborhoods in America.

The Neighbors

There are two complementary 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 Happy Valley 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 68.1% of the neighborhoods in America. With 21.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 71.4% 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 Happy Valley neighborhood, 32.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 28.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.9%), and 18.4% in clerical, assistant, and tech support occupations.

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 Happy Valley neighborhood is Spanish, spoken by 52.6% of households. Other important languages spoken here include English, Chinese and Vietnamese.

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 Happy Valley neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (42.3%). There are also a number of people of Asian ancestry (12.2%), and residents who report British roots (3.2%), and some of the residents are also of English ancestry (2.5%), along with some Scottish ancestry residents (2.0%), among others. In addition, 35.6% 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 Happy Valley neighborhood spend between 30 and 45 minutes commuting one-way to work (33.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods. However, there is also a significant group of residents (10.8%) who commute over an hour in each direction.

Here most residents (63.1%) 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 (16.9%) and 6.7% 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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