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Real Estate Prices & Overview

Leimert Park East median real estate price is $1,094,079, which is more expensive than 70.6% of the neighborhoods in California and 93.3% of the neighborhoods in the U.S.

The average rental price in Leimert Park East is currently $3,100, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 49.2% of California neighborhoods.

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

Leimert Park East 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 Leimert Park East neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

In Leimert Park East, the current vacancy rate is 1.7%, which is a lower rate of vacancies than 88.1% of all neighborhoods in the U.S. This means that the housing supply in Leimert Park East 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 Leimert Park East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (12.7% ride the bus) than 96.3% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Real Estate

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 Leimert Park East neighborhood is one of the most walkable 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 Leimert Park East neighborhood in Los Angeles are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 67.8% of U.S. neighborhoods. With 43.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 91.1% of U.S. neighborhoods.

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 Leimert Park East neighborhood, 35.9% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 28.1% of the residents employed. Other residents here are employed in executive, management, and professional occupations (20.7%), and 13.2% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Leimert Park East neighborhood is English, spoken by 53.8% of households. Some people also speak Spanish (45.1%).

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 Leimert Park East neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (31.2%). There are also a number of people of Sub-Saharan African ancestry (5.8%), and residents who report African roots (5.4%), and some of the residents are also of Puerto Rican ancestry (2.0%), along with some French ancestry residents (1.8%), among others. In addition, 31.4% 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 Leimert Park East neighborhood spend between 30 and 45 minutes commuting one-way to work (46.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (66.8%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (12.7%) and 12.3% 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.


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