Sherman Way / Fallbrook Ave median real estate price is $1,012,230, which is more expensive than 74.3% of the neighborhoods in California and 94.2% of the neighborhoods in the U.S.
The average rental price in Sherman Way / Fallbrook Ave is currently $5,501, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 94.6% of the neighborhoods in California.
Sherman Way / Fallbrook Ave is an urban neighborhood (based on population density) located in Los Angeles, California.
Sherman Way / Fallbrook Ave real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Sherman Way / Fallbrook Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Home and apartment vacancy rates are 6.5% in Sherman Way / Fallbrook Ave. NeighborhoodScout analysis shows that this rate is lower than 58.6% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 Sherman Way / Fallbrook Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
In a nation where 1 out of every 4 children lives in poverty, the Sherman Way / Fallbrook Ave neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, a majority of the adults in the Sherman Way / Fallbrook Ave neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for California by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 97.1% of the neighborhoods in California.
One way that the Sherman Way / Fallbrook Ave neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 97.3% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
Did you know that the Sherman Way / Fallbrook Ave neighborhood has more Armenian and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.7% of this neighborhood's residents have Armenian ancestry and 2.7% have Iranian ancestry.
Sherman Way / Fallbrook Ave is also pretty special linguistically. Significantly, 5.7% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 99.8% of the neighborhoods in America.
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 Sherman Way / Fallbrook Ave neighborhood in Los Angeles are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 94.3% of the neighborhoods in America. 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 Sherman Way / Fallbrook Ave neighborhood, 59.7% of the working population is employed in executive, management, and professional 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 15.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (14.0%), and 10.7% in manufacturing and laborer occupations.
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 Sherman Way / Fallbrook Ave neighborhood is English, spoken by 67.8% of households. Other important languages spoken here include Spanish, Chinese, Persian and Langs. of India.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Sherman Way / Fallbrook Ave neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Asian (19.2%). There are also a number of people of Mexican ancestry (12.9%), and residents who report Italian roots (11.1%), and some of the residents are also of German ancestry (9.3%), along with some English ancestry residents (5.9%), among others. In addition, 26.4% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Sherman Way / Fallbrook Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (40.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (73.2%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.