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Real Estate Prices & Overview

E Vernon Ave / S San Pedro St median real estate price is $635,076, which is less expensive than 67.4% of California neighborhoods and 20.9% of all U.S. neighborhoods.

The average rental price in E Vernon Ave / S San Pedro St is currently $2,333, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 77.1% of California neighborhoods.

E Vernon Ave / S San Pedro St is a densely urban neighborhood (based on population density) located in Los Angeles, California.

E Vernon Ave / S San Pedro St 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 E Vernon Ave / S San Pedro St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in E Vernon Ave / S San Pedro St are 5.5%, which is lower than one will find in 63.3% of American neighborhoods. Demand for real estate in E Vernon Ave / S San Pedro St 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 E Vernon Ave / S San Pedro St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

The E Vernon Ave / S San Pedro St neighborhood is unique for having just 3.8% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 98.0% of America's neighborhoods.

In addition, of note, 64.4% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

Modes of Transportation

Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the E Vernon Ave / S San Pedro St neighborhood is a fantastic option for bicycle commuters, as 4.3% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 97.6% of the neighborhoods in America.

Also, more people ride the bus in this neighborhood each day to get to work than 95.6% of U.S. neighborhoods.

Real Estate

The E Vernon Ave / S San Pedro St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 31,018 persons per square mile in the neighborhood, it is more packed with people than 97.1% of the nation's neighborhoods. 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 E Vernon Ave / S San Pedro St neighborhood is one of the most walkable neighborhoods in America.

Occupations

More people work in manufacturing and as laborers here in the E Vernon Ave / S San Pedro St neighborhood than in 95.0% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Diversity

Significantly, 75.6% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.1% 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 E Vernon Ave / S San Pedro St 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 87.1% of U.S. neighborhoods. With 64.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.7% 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 E Vernon Ave / S San Pedro St neighborhood, 41.7% 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 33.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.6%), and 9.6% in executive, management, and professional occupations.

Languages

The most common language spoken in the E Vernon Ave / S San Pedro St neighborhood is Spanish, spoken by 75.6% of households. Some people also speak English (16.9%).

Ethnicity / Ancestry

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 E Vernon Ave / S San Pedro St neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (47.4%). In addition, 39.7% of the residents of this neighborhood were born in another country.

Getting to Work

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 E Vernon Ave / S San Pedro St neighborhood spend between 30 and 45 minutes commuting one-way to work (42.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (59.2%) 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 (17.8%) and 11.3% 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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