Point Dume / Paradise Cove median real estate price is $4,327,072, which is more expensive than 99.1% of the neighborhoods in California and 99.8% of the neighborhoods in the U.S.
The average rental price in Point Dume / Paradise Cove is currently $4,438, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 83.4% of the neighborhoods in California.
Point Dume / Paradise Cove is a suburban neighborhood (based on population density) located in Malibu, California. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Point Dume / Paradise Cove real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Point Dume / Paradise Cove neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Point Dume / Paradise Cove. The current real estate vacancy rate here is 33.3%. This is higher than the rate of vacancies in 95.9% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (19.8%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.
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 Malibu, the Point Dume / Paradise Cove neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Do you like a coastal setting? If so, this neighborhood may be to your liking. The Point Dume / Paradise Cove neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Point Dume / Paradise Cove is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.
In addition, the real estate in this neighborhood consists of more mobile homes than 97.0% of all neighborhoods in America, with 36.7% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.
Furthermore, despite all of the residential real estate here in the Point Dume / Paradise Cove neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 33.3%, which is higher than 95.9% of all U.S. neighborhoods.
A unique way of commuting is simply not to. And in the Point Dume / Paradise Cove neighborhood, analysis shows that 30.1% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 97.0% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.
The Point Dume / Paradise Cove neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 92.9% of California neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state.
Did you know that the Point Dume / Paradise Cove neighborhood has more Swedish and Lithuanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.8% of this neighborhood's residents have Swedish ancestry and 3.1% have Lithuanian ancestry.
Point Dume / Paradise Cove is also pretty special linguistically. Significantly, 1.0% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 97.6% of the neighborhoods in America.
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 Point Dume / Paradise Cove neighborhood in Malibu 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 94.1% of the neighborhoods in America. With 25.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 76.0% 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 Point Dume / Paradise Cove neighborhood, 57.4% 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 20.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.3%), and 8.2% in clerical, assistant, and tech support occupations.
The most common language spoken in the Point Dume / Paradise Cove neighborhood is English, spoken by 84.0% of households. Some people also speak Spanish (6.7%).
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Point Dume / Paradise Cove neighborhood in Malibu, CA, residents most commonly identify their ethnicity or ancestry as English (19.7%). There are also a number of people of Swedish ancestry (10.8%), and residents who report Italian roots (8.9%), and some of the residents are also of German ancestry (8.2%), along with some Russian ancestry residents (5.4%), among others. In addition, 16.6% 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 Point Dume / Paradise Cove neighborhood spend under 15 minutes commuting one-way to work (34.2% of working residents), one of the shortest commutes across America.
Here most residents (66.0%) 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.