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Real Estate Prices & Overview

Historic Downtown Martinez / Downtown Martinez median real estate price is $650,804, which is more expensive than 34.0% of the neighborhoods in California and 80.2% of the neighborhoods in the U.S.

The average rental price in Historic Downtown Martinez / Downtown Martinez is currently $2,302, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.1% of California neighborhoods.

Historic Downtown Martinez / Downtown Martinez is a suburban neighborhood (based on population density) located in Martinez, California.

Historic Downtown Martinez / Downtown Martinez real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Historic Downtown Martinez / Downtown Martinez 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 1970 and 1999.

In Historic Downtown Martinez / Downtown Martinez, the current vacancy rate is 1.8%, which is a lower rate of vacancies than 88.1% of all neighborhoods in the U.S. This means that the housing supply in Historic Downtown Martinez / Downtown Martinez 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 Martinez, the Historic Downtown Martinez / Downtown Martinez neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of note is NeighborhoodScout's research finding that the Historic Downtown Martinez / Downtown Martinez neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Historic Downtown Martinez / Downtown Martinez community truly stands out from the rest in this regard.

In addition, an interesting characteristic about the Historic Downtown Martinez / Downtown Martinez neighborhood is that there are more incarcerated people living here than 99.5% of neighborhoods in the U.S. The United States has the highest rate of incarceration in the world, currently with 1 out of every 100 adults in the country are incarcerated as a punishment for crimes committed. The extremely high incarceration rate of this neighborhood could mean that a prison, juvenile detention facility or other correctional facility occupies a large proportion of the neighborhood, or contains a large portion of the neighborhood's population.

Modes of Transportation

Our research reveals that 90.6% of commuters who live in the Historic Downtown Martinez / Downtown Martinez neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 97.1% of U.S. neighborhoods.

Real Estate

The Historic Downtown Martinez / Downtown Martinez neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 84.4% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Historic Downtown Martinez / Downtown Martinez neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Historic Downtown Martinez / Downtown Martinez neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 10.5% 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 95.9% of all neighborhoods in America.

Diversity

Did you know that the Historic Downtown Martinez / Downtown Martinez neighborhood has more British and Norwegian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.6% of this neighborhood's residents have British ancestry and 6.7% have Norwegian ancestry.

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 Historic Downtown Martinez / Downtown Martinez neighborhood in Martinez are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 83.9% of U.S. neighborhoods. 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 Historic Downtown Martinez / Downtown Martinez neighborhood, 44.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 21.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (17.5%), and 16.8% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Historic Downtown Martinez / Downtown Martinez neighborhood is English, spoken by 82.7% of households. Other important languages spoken here include Spanish and Italian.

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 Historic Downtown Martinez / Downtown Martinez neighborhood in Martinez, CA, residents most commonly identify their ethnicity or ancestry as Irish (15.3%). There are also a number of people of Mexican ancestry (10.5%), and residents who report English roots (8.4%), and some of the residents are also of German ancestry (7.1%), along with some Norwegian ancestry residents (6.7%), among others.

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 Historic Downtown Martinez / Downtown Martinez neighborhood spend under 15 minutes commuting one-way to work (36.4% of working residents), one of the shortest commutes across America. However, there is also a significant group of residents (10.5%) who commute over an hour in each direction.

Here most residents (90.6%) 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.


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