Most Expensive Palos Verdes Estates Neighborhoods
Palos Verdes Estates is a somewhat small coastal city (i.e. on the ocean, a bay, or inlet) located in the state of California. With a population of 13,680 people and three constituent neighborhoods, Palos Verdes Estates is the 369th largest community in California.
Palos Verdes Estates home prices are not only among the most expensive in California, but Palos Verdes Estates real estate also consistently ranks among the most expensive in America.
Palos Verdes Estates is a decidedly white-collar city, with fully 95.85% of the workforce employed in white-collar jobs, well above the national average. Overall, Palos Verdes Estates is a city of professionals, managers and sales and office workers. There are especially a lot of people living in Palos Verdes Estates who work in management occupations (22.97%), sales jobs (17.32%) and healthcare (7.96%).
Of important note, Palos Verdes Estates is also a city of artists. Palos Verdes Estates has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Palos Verdes Estates’s character.
Also of interest is that Palos Verdes Estates has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 11.25% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Palos Verdes Estates is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.
Palos Verdes Estates is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Palos Verdes Estates’s overall crime rate is lower than average for the country.
One of the nice things about Palos Verdes Estates is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.
One downside of living in Palos Verdes Estates, however, is that residents on average have to contend with a long commute, spending on average 34.43 minutes every day commuting to work.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Palos Verdes Estates. 75.70% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Palos Verdes Estates in 2010 was $87,408, which is wealthy relative to California and the nation. This equates to an annual income of $349,632 for a family of four.
Palos Verdes Estates is a very ethnically-diverse city. The people who call Palos Verdes Estates home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Palos Verdes Estates residents report their race to be White, followed by Asian. Important ancestries of people in Palos Verdes Estates include English, German, Irish, Italian, Norwegian and Swedish.
Palos Verdes Estates also has a high percentage of its population that was born in another country: 16.44%.
The languages spoken by people in Palos Verdes Estates are also diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in Palos Verdes Estates is English. Other important languages spoken here include Spanish, Chinese and Japanese.
|PALOS VERDES ESTATES INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||4,777|
|PALOS VERDES ESTATES HOME OWNERSHIP|
|% OWNER OCCUPIED||88.30%|
|% RENTER OCCUPIED||11.70%|
|TYPE OF PALOS VERDES ESTATES HOMES|
|SINGLE FAMILY DETACHED||92.11%|
|ROWHOUSES AND ATTACHED HOMES||0.08%|
|SMALL APARTMENT BUILDINGS||0.81%|
|COMPLEXES OR HIGH RISE APARTMENTS||6.83%|
|SIZE OF PALOS VERDES ESTATES HOMES|
|5 OR MORE BEDROOMS||20.40%|
|AGE OF PALOS VERDES ESTATES HOMES|
|NEWER HOMES (2000 OR LATER)||4.29%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||27.55%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||62.34%|
|HISTORIC (1939 OR BEFORE)||5.83%|
|PALOS VERDES ESTATES REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$2,216,061|
|MEDIAN RENTAL PRICE||$2,567|
|HOME VALUE RANGE|
|$0 - $68,000||0.19%|
|$68,001 - $135,000||0.00%|
|$135,001 - $271,000||0.21%|
|$271,001 - $406,000||0.81%|
|$406,001 - $541,000||0.92%|
|$541,001 - $677,000||0.57%|
|$677,001 - $1,015,000||5.61%|
|$1,015,001 - $1,353,000||12.99%|
|PEOPLE OF PALOS VERDES ESTATES||DETAILS|
|UNDER 5 YEARS||4.53%|
|5 TO 17||20.69%|
|18 TO 24||3.74%|
|25 TO 34||5.65%|
|35 TO 54||28.18%|
|55 TO 64||13.71%|
|65 YEARS AND OVER||23.50%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||98.23%|
|MEDIAN HOUSEHOLD INCOME||$171,328|
|PER CAPITA INCOME||$87,408|
|INDIVIDUALS BELOW POVERTY LEVEL||3.50%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (17.46%)
Real estate (5.03%)
Information Technology (3.94%)
Public Service (2.38%)
|BLACK OR AFRICAN AMERICAN||1.90%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.13%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.07%|
|SOME OTHER RACE ALONE||0.86%|
|TWO OR MORE RACES||4.01%|
|HISPANIC OR LATINO (OF ANY RACE)||5.04%|
|ETHNICITIES PRESENT||English (15.75%)
|LANGUAGES SPOKEN||English (77.18%)
Get matched with a pre-screened, customer-rated real estate agent and receive up to $2,000 or more when you buy or sell.
Get the Ultimate Agent…
We screen Real Estate Professionals according to rigorous sales and service benchmarks, and we constantly survey our customers to make sure that Brokers in our elite network are meeting your highest standards. We guarantee it.†
…Plus a Cash Award
How much cash could I get?
Select an option below. You'll hear from us within 1 business hour.
Copyright © 2000-2016 Location Inc®. All the trademarks displayed on this page are the property of Location, Inc®. The NeighborhoodScout® search engine is covered under US Patents No. 7,043,501 and 7,680,859. Our nationally-comparable school ratings are covered under US Patent No. 8,376,755. Other US patent applications are currently pending.