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 Palos Verdes Estates,
the Margate Sq / Addison Rd neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Real Estate
Margate Sq / Addison Rd is a neighborhood that is on the ocean, a bay, or inlet.
Many times, such places have amenities that bring locals and visitors to the
waterfront for recreational activities or to check out the scenery.
In some densely populated areas that are less financially well-off, the neighborhood
waterfront can be relatively industrial and less open to recreation.
In addition to being coastal, Margate Sq / Addison Rd 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, owner-occupied real estate dominates the Margate Sq / Addison Rd neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 98.8% of neighborhoods in America.
Furthermore, one way that the Margate Sq / Addison Rd neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 98.7% 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.
Also of note, this Margate Sq / Addison Rd neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 98.3% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 97.4% of all neighborhoods in America.
Notable & Unique: People
According to NeighborhoodScout's exclusive analysis, Margate Sq / Addison Rd
is among the best neighborhoods for families in California. In fact, this neighborhood is
more family-friendly than 99.9% of neighborhoods
in the entire state of California. Its combination of top public
schools, low crime rates, and owner-occupied single family homes gives
this area the look and feel of a "Leave It to Beaver" episode. Many other
families also live here, making it easy to socialize and develop a strong
sense of community. In addition, the high number of college-educated parents
influences the academic success of the local schools. Overall, you will
find all of the amenities a family needs to thrive in the
Margate Sq / Addison Rd neighborhood.
In addition to being an excellent choice for families with school-aged children, this
neighborhood is also a very good choice for highly educated executives, urban sophisticates and active retirees.
In addition, if you come to know the people here, you will recognize that you're
in the company of one of the wealthiest communities in the nation. In
fact, a mere 0.3% of America's neighborhoods are wealthier than the
Margate Sq / Addison Rd neighborhood. Real estate here is exceedingly
well-maintained, and similarly, tends to maintain its value over time.
The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and
Lexus. If the public schools aren't up to snuff, the residents of this
neighborhood preferentially send their children to private preparatory
schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
Also, if knowledge is power, then imagine the cumulative power of one neighborhood
where many of the adults have earned an advanced degree, such as a Masters,
law degree, medical degree, or even a Ph.D. This is certainly the case in
the Margate Sq / Addison Rd neighborhood, where 43.6% have
earned an advanced degree. Compare that to the average neighborhood in
America, where just 8.4% of adults have completed a post-graduate degree,
and you can see why this neighborhood is a stand out. In fact, this neighborhood
has a higher rate of adults with an advanced degree than 98.9%
of the neighborhoods in America.
Finally, priests and therapists would like to think they know the secrets to a
truly successful marriage, but according to NeighborhoodScout's research,
the folks of the Margate Sq / Addison Rd neighborhood may actually hold
the key. 69.0% of its residents are married, which is a higher
percentage than is found in 97.9% of the neighborhoods
Notable & Unique: Diversity
Did you know that the Margate Sq / Addison Rd neighborhood has more
Austrian and Armenian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 2.0% of
this neighborhood's residents have Austrian ancestry and 1.6% have Armenian ancestry.
Margate Sq / Addison Rd is also pretty special linguistically. Significantly, 6.5% 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 99.9% of the neighborhoods in America.
Notable & Unique: Occupations
The Margate Sq / Addison Rd neighborhood has a higher proportion of
its residents employed as executives, managers and professionals than
97.8% of the neighborhoods in American. In fact, 69.4%
of the employed people here make a living as an executive, a manager, or
other professional. With such a high concentration, this truly shapes
the character of this neighborhood, and to a large degree defines what
this neighborhood is about.
Notable & Unique: Car Ownership
We Americans love our cars. Not only are they a necessity for most Americans
due to the shape of our neighborhoods and the distances between where we
live, work, shop, and go to school, but we also fancy them. As a result,
most households in America have one, two, or three cars. But NeighborhoodScout's
exclusive analysis shows that the Margate Sq / Addison Rd neighborhood has
a highly unusual pattern of car ownership.
Residents of this neighborhood must really love automobiles. NeighborhoodScout's
Analysis reveals that 20.7% of the households here have four, five,
or more cars. That is more cars per household than in 96.9% of
the neighborhoods in the nation.
Notable & Unique: Modes of Transportation
Our research reveals that 93.4% of commuters who live in the
Margate Sq / Addison Rd neighborhood get to work each day by driving
alone in their automobiles, which is a higher proportion than
95.0% of U.S. neighborhoods.