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Real Estate Prices & Overview

Paramount Northwest median real estate price is $451,239, which is less expensive than 82.0% of California neighborhoods and 49.4% of all U.S. neighborhoods.

The average rental price in Paramount Northwest is currently $2,334, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.0% of California neighborhoods.

Paramount Northwest is an urban neighborhood (based on population density) located in Paramount, California.

Paramount Northwest real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and mobile homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Paramount Northwest neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Paramount Northwest, the current vacancy rate is 0.5%, which is a lower rate of vacancies than 92.9% of all neighborhoods in the U.S. This means that the housing supply in Paramount Northwest 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 Paramount, the Paramount Northwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Diversity

Did you know that the Paramount Northwest neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 70.8% of this neighborhood's residents have Mexican ancestry.

Paramount Northwest is also pretty special linguistically. Significantly, 81.7% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.8% of all U.S. neighborhoods.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Paramount Northwest neighborhood. What is interesting to note, is that the Paramount Northwest neighborhood has a greater percentage of residents born in another country (42.5%) than are found in 95.1% of all U.S. neighborhoods.

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 Paramount Northwest neighborhood in Paramount are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 60.5% of U.S. neighborhoods. With 18.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 66.1% 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 Paramount Northwest neighborhood, 40.6% 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 26.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (21.2%), and 11.7% in executive, management, and professional occupations.

Languages

The most common language spoken in the Paramount Northwest neighborhood is Spanish, spoken by 81.7% of households. Some people also speak English (16.6%).

Ethnicity / Ancestry

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 Paramount Northwest neighborhood in Paramount, CA, residents most commonly identify their ethnicity or ancestry as Mexican (70.8%). There are also a number of people of South American ancestry (2.5%), and residents who report Asian roots (1.8%). In addition, 42.5% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Paramount Northwest 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 (69.7%) 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 (21.3%) . 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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