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Real Estate Prices & Overview

Mill Street Historic District / Downtown SLO median real estate price is $1,097,834, which is more expensive than 67.0% of the neighborhoods in California and 91.8% of the neighborhoods in the U.S.

The average rental price in Mill Street Historic District / Downtown SLO is currently $2,333, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 77.1% of California neighborhoods.

Mill Street Historic District / Downtown SLO is an urban neighborhood (based on population density) located in San Luis Obispo, California.

Mill Street Historic District / Downtown SLO 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Mill Street Historic District / Downtown SLO 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.

Home and apartment vacancy rates are 6.8% in Mill Street Historic District / Downtown SLO. NeighborhoodScout analysis shows that this rate is lower than 54.9% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

In a nation where 1 out of every 4 children lives in poverty, the Mill Street Historic District / Downtown SLO neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, neighborhoodScout's analysis shows that the Mill Street Historic District / Downtown SLO neighborhood has a greater concentration of residents currently enrolled in college than 98.7% of the neighborhoods in the U.S. With 32.5% of the population here attending college, this is very much a college-focused neighborhood.

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 Mill Street Historic District / Downtown SLO neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Mill Street Historic District / Downtown SLO neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 71.4% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 98.7% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Modes of Transportation

More people in Mill Street Historic District / Downtown SLO choose to walk to work each day (13.4%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Real Estate

Renter-occupied real estate is dominant in the Mill Street Historic District / Downtown SLO neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 85.9%, which is higher than 95.6% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

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 Mill Street Historic District / Downtown SLO neighborhood. In the Mill Street Historic District / Downtown SLO neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.1% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

Diversity

Did you know that the Mill Street Historic District / Downtown SLO neighborhood has more Portuguese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.7% of this neighborhood's residents have Portuguese ancestry.

Mill Street Historic District / Downtown SLO is also pretty special linguistically. Significantly, 1.0% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 96.1% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Mill Street Historic District / Downtown SLO neighborhood in San Luis Obispo are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 68.6% 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.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Mill Street Historic District / Downtown SLO neighborhood, 51.7% 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 32.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (8.9%), and 7.9% in government jobs, whether they are in local, state, or federal positions.

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 Mill Street Historic District / Downtown SLO neighborhood is English, spoken by 81.3% of households. Other important languages spoken here include Spanish and Chinese.

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 Mill Street Historic District / Downtown SLO neighborhood in San Luis Obispo, CA, residents most commonly identify their ethnicity or ancestry as Irish (18.9%). There are also a number of people of German ancestry (14.1%), and residents who report Mexican roots (13.7%), and some of the residents are also of English ancestry (11.1%), along with some Italian ancestry residents (8.9%), among others.

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 Mill Street Historic District / Downtown SLO neighborhood spend under 15 minutes commuting one-way to work (71.4% of working residents), one of the shortest commutes across America.

Here most residents (62.9%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (13.4%) and 5.3% of residents also carpool with coworkers, friends, or neighbors for their daily commute. 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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Schools include:
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