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Real Estate Prices & Overview

Broadway-Manchester median real estate price is $662,581, which is less expensive than 68.6% of California neighborhoods and 21.6% of all U.S. neighborhoods.

The average rental price in Broadway-Manchester is currently $2,347, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 77.6% of California neighborhoods.

Broadway-Manchester is a densely urban neighborhood (based on population density) located in Los Angeles, California.

Broadway-Manchester real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Broadway-Manchester neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.

Real estate vacancies in Broadway-Manchester are 3.2%, which is lower than one will find in 78.9% of American neighborhoods. Demand for real estate in Broadway-Manchester is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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

Whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Broadway-Manchester neighborhood has more single mother households than 97.1% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.

In addition, the Broadway-Manchester neighborhood is unique for having just 6.3% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 96.0% of America's neighborhoods.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (12.5% ride the bus) than 96.2% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Real Estate

If you like crowded places, then you will probably enjoy the the Broadway-Manchester neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.1% of neighborhoods in the U.S., with 20,735 people per square mile living here.

Diversity

Did you know that the Broadway-Manchester neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 58.0% of this neighborhood's residents have Mexican ancestry.

Broadway-Manchester is also pretty special linguistically. Significantly, 67.9% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.1% 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 Broadway-Manchester neighborhood in Los Angeles are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 74.1% of U.S. neighborhoods. With 38.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 88.4% 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 Broadway-Manchester neighborhood, 33.0% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 32.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.1%), and 14.9% in executive, management, and professional occupations.

Languages

The most common language spoken in the Broadway-Manchester neighborhood is Spanish, spoken by 67.9% of households. Some people also speak English (30.9%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Broadway-Manchester neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (58.0%). There are also a number of people of Sub-Saharan African ancestry (3.6%), and residents who report African roots (2.6%). In addition, 32.4% 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 Broadway-Manchester neighborhood spend between 15 and 30 minutes commuting one-way to work (31.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (74.1%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (12.5%) and 7.7% 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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