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Real Estate Prices & Overview

Central Alameda South median real estate price is $746,283, which is more expensive than 39.5% of the neighborhoods in California and 82.3% of the neighborhoods in the U.S.

The average rental price in Central Alameda South is currently $2,651, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 68.1% of California neighborhoods.

Central Alameda South is a densely urban neighborhood (based on population density) located in Los Angeles, California.

Central Alameda South real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Central Alameda South 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 1940 and 1969.

Real estate vacancies in Central Alameda South are 4.8%, which is lower than one will find in 68.1% of American neighborhoods. Demand for real estate in Central Alameda South 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

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 Los Angeles, the Central Alameda South neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (16.3% ride the bus) than 97.7% 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 Central Alameda South neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.0% of neighborhoods in the U.S., with 24,660 people per square mile living here. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Central Alameda South neighborhood is one of the most walkable neighborhoods in America.

People

The Central Alameda South neighborhood is unique for having just 5.9% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 96.4% of America's neighborhoods.

Diversity

Did you know that the Central Alameda South neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 59.2% of this neighborhood's residents have Mexican ancestry.

Central Alameda South is also pretty special linguistically. Significantly, 78.5% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.4% of all U.S. neighborhoods.

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 Central Alameda South 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 60.1% of U.S. neighborhoods. With 45.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 92.3% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Central Alameda South neighborhood, 37.6% 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 35.6% of the residents employed. Other residents here are employed in executive, management, and professional occupations (14.1%), and 10.9% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Central Alameda South neighborhood is Spanish, spoken by 78.5% of households. Some people also speak English (21.5%).

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 Central Alameda South neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (59.2%). In addition, 40.7% 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 Central Alameda South neighborhood spend between 15 and 30 minutes commuting one-way to work (33.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (56.1%) 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 (19.3%) and 16.3% of residents also ride the bus 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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