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Real Estate Prices & Overview

S Grand Ave / W 43rd St median real estate price is $800,429, which is more expensive than 43.6% of the neighborhoods in California and 84.6% of the neighborhoods in the U.S.

The average rental price in S Grand Ave / W 43rd St is currently $2,410, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 77.2% of California neighborhoods.

S Grand Ave / W 43rd St is a densely urban neighborhood (based on population density) located in Los Angeles, California.

S Grand Ave / W 43rd St 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 S Grand Ave / W 43rd St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

In S Grand Ave / W 43rd St, the current vacancy rate is 2.5%, which is a lower rate of vacancies than 83.6% of all neighborhoods in the U.S. This means that the housing supply in S Grand Ave / W 43rd St is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 97.7% of U.S. neighborhoods.

Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.7% of residents in the S Grand Ave / W 43rd St neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 96.9% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Real Estate

If you like crowded places, then you will probably enjoy the the S Grand Ave / W 43rd St neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.3% of neighborhoods in the U.S., with 26,151 people per square mile living here. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The S Grand Ave / W 43rd St neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, 87.1% of the real estate in the S Grand Ave / W 43rd St neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Occupations

More people work in manufacturing and as laborers here in the S Grand Ave / W 43rd St neighborhood than in 96.0% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the S Grand Ave / W 43rd St neighborhood has a greater percentage of residents born in another country (47.3%) than are found in 96.9% of all U.S. neighborhoods.

Diversity

Did you know that the S Grand Ave / W 43rd St neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 60.7% of this neighborhood's residents have Mexican ancestry.

S Grand Ave / W 43rd St is also pretty special linguistically. Significantly, 89.7% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.5% 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 S Grand Ave / W 43rd St neighborhood in Los Angeles are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 86.7% of U.S. neighborhoods. With 39.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 88.8% of U.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 S Grand Ave / W 43rd St neighborhood, 42.9% 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 33.4% of the residents employed. Other residents here are employed in executive, management, and professional occupations (11.2%), and 9.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the S Grand Ave / W 43rd St neighborhood is Spanish, spoken by 89.7% of households. Some people also speak English (10.3%).

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 S Grand Ave / W 43rd St neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (60.7%). In addition, 47.3% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in S Grand Ave / W 43rd St neighborhood spend between 45 minutes and one hour commuting one-way to work (28.6% of working residents), longer and tougher than most commutes in America.

Here most residents (54.5%) 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 (18.8%) and 16.4% 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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