Sherman Oaks Northwest median real estate price is $1,229,548, which is more expensive than 73.0% of the neighborhoods in California and 94.1% of the neighborhoods in the U.S.
The average rental price in Sherman Oaks Northwest is currently $3,365, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.3% of California neighborhoods.
Sherman Oaks Northwest is a densely urban neighborhood (based on population density) located in Los Angeles, California.
Sherman Oaks Northwest 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 Sherman Oaks Northwest neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Sherman Oaks Northwest are 4.5%, which is lower than one will find in 69.8% of American neighborhoods. Demand for real estate in Sherman Oaks Northwest 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.
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 Sherman Oaks Northwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
A unique way of commuting is simply not to. And in the Sherman Oaks Northwest neighborhood, analysis shows that 29.2% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 96.4% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.
Did you know that the Sherman Oaks Northwest neighborhood has more Iranian and Danish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 18.7% of this neighborhood's residents have Iranian ancestry and 2.1% have Danish ancestry.
Sherman Oaks Northwest is also pretty special linguistically. Significantly, 7.3% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 99.9% of the neighborhoods in America.
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 Sherman Oaks Northwest neighborhood in Los Angeles are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 73.3% of the neighborhoods in America. In addition, 3.2% 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 70.8% of America'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 Sherman Oaks Northwest neighborhood, 58.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 20.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (18.5%).
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 Sherman Oaks Northwest neighborhood is English, spoken by 60.4% of households. Other important languages spoken here include Spanish, Persian and Russian.
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 Sherman Oaks Northwest neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (23.0%). There are also a number of people of Irania ancestry (18.7%), and residents who report Italian roots (10.5%), and some of the residents are also of German ancestry (7.2%), along with some Sub-Saharan African ancestry residents (6.1%), among others. In addition, 21.1% of the residents of this neighborhood were born in another country.
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 Sherman Oaks Northwest neighborhood spend between 15 and 30 minutes commuting one-way to work (32.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (64.7%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.