Studio City West median real estate price is $1,841,768, which is more expensive than 88.3% of the neighborhoods in California and 97.7% of the neighborhoods in the U.S.
The average rental price in Studio City West is currently $4,246, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.8% of the neighborhoods in California.
Studio City West is a densely urban neighborhood (based on population density) located in Los Angeles, California.
Studio City West 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 occupied by a mixture of owners and renters. Many of the residences in the Studio City West neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Studio City West, the current vacancy rate is 2.7%, which is a lower rate of vacancies than 82.4% of all neighborhoods in the U.S. This means that the housing supply in Studio City West is very tight compared to the demand for property here.
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 Studio City West neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
In a nation where 1 out of every 4 children lives in poverty, the Studio City West neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
Did you know that the Studio City West neighborhood has more Russian and Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 14.6% of this neighborhood's residents have Russian ancestry and 2.8% have Canadian ancestry.
Studio City West is also pretty special linguistically. Significantly, 4.3% 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 99.7% 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 Studio City West neighborhood in Los Angeles are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 90.1% of the neighborhoods in America. 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 Studio City West neighborhood, 68.2% 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 17.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (10.9%), and 3.3% in manufacturing and laborer occupations.
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 Studio City West neighborhood is English, spoken by 73.9% of households. Other important languages spoken here include Spanish, Tagalog (the first language of the Philippine region), Russian and Chinese.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Studio City West neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Russian (14.6%). There are also a number of people of Asian ancestry (11.1%), and residents who report English roots (9.9%), and some of the residents are also of Irish ancestry (9.8%), along with some German ancestry residents (6.6%), among others. In addition, 21.2% of the residents of this neighborhood were born in another country.
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 Studio City West neighborhood spend between 15 and 30 minutes commuting one-way to work (37.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (61.4%) 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 (8.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.