W 50th St / S Hoover St median real estate price is $862,032, which is more expensive than 48.4% of the neighborhoods in California and 86.2% of the neighborhoods in the U.S.
The average rental price in W 50th St / S Hoover St is currently $2,355, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 81.4% of California neighborhoods.
W 50th St / S Hoover St is a densely urban neighborhood (based on population density) located in Los Angeles, California.
W 50th St / S Hoover 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 W 50th St / S Hoover St 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 W 50th St / S Hoover St are 4.3%, which is lower than one will find in 70.1% of American neighborhoods. Demand for real estate in W 50th St / S Hoover St 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 W 50th St / S Hoover St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
More people ride the bus in this neighborhood each day to get to work than 97.6% of U.S. neighborhoods.
If you like crowded places, then you will probably enjoy the the W 50th St / S Hoover St neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.6% of neighborhoods in the U.S., with 22,735 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 W 50th St / S Hoover St neighborhood is among the top 5% of American neighborhoods in terms of walkability.
NeighborhoodScout's exclusive research revealed that 94.2% of the adult residents in the W 50th St / S Hoover St neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 96.7% of the neighborhoods in America.
NeighborhoodScout's exclusive research identifies the W 50th St / S Hoover St neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 43.2% of its working residents employed in such fields, which is a higher proportion than 96.3% of American neighborhoods.
Significantly, 79.0% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.6% of all U.S. neighborhoods.
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the W 50th St / S Hoover St neighborhood. What is interesting to note, is that the W 50th St / S Hoover St neighborhood has a greater percentage of residents born in another country (48.6%) than are found in 97.1% of all U.S. neighborhoods.
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 W 50th St / S Hoover St 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 74.3% of U.S. neighborhoods. With 28.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 80.0% 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 W 50th St / S Hoover St neighborhood, 43.2% 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 27.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.8%), and 11.6% in executive, management, and professional occupations.
The most common language spoken in the W 50th St / S Hoover St neighborhood is Spanish, spoken by 79.0% of households. Some people also speak English (19.9%).
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 W 50th St / S Hoover St neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (33.7%). There are also a number of people of Jamaican ancestry (1.8%), and residents who report South American roots (1.6%), and some of the residents are also of Italian ancestry (1.4%). In addition, 48.6% 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 W 50th St / S Hoover St neighborhood spend between 45 minutes and one hour commuting one-way to work (33.3% of working residents), longer and tougher than most commutes in America.
Here most residents (65.6%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (15.4%) and 12.6% 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.