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Real Estate Prices & Overview

Del Rey East median real estate price is $1,515,158, which is more expensive than 83.6% of the neighborhoods in California and 96.7% of the neighborhoods in the U.S.

The average rental price in Del Rey East is currently $3,915, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.3% of the neighborhoods in California.

Del Rey East is an urban neighborhood (based on population density) located in Los Angeles, California.

Del Rey East real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Del Rey East neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Del Rey East has a 11.6% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 68.1% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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 Del Rey East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

In a nation where 1 out of every 4 children lives in poverty, the Del Rey East neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

Modes of Transportation

In the Del Rey East neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 34.7% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 98.7% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.

Diversity

Did you know that the Del Rey East neighborhood has more Iranian and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.5% of this neighborhood's residents have Iranian ancestry and 2.0% have Hungarian ancestry.

Del Rey East is also pretty special linguistically. Significantly, 2.8% 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 99.5% of the neighborhoods in America.

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 Del Rey East 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 91.9% 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 Del Rey East neighborhood, 65.4% of the working population is employed in executive, management, and professional 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 20.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.1%), and 3.9% in manufacturing and laborer occupations.

Languages

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 Del Rey East neighborhood is English, spoken by 61.4% of households. Other important languages spoken here include Spanish, Chinese, Persian and German/Yiddish.

Ethnicity / Ancestry

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 Del Rey East neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Asian (13.4%). There are also a number of people of German ancestry (10.0%), and residents who report Mexican roots (8.4%), and some of the residents are also of Sub-Saharan African ancestry (7.6%), along with some Italian ancestry residents (7.4%), among others. In addition, 31.1% 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 Del Rey East neighborhood spend between 30 and 45 minutes commuting one-way to work (40.6% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (56.7%) 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 (5.5%) . 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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