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Real Estate Prices & Overview

Burnet Ave / Rayen St median real estate price is $504,115, which is less expensive than 82.4% of California neighborhoods and 32.5% of all U.S. neighborhoods.

The average rental price in Burnet Ave / Rayen St is currently $3,162, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 48.8% of California neighborhoods.

Burnet Ave / Rayen St is a densely urban neighborhood (based on population density) located in Los Angeles, California.

Burnet Ave / Rayen St 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 Burnet Ave / Rayen St neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Home and apartment vacancy rates are 8.3% in Burnet Ave / Rayen St. NeighborhoodScout analysis shows that this rate is lower than 46.3% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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.

Real Estate

The Burnet Ave / Rayen St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 32,755 persons per square mile in the neighborhood, it is more packed with people than 97.3% of the nation's neighborhoods.

In addition, one of the really unique and interesting things about the look and setting of the Burnet Ave / Rayen St neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 78.0% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 96.4% of all neighborhoods in America.

Furthermore, renter-occupied real estate is dominant in the Burnet Ave / Rayen St neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 87.1%, which is higher than 96.0% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (14.3% ride the bus) than 97.0% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

People

The Burnet Ave / Rayen St neighborhood is unique for having just 5.5% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 96.8% of America's neighborhoods.

Migration / Stability

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 Burnet Ave / Rayen St neighborhood. What is interesting to note, is that the Burnet Ave / Rayen St neighborhood has a greater percentage of residents born in another country (54.3%) than are found in 98.5% of all U.S. neighborhoods.

Diversity

Did you know that the Burnet Ave / Rayen St neighborhood has more Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.6% of this neighborhood's residents have Armenian ancestry.

Burnet Ave / Rayen St is also pretty special linguistically. Significantly, 5.0% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 98.0% 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 Burnet Ave / Rayen 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 63.6% of U.S. neighborhoods. With 30.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 81.7% 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 Burnet Ave / Rayen St neighborhood, 37.1% 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 31.5% of the residents employed. Other residents here are employed in executive, management, and professional occupations (16.6%), and 14.7% in clerical, assistant, and tech support 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 Burnet Ave / Rayen St neighborhood is Spanish, spoken by 71.9% of households. Other important languages spoken here include English and Tagalog (the first language of the Philippine region).

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 Burnet Ave / Rayen St neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (50.4%). There are also a number of people of Asian ancestry (6.7%), and residents who report Irish roots (2.8%), and some of the residents are also of Sub-Saharan African ancestry (2.1%), along with some African ancestry residents (1.3%), among others. In addition, 54.3% 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 Burnet Ave / Rayen St neighborhood spend between 15 and 30 minutes commuting one-way to work (39.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (65.0%) 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 (16.7%) and 14.3% 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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