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Real Estate Prices & Overview

Chinatown median real estate price is $964,687, which is more expensive than 59.2% of the neighborhoods in California and 90.0% of the neighborhoods in the U.S.

The average rental price in Chinatown is currently $2,643, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 70.0% of California neighborhoods.

Chinatown is a densely urban neighborhood (based on population density) located in Los Angeles, California.

Chinatown 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 Chinatown neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Chinatown, the current vacancy rate is 2.1%, which is a lower rate of vacancies than 85.9% of all neighborhoods in the U.S. This means that the housing supply in Chinatown is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

97.8% of the real estate in the Chinatown neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

In addition, the real estate in the Chinatown neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 87.7% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.8% of American neighborhoods.

Furthermore, the Chinatown neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 87.1% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Also of note, if you like crowded places, then you will probably enjoy the the Chinatown neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.2% of neighborhoods in the U.S., with 21,055 people per square mile living here.

Diversity

Did you know that the Chinatown neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 58.5% of this neighborhood's residents have Asian ancestry.

Chinatown is also pretty special linguistically. Significantly, 38.0% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 99.8% of the neighborhoods in America.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the Chinatown neighborhood has a greater percentage of residents born in another country (57.7%) than are found in 98.9% of all U.S. neighborhoods.

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 Chinatown neighborhood in Los Angeles are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. With 41.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 89.9% 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 Chinatown neighborhood, 40.0% 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 35.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.2%), and 9.6% 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 Chinatown neighborhood is Chinese, spoken by 38.0% of households. Other important languages spoken here include English, Spanish, Korean and Tagalog (the first language of the Philippine region).

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 Chinatown neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Asian (58.5%). There are also a number of people of Mexican ancestry (7.7%), and residents who report Sub-Saharan African roots (2.6%), and some of the residents are also of Polish ancestry (1.6%), along with some German ancestry residents (1.6%), among others. In addition, 57.7% of the residents of this neighborhood were born in another country.

Getting to Work

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 Chinatown neighborhood spend between 15 and 30 minutes commuting one-way to work (42.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (56.8%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (9.7%) and 9.2% 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.


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