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Real Estate Prices & Overview

Michigan Ave / N Mott St median real estate price is $724,066, which is more expensive than 34.5% of the neighborhoods in California and 80.5% of the neighborhoods in the U.S.

The average rental price in Michigan Ave / N Mott St is currently $2,310, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 82.7% of California neighborhoods.

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

Michigan Ave / N Mott 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 Michigan Ave / N Mott St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Home and apartment vacancy rates are 6.6% in Michigan Ave / N Mott St. NeighborhoodScout analysis shows that this rate is lower than 54.8% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Michigan Ave / N Mott St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

If you like crowded places, then you will probably enjoy the the Michigan Ave / N Mott St neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.8% of neighborhoods in the U.S., with 29,176 people per square mile living here. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Michigan Ave / N Mott St neighborhood is one of the most walkable neighborhoods in America.

Diversity

Did you know that the Michigan Ave / N Mott St neighborhood has more Mexican and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 72.1% of this neighborhood's residents have Mexican ancestry and 6.0% have South American ancestry.

Michigan Ave / N Mott St is also pretty special linguistically. Significantly, 2.2% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 99.1% of the neighborhoods in America.

The Neighbors

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 Michigan Ave / N Mott St 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 86.4% 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 90.3% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Michigan Ave / N Mott St neighborhood, 39.2% 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 26.3% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.7%), and 14.8% 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 Michigan Ave / N Mott St neighborhood is Spanish, spoken by 81.0% of households. Other important languages spoken here include English and Japanese.

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 Michigan Ave / N Mott St neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (72.1%). There are also a number of people of South American ancestry (6.0%), and residents who report Asian roots (3.1%), and some of the residents are also of French ancestry (1.1%). In addition, 40.0% 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 Michigan Ave / N Mott St neighborhood spend between 15 and 30 minutes commuting one-way to work (31.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (69.4%) 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 (9.6%) and 8.5% 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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