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Real Estate Prices & Overview

Van Nuys East median real estate price is $1,031,775, which is more expensive than 62.6% of the neighborhoods in California and 91.0% of the neighborhoods in the U.S.

The average rental price in Van Nuys East is currently $2,905, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 60.7% of California neighborhoods.

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

Van Nuys East 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 occupied by a mixture of owners and renters. Many of the residences in the Van Nuys East neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Van Nuys East are 3.7%, which is lower than one will find in 75.4% of American neighborhoods. Demand for real estate in Van Nuys East 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.

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

Modes of Transportation

If you like to ride a ferry to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 2.7% of the Van Nuys East neighborhood's commuters ride a ferry to and from work each day, which is more than we found in 99.6% of America's neighborhoods.

People

With more than 1.6% of residents living with a same sex partner, Van Nuys East is truly a neighborhood that stands out from the rest in this regard. In fact, exclusive analysis by NeighborhoodScout reveals that this neighborhood has a greater concentration of same sex couples than 95.1% of U.S. neighborhoods.

Diversity

Did you know that the Van Nuys East neighborhood has more Armenian and Portuguese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.5% of this neighborhood's residents have Armenian ancestry and 3.1% have Portuguese ancestry.

Van Nuys East is also pretty special linguistically. Significantly, 3.4% of its residents five years old and above primarily speak Russian 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 Van Nuys East neighborhood in Los Angeles are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 42.8% of the neighborhoods in America. With 14.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 59.9% 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 Van Nuys East neighborhood, 45.3% 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 25.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.3%), and 14.2% 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 Van Nuys East neighborhood is English, spoken by 38.9% of households. Other important languages spoken here include Spanish and Russian.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Van Nuys East neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (17.6%). There are also a number of people of Irish ancestry (8.9%), and residents who report Armenian roots (6.5%), and some of the residents are also of Italian ancestry (4.4%), along with some Asian ancestry residents (4.2%), among others. In addition, 38.8% 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 Van Nuys East neighborhood spend between 45 minutes and one hour commuting one-way to work (30.7% of working residents), longer and tougher than most commutes in America.

Here most residents (66.8%) 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 (6.8%) . 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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