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Real Estate Prices & Overview

W 50th St / S Hoover St median real estate price is $862,032, which is more expensive than 48.4% of the neighborhoods in California and 86.2% of the neighborhoods in the U.S.

The average rental price in W 50th St / S Hoover St is currently $2,355, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 81.4% of California neighborhoods.

W 50th St / S Hoover St is a densely urban neighborhood (based on population density) located in Los Angeles, California.

W 50th St / S Hoover St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the W 50th St / S Hoover St neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Real estate vacancies in W 50th St / S Hoover St are 4.3%, which is lower than one will find in 70.1% of American neighborhoods. Demand for real estate in W 50th St / S Hoover St 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

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.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 97.6% of U.S. neighborhoods.

Real Estate

If you like crowded places, then you will probably enjoy the the W 50th St / S Hoover St neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.6% of neighborhoods in the U.S., with 22,735 people per square mile living here. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The W 50th St / S Hoover St neighborhood is among the top 5% of American neighborhoods in terms of walkability.

People

NeighborhoodScout's exclusive research revealed that 94.2% of the adult residents in the W 50th St / S Hoover St neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 96.7% of the neighborhoods in America.

Occupations

NeighborhoodScout's exclusive research identifies the W 50th St / S Hoover St neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 43.2% of its working residents employed in such fields, which is a higher proportion than 96.3% of American neighborhoods.

Diversity

Significantly, 79.0% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.6% of all U.S. neighborhoods.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. What is interesting to note, is that the W 50th St / S Hoover St neighborhood has a greater percentage of residents born in another country (48.6%) than are found in 97.1% 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 W 50th St / S Hoover 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 74.3% of U.S. neighborhoods. With 28.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 80.0% 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 W 50th St / S Hoover St neighborhood, 43.2% 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 27.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.8%), and 11.6% in executive, management, and professional occupations.

Languages

The most common language spoken in the W 50th St / S Hoover St neighborhood is Spanish, spoken by 79.0% of households. Some people also speak English (19.9%).

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 W 50th St / S Hoover St neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (33.7%). There are also a number of people of Jamaican ancestry (1.8%), and residents who report South American roots (1.6%), and some of the residents are also of Italian ancestry (1.4%). In addition, 48.6% 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 W 50th St / S Hoover St neighborhood spend between 45 minutes and one hour commuting one-way to work (33.3% of working residents), longer and tougher than most commutes in America.

Here most residents (65.6%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (15.4%) and 12.6% 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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