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Real Estate Prices & Overview

W 6th St / S Broadway median real estate price is $1,091,353, which is more expensive than 66.4% of the neighborhoods in California and 92.3% of the neighborhoods in the U.S.

The average rental price in W 6th St / S Broadway is currently $1,288, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 99.0% of California neighborhoods.

W 6th St / S Broadway is a densely urban neighborhood (based on population density) located in Los Angeles, California.

W 6th St / S Broadway real estate is primarily made up of small (studio to two 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 W 6th St / S Broadway 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 1970 and 1999.

W 6th St / S Broadway has a 15.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 78.2% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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 W 6th St / S Broadway neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

The W 6th St / S Broadway neighborhood stands out for having an average per capita income lower than 99.9% of the neighborhoods in the United States. In a nation where 1 out of every 4 children lives in poverty, the W 6th St / S Broadway neighborhood also stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, one of the most interesting things about the W 6th St / S Broadway neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 80.8% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 100.0% of the neighborhoods in America.

Real Estate

What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 109,330 people per square mile, it is more densely populated than 99.7% of America's neighborhoods. 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 6th St / S Broadway neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, the W 6th St / S Broadway 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 100.0% 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.

Furthermore, one of the really unique and interesting things about the look and setting of the W 6th St / S Broadway neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 97.9% 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 99.6% of all neighborhoods in America.

Also of note, renter-occupied real estate is dominant in the W 6th St / S Broadway neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 97.8%, which is higher than 98.7% 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.

Finally, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 80.5% of the residential real estate in the W 6th St / S Broadway neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 99.7% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Modes of Transportation

More people in W 6th St / S Broadway choose to walk to work each day (17.1%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Also, our research revealed that more commuters here take the bus to work (14.8% ride the bus) than 97.2% 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.

Diversity

Did you know that the W 6th St / S Broadway neighborhood has more Romanian and French Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.5% of this neighborhood's residents have Romanian ancestry and 3.6% have French Canadian ancestry.

W 6th St / S Broadway is also pretty special linguistically. Significantly, 4.7% 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 97.8% 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 W 6th St / S Broadway 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 99.9% of U.S. neighborhoods. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America'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 W 6th St / S Broadway neighborhood, 47.6% 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 26.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.8%), and 12.3% 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 W 6th St / S Broadway neighborhood is English, spoken by 54.4% of households. Other important languages spoken here include Spanish, French and Tagalog (the first language of the Philippine region).

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 6th St / S Broadway neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (30.2%). There are also a number of people of German ancestry (12.8%), and residents who report Asian roots (8.2%), and some of the residents are also of Romanian ancestry (6.5%), along with some South American ancestry residents (6.5%), among others. In addition, 27.6% 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 W 6th St / S Broadway neighborhood spend between 15 and 30 minutes commuting one-way to work (35.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (35.0%) 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 (18.1%) and 17.1% of residents also hop out the door and walk to work 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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