Highland Park, CA Homes and Real Estate - A Look at the Numbers

In Los Angeles actual estate circles, everybody is talking approximately Highland Park. Like other Northeast LA neighborhoods like Silver Lake, Eagle Rock and Mt. Washington, Highland Park is in a country of gentrification as new stores and eating places are shooting up on York Blvd. And homes are being bought and restored. As a end result, houses in Highland Park are in demand and costs have regularly risen. But gentrification isn’t always the best motive. Highland Park is a incredible region to call domestic.

Highlan Park is an amiable ancient community placed in Northeast Los Angeles. It is a hilly neighborhood located in the San Rafael Hills alongside the Arroyo Seco. It is southwest of Eagle Rock and Northeast of Cypress Park. People from many ethnic and socioeconomic businesses call this community “home”. The weather is pristine with the highest monthly common temperature being seventy three degrees within the freshest month of July and 57 ranges inside the coldest month of December. Highland Park reports mild rain; January gets the very best quantity at 4.6 inches total. According to Walk Score, Highland Park is the most walkable neighborhood in Los Angeles with a score of seventy two. It could be very on hand and maximum errands can be finished walking. It has a few public transportation and is particularly bikeable with a transit score of forty seven and a motorcycle rating of fifty three.

According to the 2000 U.S. Census there had been 57,566 residents inside the three.Forty two square miles of neighborhood. That is an average of 16,385 people in keeping with square mile. Highland Park is one of the maximum density areas in Los Angeles. Highland Park grew to 60,835 human beings by means of 2008. The ethnicity wreck down changed into as follows: Latinos, 72.Four% Whites 11.3%, Asians 11.2%, Blacks 2.4% and others 2.6%. A larger than common 57.8% citizens had been born overseas. Fifty five.3% of them had been born in Mexico and 12% had been from El Salvador. In the male populace fifty two.2% had been married, 41.2% had in no way been married, 4.Nine% had been divorced and 1.6% had been widowed. For the ladies: 50.Four% had been married, 33.2% were in no way married, nine.3% were divorced and seven.1% were widowed. The demographic for never married was among the county’s highest. 14.3% of residents who had been 25 and above had a 4-yr diploma. This changed into common for Los Angeles. Forty five.1% of the residents were born in a foreign town. This turned into a excessive quantity for Los Angeles. Four.Nine% of people within the population had been veterans; this turned into a low quantity for Los Angeles. The average age of residents became 28, that’s visible as young compared to the opposite regions of Los Angeles.

The average household profits in 2008 was $forty five,478, that is a mean variety for Los Angeles. The average family size changed into 3.Three humans, that’s 25% higher than the country wide average. Renters occupied60.9% of housing devices, that’s a hundred and five% better than the countrywide average. Owners completed the alternative 39.1%, that is 58% lower than the country wide average.

Zillow states that Highland Park’s home cost index is $662,800, which is up 13.1% because final year and with a projected growth of four.Three% anticipated over next year. The marketplace temperature may be very hot and ideal for sellers. The average rate consistent with rectangular foot is $582, that is better than the Los Angeles common of $448. The average fee of houses is $652,500, which is 123% higher than the country wide average. The common lease according to month is $2,six hundred, being 22% better than the national common. The modern-day Market Health is 5.Three/10, that’s relative to different markets across the country. Highland Park will continue to grow and increase.