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Real Estate Prices & Overview

Fairmount median real estate price is $1,201,774, which is more expensive than 72.3% of the neighborhoods in California and 93.9% of the neighborhoods in the U.S.

The average rental price in Fairmount is currently $3,524, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 60.7% of the neighborhoods in California.

Fairmount is an urban neighborhood (based on population density) located in El Cerrito, California.

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

Home and apartment vacancy rates are 7.6% in Fairmount. NeighborhoodScout analysis shows that this rate is lower than 50.1% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

Of note is NeighborhoodScout's research finding that the Fairmount neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Fairmount community truly stands out from the rest in this regard.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 23.2% of the Fairmount neighborhood's commuters ride the train to and from work each day, which is more than we found in 97.5% of America's neighborhoods.

Also, in the Fairmount neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 30.0% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 96.9% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.

Diversity

Did you know that the Fairmount neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 33.6% of this neighborhood's residents have Asian ancestry.

Fairmount is also pretty special linguistically. Significantly, 1.5% 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 98.5% 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 Fairmount neighborhood in El Cerrito are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 80.9% of the neighborhoods in America. 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.

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 Fairmount neighborhood, 62.1% 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 17.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (11.7%), and 8.4% 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 Fairmount neighborhood is English, spoken by 63.0% of households. Other important languages spoken here include Chinese, Spanish, African languages and Korean.

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 Fairmount neighborhood in El Cerrito, CA, residents most commonly identify their ethnicity or ancestry as Asian (33.6%). There are also a number of people of Mexican ancestry (12.2%), and residents who report German roots (7.7%), and some of the residents are also of Italian ancestry (6.8%), along with some English ancestry residents (6.6%), among others. In addition, 33.6% 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 Fairmount neighborhood spend between 15 and 30 minutes commuting one-way to work (31.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (35.7%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (23.2%) and 5.5% 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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