Ashton Ave / Holmby Ave median real estate price is $2,311,271, which is more expensive than 92.5% of the neighborhoods in California and 98.6% of the neighborhoods in the U.S.
The average rental price in Ashton Ave / Holmby Ave is currently $4,574, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.0% of the neighborhoods in California.
Ashton Ave / Holmby Ave is a densely urban neighborhood (based on population density) located in Los Angeles, California.
Ashton Ave / Holmby Ave 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 small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Ashton Ave / Holmby Ave neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Ashton Ave / Holmby Ave has a 15.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 79.8% 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.
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.
Of note is NeighborhoodScout's research finding that the Ashton Ave / Holmby Ave 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 Ashton Ave / Holmby Ave community truly stands out from the rest in this regard.
In addition, if you are planning to retire in California, this neighborhood should be on your must-see list. For many reasons, Ashton Ave / Holmby Ave may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in California, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 95.9% of neighborhoods in CA. If a California retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for urban sophisticates.
The Ashton Ave / Holmby Ave neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 99.3% of the neighborhoods in America. In fact, 81.2% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.
One of the really unique and interesting things about the look and setting of the Ashton Ave / Holmby Ave neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 76.7% 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 96.2% of all neighborhoods in America.
Did you know that the Ashton Ave / Holmby Ave neighborhood has more Iranian and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 41.0% of this neighborhood's residents have Iranian ancestry and 14.1% have Armenian ancestry.
Ashton Ave / Holmby Ave is also pretty special linguistically. Significantly, 20.9% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 100.0% of the neighborhoods in America.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the Ashton Ave / Holmby Ave neighborhood has a greater percentage of residents born in another country (46.0%) than are found in 96.5% of all U.S. neighborhoods.
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 Ashton Ave / Holmby Ave neighborhood in Los Angeles are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 73.6% 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 Ashton Ave / Holmby Ave neighborhood, 81.2% 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 8.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (8.7%).
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 Ashton Ave / Holmby Ave neighborhood is English, spoken by 38.0% of households. Other important languages spoken here include Persian and Spanish.
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 Ashton Ave / Holmby Ave neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Irania (41.0%). There are also a number of people of Armenian ancestry (14.1%), and residents who report Irish roots (6.7%), and some of the residents are also of Russian ancestry (4.1%), along with some Polish ancestry residents (3.7%), among others. In addition, 46.0% of the residents of this neighborhood were born in another country.
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 Ashton Ave / Holmby Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (36.8% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (63.2%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (7.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.