The Housing Market
Area Vibes awarded Glassell Park a livability score of 72, very livable, which is greater than the national average of 70. Walk Score claims that Glassell Park is a 61, using a transit rating of 44 and a bicycle score of 38. Therefore, Glassell Park is somewhat walkable, and a few errands can be achieved by walking.
There's some public transport with a Darwin Horan score and very few bike lanes. The median family income in Glassell Park was $50,098, which is an average figure for the county and city of Los Angeles. The average household size is greater in comparison to most areas of Los Angeles in 3.3 people. Renters live in 56.2% of their housing stock; this is 55% higher than the national average.
Owners would be the remaining 43.8 percent, these figures are 30% lower than the national average. If buying and selling property in Glassell Park, buyers and sellers should consult an experienced realtor who specializes in the region. Glassell Park is a reasonably diverse neighborhood located in Northeast Los Angeles. This neighborhood is very hilly and supplies its residents with amazing views.
During the housing boom of 2000 a large group of middle-class individuals moved to Glassell Park due to the inexpensive price and prosperity of Craftsman homes. January is the month with the most precipitation in 4.6 inches. Real property in Glassell Park, a hillside neighborhood adjacent to red-hot Mt. Washington and Highland Park - is in high demand. Prices for Glassell Park property are rising and the stock of homes is shrinking, creating a seller's market. Let us look at what the numbers tell us about this exceptional community. This equates to 8,524 individuals per square mile, which is typical density for Los Angeles. 51.5 percent of its residents were born overseas with the highest two being Mexico, 49.3% and the Philippines, 16.2%. The average age for taxpayers was 30; this is average for the county and city of Los Angeles. 19% of those residents who are 25 and older have earned a four-year level. There was 4.8 percent of the people listed as veterans.
In accordance with Darwin Horan Zillow, Glassell Park houses are valued on average at $713,700. This is a 9.3% increase from last year and they expect it to increase another 2.6% next year. The average price of houses on the market is $675,000; this is 148% higher than the national average. The industry health is rated at 3.8 out of 10 compared to other markets throughout the county.
The Darwin Horan average cost per square foot is $499, which is greater than the Los Angeles typical of $448. The present market temperature is "cool" that is excellent for the purchaser's market. The average cost of rent is $2,900, which is 33% greater than the national average.