In Los Angeles real estate circles, everyone talks about Highland Park. Like other Northeast Los Angeles neighborhoods like Silver Lake, Eagle Rock, and Mt. Washington, Highland Park is in a state of gentrification as new stores and restaurants pop up on York Blvd. and homes are being bought and restored. As a result, homes in Highland Park are in demand and prices have risen steadily. But gentrification is not the only reason. Highland Park is a wonderful area to call home.
Highlan Park is a friendly, historic neighborhood located in Northeast Los Angeles. It is a mountainous neighborhood located in the hills of San Rafael along the Arroyo Seco. It is southwest of Eagle Rock and northeast of Cypress Park. People from many ethnic and socioeconomic groups call this neighborhood “home.” The weather is pristine with the highest monthly average temperature of 73 degrees in the hottest month of July and 57 degrees in the coldest month of December. Highland Park experiences light rain; January receives the highest amount with a total of 4.6 inches. According to the Walk Score, Highland Park is the most walkable neighborhood in Los Angeles with a score of 72. It is very accessible and most errands can be completed on foot. It has some public transportation and is bikeable with a transit score of 47 and a bike score of 53.
According to the 2000 US Census, there were 57.566 residents in the 3.42 square miles of the neighborhood. That’s an average of 16,385 people per square mile. Highland Park is one of the highest density areas in Los Angeles. Highland Park grew to 60,835 people in 2008. The ethnic breakdown was as follows: Latino, 72.4% White 11.3%, Asian 11.2%, Black 2.4%, and others 2.6%. 57.8% of residents above the average were born abroad. 55.3% of them were born in Mexico and 12% in El Salvador. In the male population, 52.2% were married, 41.2% had never been married, 4.9% had been divorced and 1.6% had been widowed. For women: 50.4% were married, 33.2% never married, 9.3% divorced, and 7.1% widows. The never-married demographic was among the highest in the county. 14.3% of residents who were 25 or older had a four-year degree. This was normal for Los Angeles. 45.1% of the residents were born in a foreign city. This was a high number for Los Angeles. 4.9% of the people in the population were veterans; this was a low number for Los Angeles. The median age of the residents was 28, which is considered young compared to the other areas of Los Angeles.
Median household income in 2008 was $ 45,478, which is an average number for Los Angeles. The average household size was 3.3 people, which is 25% higher than the national average. Renters occupied 60.9% of the housing units, which is 105% higher than the national average. Owners completed the remaining 39.1%, which is 58% lower than the national average.
Zillow states that the Highland Park Home Value Index is $ 662,800, representing an increase of 13.1% from last year and with a projected increase of 4.3% expected next year. The market temperature is very high and is ideal for vendors. The median price per square foot is $ 582, which is higher than the Los Angeles average of $ 448. The median home price is $ 652,500, which is 123% higher than the national average. The median rent per month is $ 2,600, which is 22% higher than the national average. The current health of the market is 5.3 / 10, which is relative to other markets across the country. Highland Park will continue to grow and develop.
Because Highland Park is in a gentrification stage with rising home prices, home buyers and sellers are strongly encouraged to seek out an experienced Highland Park Realtor who specializes in the area.
