La Mirada Southwest is a densely populated urban area in La Mirada, California.
La Mirada Southwest real estate consists mostly of medium to small (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. The majority of residential real estate is owner-occupied. Many of the homes in the La Mirada Southwest area are older and well-established, having been constructed between 1940 and 1969. A number of houses were also constructed between 1970 and 1999.
The current vacancy rate in La Mirada Southwest is 0.7%, which is lower than the vacancy rate in 93.0% of all communities in the United States. This means that home supply in La Mirada Southwest is quite limited in comparison to demand.
The typical real estate price in La Mirada Southwest is $831,155, which is more expensive than 59.3% of the communities in California and 90.5% of the neighborhoods in the United States.
According to NeighborhoodScout’s exclusive analysis, the average rental price in La Mirada Southwest is presently $2,191. Rents in this neighborhood are currently lower than in 76.4% of California neighborhoods.
Most neighborhoods include a range of home ages, from new to old, but this one stands out because of its concentration of residential real estate built in one time period: from 1940 to 1969, which are generally regarded older, well-established residences. This was a prolific period for home development in America. After World War II, GIs returned home and used the GI Bill to purchase freshly built homes on the outskirts of cities, where they raised their families. This housing era roughly corresponds to the ‘Baby Boom’ generation (1945-1964), and many baby boomers grew up in homes built during this time period. What makes the La Mirada Southwest neighborhood unique is that 90.3% of the residences were developed during this time period. As a result, as you walk its streets or drive through it, you will notice that this area has a look and feel that harkens back to that era in American history, a very important piece of Americana.
A whopping 13.8% of the La Mirada Southwest neighborhood’s population are currently enrolled in college. This is such an important element of life in this neighborhood that it changes dramatically with the change of semesters and is much quieter during the summer, when many students are away.
Did you know that the La Mirada Southwest area has more residents of Iranian heritage than almost any other neighborhood in America? That is correct! In fact, 0.8% of the people in this community are of Iranian descent.
La Mirada Southwest is also quite unique linguistically. Significantly, 2.8% of its population aged five and up speak Korean at home. While this may appear to be a small amount, it is greater than 97.2% of American communities.
Next Neighborhood: La Mirada South