Lakewood City Center is a densely populated urban area in Lakewood, California.
The City Center of Lakewood, CA real estate consists mostly of medium-sized (three or four bedroom) to small (studio to two 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 City Center area are older and well-established, having been constructed between 1940 and 1969. A number of houses were also constructed between 1970 and 1999.
Lakewood City Center has 4.0% real estate vacancies, which is lower than 75.7% of American communities. Demand for real estate in Lakewood City Center is higher than the national average, which may indicate some demand for price rises or new residential building in this community.
The median real estate price in Lakewood’s City Center is $825,745, which is more costly than 58.7% of California communities and 90.4% of US neighborhoods.
According to analysis, the average rental price in Lakewood City Center is presently $3,665. The average rental cost in this neighborhood is higher than in 72.6% of California neighborhoods.
Mexican (22.6%) is the most common ethnicity or ancestry identified by inhabitants in Lakewood’s City Center neighborhood. There are also citizens of Asian origin (11.7%), persons with German roots (8.4%), and some with English ancestry (6.8%), as well as those with Irish ancestry (5.6%). Furthermore, 12.1% of this neighborhood’s population were born in another nation.
People in this neighborhood speak a variety of languages. These are the languages that people prefer to speak when they are at home with their families. English is the most commonly spoken language in the Lakewood City Center area, with 72.9% of households speaking it. Spanish and Tagalog are two more prominent languages spoken here (the first language of the Philippine region).
The City Center area in Lakewood has wealthy neighbors, making it one of the 15% wealthiest neighborhoods in America. According to data, this community has a greater income than 87.6% of all neighborhoods in America. Furthermore, 4.0% of the children seventeen and under residing in this neighborhood are poor, which is a lower percentage of childhood poverty than observed in 69.3% of America’s neighborhoods.
Executive, managerial, and professional occupations employ 36.3% of the working population in the Lakewood City Center neighborhood. With 27.8% of the residents employed, sales and service jobs are the second most important occupational group in this neighborhood, ranging from major sales accounts to working in fast food restaurants. Other residents work in manufacturing and laborer jobs (19.8%), and clerical, assistant, and tech support occupations (16.1%).
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