From the very early days of Los Angeles, people wanted to live in the legendary neighborhoods of NELA. In a densely populated area, where residents are always in the process of coming and going, there are always homes for sale in Echo Park at any given time. Since the beginning of the 1920s, real estate has been in demand here, and this is how it is today. What for? Let's take a closer look and see what the numbers say.
This is an eclectic city located in Central Los Angeles, about ten minutes from downtown. In the center of the city is the abandoned Echo Park Lake in Elysian Park, which is the venue for special events such as the Lotus Festival. It is located northwest of Chinatown and the city center, northeast of Westlake and southeast of Silver Lake.
It is divided into four districts.
• Angelino Heights - this area is known for its beautiful Victorian houses, which have been preserved in accordance with city ordinances.
• Elysian Heights - this area is historically known for being home to famous counterculture artists, filmmakers, architects, and political radicals.
• Historic City of the Philippines - This section is located in the southwestern part.
• Victor Heights is a beautiful area scattered with bungalows and plaster houses that share spectacular views of Los Angeles and the Civic Center.
In four districts, the most common types of houses are bungalows, cottages, Victorians, and plasters. According to the 2000 US census, there were 40,455 people. Spreading over 2.4 square miles, there were about 16,868 per square mile. This makes Echo Park one of the highest density plazas in Los Angeles County. The median family income was $ 37,708, which is low for Los Angeles County. The average household size was 3.0, which is the average for the county.
This city has a high rating of 83/100 walking. This means that most orders can be completed on foot within the city. The transit tariff for this city is 62. This city has a good transit and provides its residents with many public transport options. These include Metro Red and Metro Purple Line, numerous bus routes and travel sharing options from Relay Rides. This city received a bike rating of 49 due to steep hills and minimal bike lanes.
According to Zillow, the average cost of a house in Echo Park is $ 795,100. This value increased by 14.4% compared with last year, and, according to Zillow, it will continue to grow by 4.3% to 829,000 US dollars over the next year. The average price of homes that are currently listed is $ 742,450. The average price per square foot is $ 618, which is higher than in Los Angeles, with an average of $ 451. The average rental price is $ 2,967 per month. Zillow provided Market Health with a rating of 8.2 / 10, which is great compared to other markets across the country. This is based on a number of indicators, including how quickly homes are sold compared to the previous rate. Echo Park - a great place and an exciting culture, will undoubtedly keep the housing market for many years.
