santa monica, CA Community Information
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Santa Monica Neighborhood Information
Sandy golden beaches, bluffs overlooking the Pacific Ocean shores, a sun-kissed beach-life ambience and first-class culture sounds too good to be true. But Santa Monica, a coastal paradise in Western Los Angeles, is all that and much more. This seaside haven only spans 8.3 square miles but packs quite a punch. Santa Monica is ideally located just eight miles from the Los Angeles International Airport and is mere minutes from the downtown L.A. buzz. Add to the fact that the city is also edged by Pacific Palisades, West Los Angeles, Brentwood, Venice and Mar Vista on all sides, and Santa Monica becomes the quintessential halfway point en route to major Southern California destinations. It’s no wonder that Nearly 90,000 people already call Santa Monica home.
Santa Monica’s stunning beaches have a magnetic pull all its own, sprawling 3.5 miles long and maximized by nearly 350 days of sunshine a year. The Santa Monica Pier and Pacific Park Amusement offers a one-stop beachfront and boardwalk jam-packed with arcades, street vendors, shops, eateries, a Ferris wheel and a 1920s carousel—all while offering panoramic vistas of the Pacific Ocean.
True to California form, Santa Monica real estate comes at a high price. Limited housing stock has sent home prices in Santa Monica skyrocketing, with the average home price at about $730,000. This potential for housing shortages has also allowed for state-wide appreciation in the double digits, according to money.cnn.com, which lists Santa Monica’s median home price at $784,000 with 10 percent appreciation in the last year. According to Coldwell Banker’s annual Home Price Comparison Index, a 2,200-square-foot house with four bedrooms, 2.5 baths, a family room and a two-car garage could set Santa Monica home-buyers back nearly $1.8 million. But for many happy residents, Santa Monica is the classic beach lover’s utopia.
Sources:
http://en.wikipedia.org/wiki/Santa_Monica
http://www.santamonica.com/
http://en.wikipedia.org/wiki/Santa_Monica_Pier
http://www.homegain.com/local_real_estate/CA/santa_monica.html
http://money.cnn.com/magazines/moneymag/bplive/2006/snapshots/PL0670000.html
http://money.cnn.com/pf/features/lists/hpci_data/index.html
Community Information for 90401*
| Population | 6,543 |
| Median Age | 39.86 |
| Median Household Income | $40,896 |
| Households with Children | 6.64% |
| Median Travel Time to Work | 22 minutes |
*Based on zipcode 90401 at the center of this area.
Real Estate Market Information
| Median Home Sale Price | $700,000 |
| Annual Turnover Rate | 21.46% |
| In current residence 5+ years | 23.86% |
| Median years in residence | 2.42 |
| Homes Owned | 9.03% |
| Homes Rented | 71.71% |
| Homes Vacant | 19.26% |
Community Age Profile
Transportation
Education Levels
Occupation
Community
Total Male Population: 3,391
Total Female Population: 3,152
Population change since 1990: 21
Population change since 2000: NA
Median age: 39.86
Percent of households with children: 6.64%
Local sales tax: 8%
Personal crime risk: 197
Recycling likelihood index: 111
Transportation
Transportation to work:
Drive/Carpool: 76%
Walk/bike/other: 13%
Work at home: 7%
Education Levels
Some high school: 5.56%
High school graduate: 17.72%
Some college: 18.38%
Associate degree: 6.20%
Bachelor's degree: 31.49%
Graduate Degree: 17.08%
Occupation
Mining: 0.00%
Contstruction: 1.13%
Manufacturing: 1.42%
Transportation and communications: 1.73%
Wholesale trade: 1.62%
Retail trade: 31.10%
Finance, insurance and real estate: 9.62%
Sevices: 38.47%
Public administration: 13.22%
Unclassified: 1.68%
Income
Income change since 1990: 54
Income change since 2000: 11
Climate
Avg. July high/low temp: 69 / 62
Annual precipitation: 13
Air pollution index: 112
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