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14
Oct
Neighborhoods

Your Real Estate Guide to Highland Park

Travis Bayles
I
October 14, 2018

Highland Park (photo courtesy of Flickr), located northeast of the newly energized downtown of Los Angeles and just south of Pasadena. The Highland Park neighborhood is one of the recent areas in LA that has gone through a similar renaissance in the past decade to many surrounding areas on the city’s sprawling Eastside. It is located in the San Rafael Hills along the lower Arroyo Seco and the 110 freeway, making its geography relatively varied and unique, with homes built up and down hillsides and in small canyons. Highland Park real estate has become one of the more desirable yet affordable areas for homeowners in the East LA area.

The Location

Most of the Highland Park‘s real estate developments are some of the oldest settled areas of Los Angeles. Located in the San Rafael Hills, and bordered on the North by Eagle Rock. It is boarded in the east by South Pasadena and Glassell Park to the west and Mt. Washington to the southwest.

Even the area is known by its hilly streets; these are not as steep as Mt. Washington, this makes Highland Park walkable and bikeable. The York Boulevard strip is known as the unofficial downtown of the community. New activities pushing more and more along Figueroa Street. This Highland Park neighborhood is changing rapidly as is the rest of the east side of Los Angeles. Highland Park has just as many contemporary landmarks as it does ones that pre-date the neighborhood’s distinction as one of LA’s hippest.

Photo: Flickr

By the Numbers

Even though the whole neighborhood takes up less than 3.5 square miles it has a population of over 60,000, making it one of the most densely populated neighborhoods in the entire city. Yet the median age is around 28, which is young for the city of Los Angeles, meaning most homeowners are first time buyers or younger families and more than fifty percent of residents in the neighborhood are between the ages of 19 and 49. There are also a significant number of children under the age of ten years old in Highland Park, speaking to the statistic as a neighborhood that is popular for new families As far as ethnic diversity, the majority of Highland Park is Latino, at 72 percent, Caucasian at 11.3 percent, Asian at 11.2 percent and Black at 2.4 percent.

The median income in Highland Park is about average for the city of Los Angeles at around $46,000 per year, though there are a higher than usual percentage of households that earn under $20,000 than the average Los Angeles neighborhood. This may speak to one of the reasons crime rates are higher in Highland Park than the average neighborhood in Los Angeles. Property crimes are below average on a yearly basis these days. With a rate of 141 reported incidents per ten thousand residents, violent crimes are still relatively high.. Despite the higher than average amount of violent crime though, home values in Highland Park have continued to spike.

Market Overview

In 2015, the median home value in Highland Park real estate rose 15.8 percent to over $600,000. This is coming off a low of $350,000 in the depths of the Great Recession in 2010. It means the value of homes in the area has nearly doubled over the past half-decade. This trend doesn’t seem to be changing any time soon. Next year, there will be a 4.5 percent rise in value. This is a sign that the market may be cooling slightly, but still rising steadily.

The mass of young, well-off, college-educated Angelenos with an “artistic” bent have, for the past 15 years or so, resided in the same three neighborhoods of Los Feliz, Silver Lake and Echo Park. Rising rents in those areas, however, are increasingly pushing them farther east, most noticeably to the rapidly gentrifying neighborhood of Highland Park.

Food & Shopping

Highland Park has a legacy of local Los Angeles businesses; some of them have been a staple in the Highland Park community for over 20 years. The first of such businesses is Galco’s Soda Pop Stop. In addition, another cultural landmark in Highland Park is Avenue 50 Studio. Avenue 50 Studio is a nonprofit community-based organization grounded in Latino and Chicano culture.

It is one of the most rapidly growing and evolving neighborhoods in LA. Highland Park offers an eclectic and exciting array of dining options. From decades-old taquerias to new and bustling bistros, you can find plenty of delicious options at any time of day. Here are our favorite Highland Park restaurants: Metro Balderas has been serving Mexico City-styled dishes for years. Taco la Estrella is a taco truck which serves some of the best tacos in town. Town Pizza is a great place to get delicious pizza by the slice.


Photo courtesy of Town Pizza

Located in a hilly area above downtown. It is making it feel like a smaller town within a large metropolis. It is urban, yet suburban at the same time. Highland Park also provides fine examples of early Los Angeles architecture, from sweet Craftsman bungalows to exquisite Victorian cottages. In recent years, there has been a resurgence of renovations and restorations of many of Highland Park’s homes. Home to the largest Historic Preservation Overlay Zone (HPOZ) in the city. The citizens of Highland Park take their character homes seriously. The demand for Highland Park’s real estate market is increasing through the years. This is because of its accessible shops, restaurant, its classic architecture and its suburban feel in an urban neighborhood.

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