LIVING IN LOS ALAMITOS
Los Alamitos is a somewhat small city located in the state of California. With a population of 11,529 people and four constituent neighborhoods, Los Alamitos is the 393rd largest community in California.
Housing costs in Los Alamitos are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in California.
Los Alamitos is a decidedly white-collar city, with fully 87.56% of the workforce employed in white-collar jobs, well above the national average. Overall, Los Alamitos is a city of professionals, sales and office workers, and service providers. There are especially a lot of people living in Los Alamitos who work in sales jobs (13.64%), management occupations (10.77%), and teaching (10.32%).
Of important note, Los Alamitos is also a city of artists. Los Alamitos has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Los Alamitos’s character.
Also of interest is that Los Alamitos has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Los Alamitos telecommute to their jobs. Overall, about 7.32% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
The education level of Los Alamitos ranks among the highest in the nation. Of the 25-and-older adult population in Los Alamitos, 46.30% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.
The per capita income in Los Alamitos in 2010 was $38,163, which is upper middle income relative to California, and wealthy relative to the rest of the US. This equates to an annual income of $152,652 for a family of four. However, Los Alamitos contains both very wealthy and poor people as well.
Los Alamitos is an extremely ethnically-diverse city. The people who call Los Alamitos home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Los Alamitos residents report their race to be White, followed by Asian. Los Alamitos also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 26.01% of the city’s residents. Important ancestries of people in Los Alamitos include German, English, Irish, Italian, and European.
Foreign born people are also an important part of Los Alamitos's cultural character, accounting for 16.55% of the city’s population.
The most common language spoken in Los Alamitos is English. Other important languages spoken here include Spanish and Korean.
LOS ALAMITOS HOUSING MARKET INFORMATION
With 11,529 people, 4,184 houses or apartments, and a median cost of homes of $699,750, real estate costs in Los Alamitos are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in Los Alamitos, accounting for 44.36% of the city's housing units. Other types of housing that are prevalent in Los Alamitos include large apartment complexes or high rise apartments ( 23.23%), duplexes, homes converted to apartments or other small apartment buildings ( 18.91%), and a few row houses and other attached homes ( 9.78%).
The most prevalent building size and type in Los Alamitos are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 40.36% owning and 59.64% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Los Alamitos's housing was primarily built during this period, from the '40s through the '60s. A full 51.94% of the city's housing hails from this era. Other housing ages represented in Los Alamitos include homes built between 1970-1999 ( 40.80%) and housing constructed between 2000 and later ( 6.80%).
LOS ALAMITOS HOME APPRECIATION RATES
Appreciation rates for homes in Los Alamitos have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 38.09%, which ranks in the top 40% nationwide. This equates to an annual average Los Alamitos house appreciation rate of 3.28%.
Over the last year, Los Alamitos appreciation rates have trailed the rest of the nation. In the last twelve months, Los Alamitos's appreciation rate has been 2.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Los Alamitos were at 1.28%, which equates to an annual appreciation rate of 5.23%.
Relative to California, our data show that Los Alamitos's latest annual appreciation rate is lower than 70% of the other cities and towns in California.
Reasons To Invest
- Increasing Rental Demand
- Increasing Appreciation Rates
- Population Growth
- Growing Job Market
- Ethnically-Diverse City
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