Perhaps no other neighborhood in the country has been subject to the level of attention received like Highland Park. According to a study in 2013 by online real estate company RedFin, Highland Park was rated the year’s “Hottest Up-and-Coming Neighborhood” due to the area’s rising real estate value.
According to online real estate company Zillow, the area code 90042 experienced a steep 14% increase in median home value between January 2015 and January 2016 from $523k to $595k. Looking back just 5 years, median home values went from $358k in January 2011 to $595k in January 2016 - a 66% increase!
The population has experienced a dramatic change as well. The 2000 U.S Census revealed that Highland Park had a median household income of $36,370 with an average income of $46,314. In 2012, the American Community Survey revealed that the median household increased to $51,437 with an average income of $65,812.
Highland Park is a neighborhood in transition with an increasing number of new residents moving into the area and a number of independent galleries, artisan shops, cafes, and restaurants starting to set up shop as their new home. The neighborhood is a happy mix between the old and the new as you see new shops and prior immigrant small businesses coexist in harmony. In addition, Occidental College, one of the nation’s premier liberal arts colleges, is also located in the area. With an eclectic mix of craftsman style homes from the late 1800s and early 1900s along with a collection of independent retail and cafes along N. Figueroa St. and York Blvd, Highland Park possesses a unique charm that is poised for continued growth.