Real Estate Market Update for Downey, CA

Video: Real Estate Community Tour for Downey, CA

See Real estate community tour for Downey, CA With 113,000 residents, Downey, California may be much smaller than neighboring Los Angeles, but Downey has its own claims to fame. The city's perhaps best known as the birthplace of the Apollo space program. Famous past residents including 70s pop stars Richard and Karen Carpenter, musician/comedian Weird Al Yankovic, and All-Star third baseman Evan Longoria. The third McDonald's restaurantand oldest survivingwas built in Downey in 1953and Glen Bell opened his first Taco Bell there in 1962. Today, Downey's top employer is Kaiser Permanente, with a workforce of 4500. Four major freeways passing near or through Downey make getting around easy. There's also a Metro rail line, for when you'd rather let someone else do the driving. The average household income is just over $60,000, with a median home value of $391,000. It's easy to find the right home in Downey. See the possibilities now, at century21.com.
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 39% from one year earlier, and down 6% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 650-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 13%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 510-thousand dollars. The number of units sold decreased 4% year-over-year, and held steady month-over-month. Even though sales figures were down from a year ago, the recent local market conditions were basically unchanged. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
With 113,000 residents, Downey, California may be much smaller than neighboring Los Angeles, but Downey has its own claims to fame. The city's perhaps best known as the birthplace of the Apollo space program. Famous past residents including 70s pop stars Richard and Karen Carpenter, musician/comedian Weird Al Yankovic, and All-Star third baseman Evan Longoria. The third McDonald's restaurantand oldest survivingwas built in Downey in 1953and Glen Bell opened his first Taco Bell there in 1962. Today, Downey's top employer is Kaiser Permanente, with a workforce of 4500. Four major freeways passing near or through Downey make getting around easy. There's also a Metro rail line, for when you'd rather let someone else do the driving. The average household income is just over $60,000, with a median home value of $391,000. It's easy to find the right home in Downey. See the possibilities now, at century21.com.
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Map Information for Downey, CA
Area Information for Downey, CA
  • Population: 113,529
  • Median Age: 34.65 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 3
  • Sales Tax: 9%
  • Population Density: 9,149/sq mi
  • Population Change Since 2000: 5.5%
  • Closest Airport: Long Beach /daugherty Field/
  • Closest College: Fremont College
  • Closest Jr. College: Cerritos College
  • Median Household Income: $63,565
  • Annual Residential Turnover: 11%
  • Median Home Sales Price: $456,500
  • Closest Major Sports Team: Chivas Usa
  • Change Avg. Household Income Since 2000: 36.2%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Downey, CA
Median Age: 34.65 Married: 36% Number of Households: 34,437 Households with Children: 13,640
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Downey, CA

      School Name Distance Type Grades School Rating Parent Rating
      Downey High School 0.0 mi Public 9-12 4 4
      Kirkwood Christian Schools 0.2 mi Private PRESCHOOL-5 0 0
      Children's Academy Of Success 0.4 mi Private PRESCHOOL-2 0 0
      Creative Beginnings Elementary 0.5 mi Private K-7 0 0
      Our Lady Of Perpetual Help Elementary School 0.6 mi Catholic K-8 0 0
      Around The World Children Center, Inc. 0.7 mi Private PRESCHOOL-3 0 0
      Immaculate Heart Academy 0.7 mi Catholic 1-12 0 0
      St. Mark's Elementary School 0.7 mi Private PRESCHOOL-8 0 0
      Warren High School 0.7 mi Public 9-12 4 4
      Downey Christian School 0.9 mi Private PRESCHOOL-8 0 0
      Keystone Academy 0.9 mi Private K-12 0 0
      Rio Hondo Elementary School 1.0 mi Public K-5 3 0
      Rio San Gabriel Elementary School 1.0 mi Public PRESCHOOL-5 3 0
      Doty Middle School 1.0 mi Public 6-8 3 0
      Alameda Elementary School 1.0 mi Public PRESCHOOL-3 0 0
      Montessori Children's Academy 1.1 mi Private PRESCHOOL-6 0 0
      Williams Elementary School 1.1 mi Public K-3 0 0
      Sussman Middle School 1.1 mi Public 6-8 2 0
      Gallatin Elementary School 1.3 mi Public K-5 4 0
      Griffiths Middle School 1.4 mi Public 6-8 3 3
      Gauldin Elementary School 1.4 mi Public K-5 2 0
      St. Raymond Elementary School 1.4 mi Catholic K-8 0 0
      Price Elementary School 1.4 mi Public K-5 4 0
      Old River Elementary School 1.5 mi Public 4-5 0 0
      West Middle School 1.5 mi Public 6-8 3 0
      Columbus Continuation School 1.6 mi Public 9-12 1 0
      Alternative Opportunity Programs School 1.6 mi Public K-12 1 0
      Los Angeles County Rop School 1.6 mi Public 9-12 0 0
      Los Angeles County Special Education School 1.6 mi Public K-12 0 0
      Downey Adult 1.6 mi Public UNGRADE-UNGRADE 0 0
      Maria Montessori House Of Children School 1.6 mi Private PRESCHOOL-K 0 0
      Imperial Elementary School 1.6 mi Public K-3 0 0
      Unsworth Elementary School 1.7 mi Public K-5 4 0
      Ward Elementary School 1.8 mi Public K-3 0 0
      Calvary Chapel Christian 1.8 mi Private PRESCHOOL-12 0 0
      Lewis Elementary School 1.9 mi Public K-5 3 0
      Rancho Los Amigos Children's Center 2.0 mi Private PRESCHOOL-K 0 0
      Carpenter Elementary School 2.0 mi Public 4-5 0 0
      St. Pius X - St. Matthias Academy 2.3 mi Catholic 9-12 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Downey, CA
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.