your property values may have increased by more than 25% in the past 2 years.
We can help establish your current home values quickly and accurately.
Downey is a city
Morgage located in southeast Los Angeles County, California, United States, 21 km (13 miles)
southeast of downtown Los Angeles. As of the 2000 census, the city had a total population of 107,323.
Downey was incorporated in 1956, and instituted a charter form of government in 1964. Suburban homes
and factories replaced the farms after World War II. The largest employer was originally Vultee Aircraft,
then North American Aviation, then Rockwell Aerospace (later bought by the Boeing company) whose
facilities produced some of the systems for the Apollo Project as well as the space shuttle. The seventy
year history of airplane and space vehicle manufacturing in Downey came to an end when the Rockwell plant
closed in 1999. The former morgage terms
Rockwell plant has been converted to the Downey Landing shopping complex, a
hospital, a park, a space museum and Downey Studios
The 1953 McDonald's restaurant at 10207 Lakewood Blvd. (at Florence Ave.) was the fourth McDonald's built
and is the oldest surviving McDonald's. It was listed on the National Trust for Historic Preservation's
1994 list of the 11 Most Endangered Historic Places. It was one of the first restaurants franchised by
Dick and Mac McDonald, prior to the involvement of Ray Kroc in the company, and it still has the original
"Golden arches" and a 60-foot animated neon "Speedee" sign.
The city can be conveniently reached by any of four freeways: Interstate 105 with its Metro rail line passes
through the southern part of the city, Interstate 5 and Interstate 605 pass along the eastern side, and
Interstate 710 passes just west of the city.
As of the censusGR2 of 2000, there were 107,323 people, 33,989 households, and 26,001 families residing in
the city. The population density was 3,336.4/km² (8,641.7/mi²). There were 34,759 housing units at an average
density of 1,080.6/km² (2,798.8/mi²). The racial makeup of the city was 53.48% White, 3.75% Black or African
American, 0.87% Native American, 7.74% Asian, 0.22% Pacific Islander, 29.05% from other races, and 4.89% from
two or more races. 57.85% of the population were Hispanic or Latino of any race.
The
Los Angeles Home Values median income for a household in the city was $45,667, and the median income for a family was $50,017.
Males had a median income of $35,991 versus $28,768 for females. The per capita income for the city was
$18,197. About 9.3% of families and 11.1% of the population were below the poverty line, including 14.4% of
those under age 18 and 7.6% of those age 65 or over.
Since the late 1990s Downey has had a significant demographic shift, with the ethnic makeup of the city remaining
diverse, as well as an increasing Latino population. Home Values
Wealthy Latino immigrants have also gained a comfortable presence in Northeast Downey, the city's most affluent neighborhood.
