Why Little Italy is the Best Place to Live In
Choosing a city to live in can be the single most intimidating decision you need to make in your life.
Whether you are living independently for the first time or relocating to a new home, location will be an important consideration since this affects your lifestyle, activities, and daily routine. Likewise, location is extremely valuable in real estate because it can hugely influence the present and future property value.
If you are still hunting for the best neighborhood, now is a great time to look into Little Italy in downtown San Diego. This is a booming area that has seen a significant increase in building construction through the years and is expected to have more upcoming projects. Check out the top reasons why Little Italy is one of the best places to live in, and you might just be convinced!
Top Reasons to Live in Little Italy
Not too familiar with Little Italy? If so, here are some of the major draws that attract people to live in the neighborhood:
Arts and Culture Scene
No doubt, one of the most attractive things about Little Italy is its arts and culture scene. The neighborhood features countless art pieces and statues that reflect its rich culture and history.
Little Italy is also the host of ArtWalk, one of San Diego’s most well-known art celebrations. The festival started back in 1984 and is celebrated annually to bring together locals, tourists, and art enthusiasts from all over the world to immerse them in the beautiful artwork scene.
As the longest-running festival in Southern California, ArtWalk aims to make original art accessible to everyone. During this time, the neighborhood comes to life with live music, dancing, and food galore, so residents are sure to enjoy joining in the festivities.
Delicious Food and Drinks
The cuisine is another major reason why people love living in Little Italy. The place is known as one of the most exciting and versatile places to eat in San Diego because it offers several local delicacies that you can enjoy. Weekend markets are also popular in the area, so you can expect to see food stands lining up the streets to give you a taste of their cuisine.
Of course, Little Italy also makes sure to celebrate its delicious food with its annual culinary event known as the Taste of Little Italy. The festival occurs every June and allows guests to have a taste of everything through many restaurants that they can sample with their Taste Passport.
Walking Distance to Different Places
Whether you need to visit the grocery store, stop by the bank, or have lunch in a restaurant, you can easily walk to these areas in the neighborhood. Little Italy is perfect for those who love to walk around or have no transportation to move around. Almost everything is just a walking distance away, making them accessible for most people.
As a plus, San Diego’s weather is generally mild and moderate throughout the year, so you can expect a cool breeze when walking outside. Given this, Little Italy is also perfect for those who love the outdoors!
Little Italy Housing Market
If the reasons above have you interested in Little Italy, you might be wondering about the cost of living. Generally, you can expect to pay a mortgage or rent of over $3,500 per month, but of course, the prices will still vary based on the size and type of the property and the exact location.
Based on market trends and performance, the average rent per property type are as follows:
● Studio Apartment – $2,095
● One-Bedroom Apartment – $2,595
● Two-Bedroom Apartment – $3,995
In terms of property values, the median cost for a home in Little Italy is about $580,000. However, around 75% of the households in the neighborhood are renter-occupied, while only 25% are owner-occupied.