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Real Estate Prices & Overview

Silver Firs West median real estate price is $949,605, which is more expensive than 77.9% of the neighborhoods in Washington and 88.3% of the neighborhoods in the U.S.

The average rental price in Silver Firs West is currently $4,196, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 92.9% of the neighborhoods in Washington.

Silver Firs West is an urban neighborhood (based on population density) located in Bothell, Washington.

Silver Firs West real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Silver Firs West neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Silver Firs West, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Silver Firs West is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

Owner-occupied real estate dominates the Silver Firs West neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 96.2% of neighborhoods in America. With a real estate vacancy rate of only 0.0%, the Silver Firs West neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.

In addition, if you like the look and ambience of new homes and newly built neighborhoods, you will love the Silver Firs West neighborhood. A whopping 87.2% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 98.4% of the neighborhoods in the U.S. Everything here just feels new. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.

People

Of note is NeighborhoodScout's research finding that the Silver Firs West neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Silver Firs West community truly stands out from the rest in this regard.

In addition, one of the really interesting characteristics about the Silver Firs West neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 1.6% of college-friendly places to live in the state of Washington. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for highly educated executives, families with school-aged children and urban sophisticates.

Also, astoundingly, NeighborhoodScout's research reveals that this single neighborhood has a higher concentration of married couples living here than 96.0% of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the Silver Firs West neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. But if you are single, you might not find many other singles here.

Modes of Transportation

In the Silver Firs West neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 37.9% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 99.3% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.

Diversity

Did you know that the Silver Firs West neighborhood has more Asian and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 45.6% of this neighborhood's residents have Asian ancestry and 1.1% have Iranian ancestry.

Silver Firs West is also pretty special linguistically. Significantly, 3.2% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 99.8% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Silver Firs West neighborhood in Bothell are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 90.6% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Silver Firs West neighborhood, 57.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 16.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.4%), and 8.5% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Silver Firs West neighborhood is English, spoken by 58.3% of households. Other important languages spoken here include Korean, Tagalog (the first language of the Philippine region), Langs. of India and Vietnamese.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Silver Firs West neighborhood in Bothell, WA, residents most commonly identify their ethnicity or ancestry as Asian (45.6%). There are also a number of people of Irish ancestry (6.8%), and residents who report German roots (6.0%), and some of the residents are also of Mexican ancestry (5.3%), along with some English ancestry residents (4.2%), among others. In addition, 34.3% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Silver Firs West neighborhood spend between 15 and 30 minutes commuting one-way to work (32.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (44.5%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (11.9%) and 5.8% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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