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    Seattle, WA (Greenwood Southwest)







    Real Estate Prices & Overview

    Greenwood Southwest median real estate price is $1,158,263, which is more expensive than 88.2% of the neighborhoods in Washington and 93.5% of the neighborhoods in the U.S.

    The average rental price in Greenwood Southwest is currently $2,327, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 59.0% of Washington neighborhoods.

    Greenwood Southwest is a densely urban neighborhood (based on population density) located in Seattle, Washington.

    Greenwood Southwest real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Greenwood Southwest neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

    Real estate vacancies in Greenwood Southwest are 4.2%, which is lower than one will find in 70.1% of American neighborhoods. Demand for real estate in Greenwood Southwest is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

    Notable & Unique Neighborhood Characteristics

    Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Seattle, the Greenwood Southwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

    People

    Wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the Greenwood Southwest neighborhood is wealthier than 95.8% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood. As one would expect in a considerably wealthy neighborhood such as this, Greenwood Southwest also has one of the lowest ratings of child poverty in the nation.

    In addition, if you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the Greenwood Southwest neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 98.7% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the Greenwood Southwest neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for college students.

    Modes of Transportation

    A unique way of commuting is simply not to. And in the Greenwood Southwest neighborhood, analysis shows that 43.5% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 99.0% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.

    Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.9% of residents in the Greenwood Southwest neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 97.2% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

    Real Estate

    Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Greenwood Southwest neighborhood is among the top 5% of American neighborhoods in terms of walkability.

    In addition, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Greenwood Southwest neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 64.3% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 97.7% of the neighborhoods in the United States.

    Diversity

    Did you know that the Greenwood Southwest neighborhood has more Eastern European and Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.1% of this neighborhood's residents have Eastern European ancestry and 7.6% have Scottish ancestry.

    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 Greenwood Southwest neighborhood in Seattle 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 95.8% 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 Greenwood Southwest neighborhood, 65.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 17.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.4%), and 6.7% in manufacturing and laborer occupations.

    Languages

    The most common language spoken in the Greenwood Southwest neighborhood is English, spoken by 89.8% of households. Some people also speak Spanish (5.3%).

    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 Greenwood Southwest neighborhood in Seattle, WA, residents most commonly identify their ethnicity or ancestry as English (17.4%). There are also a number of people of Irish ancestry (15.3%), and residents who report German roots (14.0%), and some of the residents are also of Scottish ancestry (7.6%), along with some Norwegian ancestry residents (5.6%), among others. In addition, 12.2% 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 Greenwood Southwest neighborhood spend between 15 and 30 minutes commuting one-way to work (38.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

    Here most residents (36.7%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (6.9%) and 6.1% of residents also hop out the door and walk to work 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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