NE 47th St / 11th Ave NE median real estate price is $1,512,613, which is more expensive than 95.8% of the neighborhoods in Washington and 96.7% of the neighborhoods in the U.S.
The average rental price in NE 47th St / 11th Ave NE is currently $3,509, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 79.9% of the neighborhoods in Washington.
NE 47th St / 11th Ave NE is a densely urban neighborhood (based on population density) located in Seattle, Washington.
NE 47th St / 11th Ave NE real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the NE 47th St / 11th Ave NE neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
NE 47th St / 11th Ave NE has a 14.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 75.4% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
People
NeighborhoodScout's analysis shows that the NE 47th St / 11th Ave NE neighborhood has a greater concentration of residents currently enrolled in college than 99.2% of the neighborhoods in the U.S. With 49.2% of the population here attending college, this is very much a college-focused neighborhood.
In addition, the NE 47th St / 11th Ave NE neighborhood has a greater percentage of children living in poverty (70.4%) than found in 98.5% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.
Also, one of the really interesting characteristics about the NE 47th St / 11th Ave NE 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 2.2% of college-friendly places to live in the state of Washington.
Modes of Transportation
More people ride the bus in this neighborhood each day to get to work than 99.1% of U.S. neighborhoods.
Also, in the NE 47th St / 11th Ave NE neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 27.6% of residents here. This is a higher proportion of walking commuters than we found in 98.9% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Finally, in the NE 47th St / 11th Ave NE neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 28.4% 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 95.9% 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.
Real Estate
One of the really unique and interesting things about the look and setting of the NE 47th St / 11th Ave NE neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 92.9% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 98.6% of all neighborhoods in America.
In addition, 94.9% of the real estate in the NE 47th St / 11th Ave NE neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Furthermore, the NE 47th St / 11th Ave NE neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 40,486 persons per square mile in the neighborhood, it is more packed with people than 98.0% of the nation's neighborhoods.
Also of note, the NE 47th St / 11th Ave NE neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 88.6% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Car Ownership
Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the NE 47th St / 11th Ave NE neighborhood have a highly unusual car ownership. 38.8% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.0% of U.S. neighborhoods.
Diversity
Did you know that the NE 47th St / 11th Ave NE neighborhood has more Finnish and Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.4% of this neighborhood's residents have Finnish ancestry and 50.2% have Asian ancestry.
NE 47th St / 11th Ave NE is also pretty special linguistically. Significantly, 24.7% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 99.5% of the neighborhoods in America.
Migration / Stability
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the NE 47th St / 11th Ave NE neighborhood. In the NE 47th St / 11th Ave NE neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.0% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas. What is also interesting to note, is that the NE 47th St / 11th Ave NE neighborhood has a greater percentage of residents born in another country (45.1%) than are found in 96.1% of all U.S. neighborhoods.
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 NE 47th St / 11th Ave NE neighborhood in Seattle are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 86.7% of U.S. neighborhoods. With 70.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.5% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the NE 47th St / 11th Ave NE neighborhood, 65.8% 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 18.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.8%), and 5.1% in government jobs, whether they are in local, state, or federal positions.
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 NE 47th St / 11th Ave NE neighborhood is English, spoken by 54.8% of households. Other important languages spoken here include Chinese, Langs. of India, Korean and Vietnamese.
Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the NE 47th St / 11th Ave NE neighborhood in Seattle, WA, residents most commonly identify their ethnicity or ancestry as Asian (50.2%). There are also a number of people of Finnish ancestry (9.4%), and residents who report German roots (5.7%), and some of the residents are also of Mexican ancestry (4.1%), along with some British ancestry residents (3.6%), among others. In addition, 45.1% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in NE 47th St / 11th Ave NE neighborhood spend between 15 and 30 minutes commuting one-way to work (39.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (27.6%) hop out the door and walk to work to get to work. In addition, quite a number also ride the bus to get to work (23.4%) and 15.7% of residents also drive alone in a private automobile for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.
