Real Estate Prices and Overview
Echo Lake median real estate prices are $490,770, which is more expensive than 92.7% of the neighborhoods
in Washington and 92.0% of the
neighborhoods in the U.S.
Average rental prices in Echo Lake are currently
$1,153, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 40.4% of Washington neighborhoods.
Echo Lake is a suburban neighborhood (based on population
density) located in Snohomish, Washington.
Echo Lake real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes.
Most of the residential real estate is owner occupied. Many of
the residences in the Echo Lake neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
In Echo Lake, the current vacancy rate is 4.4%,
which is a lower rate of vacancies than 80.0% of all neighborhoods
in the U.S. This means that the housing supply in Echo Lake
is very tight compared to the demand for property here.
Notable & Unique Neighborhood Characteristics
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.
Notable & Unique: Diversity
Did you know that the Echo Lake neighborhood has more
Danish and Swiss ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 7.6% of
this neighborhood's residents have Danish ancestry and 3.0% have Swiss ancestry.
Echo Lake is also pretty special linguistically. Significantly, 3.6% of its residents five years old and above primarily
speak French at home. While this may seem like a small percentage, it is higher
than 98.5% of the neighborhoods in America.
Notable & Unique: People
If you come to know the people here, you will recognize that you're
in the company of one of the wealthiest communities in the nation. In
fact, a mere 4.8% of America's neighborhoods are wealthier than the
Echo Lake neighborhood. Real estate here is exceedingly
well-maintained, and similarly, tends to maintain its value over time.
The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and
Lexus. If the public schools aren't up to snuff, the residents of this
neighborhood preferentially send their children to private preparatory
schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
As one would expect in a considerably wealthy neighborhood such as this,
Echo Lake also has one of the lowest ratings of child
poverty in the nation.
In addition, the Echo Lake neighborhood is a great option for families,
as revealed by NeighborhoodScout's research on this neighborhood. The
combination of top public schools, low crime rates, and owner-occupied
single family homes, make this neighborhood among the top
5.5% of family-friendly neighborhoods in the
state of Washington. Many other families also live here, making
it easy to socialize and develop a sense of community. In addition,
families here highly value education, as is reflected by the strength of
the local schools.
In addition to being an excellent choice for families with school-aged children, this
neighborhood is also a very good choice for highly educated executives.
Notable & Unique: 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 Echo Lake neighborhood have a highly unusual car ownership.
Residents of this neighborhood must really love automobiles. NeighborhoodScout's
Analysis reveals that 49.2% of the households here have four, five,
or more cars. That is more cars per household than in 99.0% of
the neighborhoods in the nation.
Notable & Unique: Real Estate
In addition, real estate in the Echo Lake neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 95.5% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood.
The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this neighborhood.
The neighbors in the Echo Lake neighborhood in Snohomish 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 95.2% 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 99.9%
of America's neighborhoods.
The Neighbors: Occupations
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 Echo Lake neighborhood, 44.9%
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 25.0% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(16.7%), and 13.5% in clerical, assistant, and tech support occupations.
The Neighbors: 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 Echo Lake neighborhood in Snohomish, WA, residents
most commonly identify their ethnicity or ancestry as German
(13.0%). There are also a number of people of English ancestry (11.4%) , and residents who report Danish roots (7.6%) , and some of the residents are also of Irish ancestry (7.5%) , along with some French ancestry residents (6.7%), among others.
The Neighbors: 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 Echo Lake
neighborhood is English, spoken by 90.8% of households. Other important languages spoken here include French and Spanish.
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 Echo Lake neighborhood spend
between 30 and 45 minutes commuting one-way to work (44.1% of working
residents), which is at or a bit above the average length of a commute across all U.S.
Here most residents (85.7%) 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 (8.8%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.