Real Estate Prices and Overview
Echo Lake median real estate prices are $490,770, which is more expensive than 92.6% of the neighborhoods
in Washington and 92.1% 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 40.3% 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
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 Snohomish,
the Echo Lake neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
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
American households most often have a car, and regularly they have two or
three. But households in the Echo Lake neighborhood buck
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
A neighborhood is far different if it is dominated by enlisted military personnel
rather than people who earn their living by farming. It is also different if
most of the neighbors are clerical support or managers. What is wonderful is
the shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
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
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves,
Los Angeles' Persian neighborhoods. Each has its own culture derived primarily
from the ancestries and culture of the residents who call these neighborhoods
home. Likewise, each neighborhood in America has its own culture – some more
unique than others – based on lifestyle, occupations, the types of households
– and importantly – on the ethnicities and ancestries of the people who live
in the neighborhood. Understanding where people came from, who their grandparents
or great-grandparents were, can help you understand how a neighborhood is today.
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
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 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.