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Real Estate Prices & Overview

Alderwood Manor South median real estate price is $868,798, which is more expensive than 78.8% of the neighborhoods in Washington and 88.8% of the neighborhoods in the U.S.

The average rental price in Alderwood Manor South is currently $2,750, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 61.2% of the neighborhoods in Washington.

Alderwood Manor South is an urban neighborhood (based on population density) located in Lynnwood, Washington.

Alderwood Manor South 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 occupied by a mixture of owners and renters. Many of the residences in the Alderwood Manor South 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 Alderwood Manor South, the current vacancy rate is 1.6%, which is a lower rate of vacancies than 89.0% of all neighborhoods in the U.S. This means that the housing supply in Alderwood Manor South 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 Lynnwood, the Alderwood Manor South neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

In the Alderwood Manor South 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.

People

With a nice mix of college students, safety from crime, and decent walkability, the Alderwood Manor South neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 85.9% of the neighborhoods in WA. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Diversity

Did you know that the Alderwood Manor South neighborhood has more Greek and Norwegian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.8% of this neighborhood's residents have Greek ancestry and 11.1% have Norwegian ancestry.

Alderwood Manor South is also pretty special linguistically. Significantly, 3.7% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 97.8% 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 Alderwood Manor South neighborhood in Lynnwood 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 86.1% of the neighborhoods in America. In addition, 2.0% 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 75.1% 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 Alderwood Manor South neighborhood, 53.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 18.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.8%), and 10.3% in manufacturing and laborer 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 Alderwood Manor South neighborhood is English, spoken by 70.4% of households. Other important languages spoken here include African languages, Spanish and Langs. of India.

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 Alderwood Manor South neighborhood in Lynnwood, WA, residents most commonly identify their ethnicity or ancestry as English (17.0%). There are also a number of people of Asian ancestry (15.1%), and residents who report German roots (13.6%), and some of the residents are also of Norwegian ancestry (11.1%), along with some Sub-Saharan African ancestry residents (8.6%), among others. In addition, 23.2% 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 Alderwood Manor South neighborhood spend between 15 and 30 minutes commuting one-way to work (35.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (60.0%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (8.3%) . 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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