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Real Estate Prices & Overview

Southeast Magnolia median real estate price is $1,084,619, which is more expensive than 91.5% of the neighborhoods in Washington and 94.7% of the neighborhoods in the U.S.

The average rental price in Southeast Magnolia is currently $3,343, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.6% of the neighborhoods in Washington.

Southeast Magnolia is a suburban neighborhood (based on population density) located in Seattle, Washington. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Southeast Magnolia real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 Southeast Magnolia neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 6.8% in Southeast Magnolia. NeighborhoodScout analysis shows that this rate is lower than 56.8% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The Southeast Magnolia neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Southeast Magnolia is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

Occupations

Executives, managers and professionals make up 75.6% of the workforce in the Southeast Magnolia neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 98.1% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

People

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 Southeast Magnolia neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 97.9% 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 Southeast Magnolia neighborhood.

In addition, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 76.3% of the adults living in the Southeast Magnolia neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 96.7% of U.S. neighborhoods. In this way, this neighborhood truly stands out.

Also, 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 Southeast Magnolia neighborhood is wealthier than 96.3% 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.

Modes of Transportation

Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Southeast Magnolia neighborhood is a fantastic option for bicycle commuters, as 3.6% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 96.6% of the neighborhoods in America.

Diversity

Did you know that the Southeast Magnolia neighborhood has more Danish and Norwegian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.4% of this neighborhood's residents have Danish ancestry and 6.9% have Norwegian ancestry.

Southeast Magnolia is also pretty special linguistically. Significantly, 5.8% 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 95.8% of the neighborhoods in America.

The Neighbors

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 Southeast Magnolia 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 96.3% of the neighborhoods in America. In addition, 2.7% 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 72.8% of America'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 Southeast Magnolia neighborhood, 75.6% 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 12.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (7.1%), and 4.1% 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 Southeast Magnolia neighborhood is English, spoken by 86.4% of households. Other important languages spoken here include Chinese and Langs. of India.

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 Southeast Magnolia neighborhood in Seattle, WA, residents most commonly identify their ethnicity or ancestry as Irish (20.0%). There are also a number of people of German ancestry (19.9%), and residents who report English roots (15.1%), and some of the residents are also of Asian ancestry (10.9%), along with some Norwegian ancestry residents (6.9%), among others. In addition, 11.7% 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 Southeast Magnolia neighborhood spend between 15 and 30 minutes commuting one-way to work (49.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (52.9%) 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 (12.8%) and 9.1% of residents also ride the bus 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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