Phinney Ridge median real estate price is $1,378,794, which is more expensive than 92.6% of the neighborhoods in Washington and 95.4% of the neighborhoods in the U.S.
The average rental price in Phinney Ridge is currently $3,476, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 80.1% of the neighborhoods in Washington.
Phinney Ridge is an urban neighborhood (based on population density) located in Seattle, Washington.
Phinney Ridge 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 occupied by a mixture of owners and renters. Many of the residences in the Phinney Ridge neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Phinney Ridge has a 13.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 74.6% 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.
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 Seattle, the Phinney Ridge neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
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 Phinney Ridge neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 99.1% 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 Phinney Ridge 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 77.4% of the adults living in the Phinney Ridge neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 96.8% of U.S. neighborhoods. In this way, this neighborhood truly stands out.
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.4% of residents in the Phinney Ridge neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 96.6% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Also, in the Phinney Ridge neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 31.8% 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.
The Phinney Ridge neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 96.2% of the neighborhoods in America. In fact, 72.3% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.
If you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 58.6% of the residential real estate in the Phinney Ridge neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.3% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Did you know that the Phinney Ridge neighborhood has more Welsh and Swedish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.4% of this neighborhood's residents have Welsh ancestry and 4.4% have Swedish ancestry.
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 Phinney Ridge 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 91.8% of the neighborhoods in America. In addition, 4.8% 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 64.8% 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 Phinney Ridge neighborhood, 72.3% 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 15.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (7.1%), and 5.6% in clerical, assistant, and tech support occupations.
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 Phinney Ridge neighborhood is English, spoken by 89.2% of households. Other important languages spoken here include Chinese and French.
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 Phinney Ridge neighborhood in Seattle, WA, residents most commonly identify their ethnicity or ancestry as Irish (18.9%). There are also a number of people of German ancestry (17.5%), and residents who report English roots (15.8%), and some of the residents are also of Asian ancestry (5.5%), along with some Italian ancestry residents (4.8%), among others.
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 Phinney Ridge neighborhood spend between 15 and 30 minutes commuting one-way to work (45.0% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (42.2%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (9.3%) and 6.6% of residents also carpool with coworkers, friends, or neighbors 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.