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Real Estate Prices & Overview

State Rte 8 W / US Hwy 101 median real estate price is $606,788, which is more expensive than 46.5% of the neighborhoods in Washington and 71.7% of the neighborhoods in the U.S.

The average rental price in State Rte 8 W / US Hwy 101 is currently $2,900, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 67.0% of the neighborhoods in Washington.

State Rte 8 W / US Hwy 101 is a remote neighborhood (based on population density) located in Olympia, Washington. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

State Rte 8 W / US Hwy 101 real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the State Rte 8 W / US Hwy 101 neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in State Rte 8 W / US Hwy 101. The current real estate vacancy rate here is 21.1%. This is higher than the rate of vacancies in 88.2% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (11.2%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

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 State Rte 8 W / US Hwy 101 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, State Rte 8 W / US Hwy 101 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.

People

Of note is NeighborhoodScout's research finding that the State Rte 8 W / US Hwy 101 neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the State Rte 8 W / US Hwy 101 community truly stands out from the rest in this regard.

In addition, if you're planning where to retire, the State Rte 8 W / US Hwy 101 neighborhood in Olympia is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in WA, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 86.4% of the neighborhoods in Washington. If you are considering retiring to Washington, this is a good neighborhood to look at.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the State Rte 8 W / US Hwy 101 neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 25.9% of its workforce, this neighborhood has a greater concentration of government workers than 99.7% of U.S. neighborhoods.

Diversity

Did you know that the State Rte 8 W / US Hwy 101 neighborhood has more Croatian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.4% of this neighborhood's residents have Croatian ancestry.

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 State Rte 8 W / US Hwy 101 neighborhood in Olympia are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 65.0% 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 100.0% of America's neighborhoods.

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 sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the State Rte 8 W / US Hwy 101 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 government jobs, whether they are in local, state, or federal positions, with 25.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.1%), and 13.6% in clerical, assistant, and tech support 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 State Rte 8 W / US Hwy 101 neighborhood is English, spoken by 95.0% of households. Other important languages spoken here include Spanish and Polish.

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 State Rte 8 W / US Hwy 101 neighborhood in Olympia, WA, residents most commonly identify their ethnicity or ancestry as German (17.9%). There are also a number of people of Irish ancestry (14.1%), and residents who report English roots (9.7%), and some of the residents are also of Polish ancestry (4.3%), along with some Mexican ancestry residents (2.5%), among others.

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 State Rte 8 W / US Hwy 101 neighborhood spend between 15 and 30 minutes commuting one-way to work (69.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (85.3%) 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 (6.0%) . 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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