Old Sacramento median real estate price is $750,688, which is more expensive than 44.1% of the neighborhoods in California and 84.8% of the neighborhoods in the U.S.
The average rental price in Old Sacramento is currently $511, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 100.0% of California neighborhoods.
Old Sacramento is a densely urban neighborhood (based on population density) located in Sacramento, California.
Old Sacramento real estate is primarily made up of small (studio to two bedroom) to large (four, five or more bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Old Sacramento neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Old Sacramento has a 12.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 70.2% 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.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
People
The Old Sacramento neighborhood stands out for having an average per capita income lower than 99.8% of the neighborhoods in the United States. In a nation where 1 out of every 4 children lives in poverty, the Old Sacramento neighborhood also stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, an interesting characteristic about the Old Sacramento neighborhood is that there are more incarcerated people living here than 99.7% of neighborhoods in the U.S. The United States has the highest rate of incarceration in the world, currently with 1 out of every 100 adults in the country are incarcerated as a punishment for crimes committed. The extremely high incarceration rate of this neighborhood could mean that a prison, juvenile detention facility or other correctional facility occupies a large proportion of the neighborhood, or contains a large portion of the neighborhood's population.
Also, neighborhoodScout's analysis shows that the Old Sacramento neighborhood has a greater concentration of residents currently enrolled in college than 96.3% of the neighborhoods in the U.S. With 13.0% of the population here attending college, this is very much a college-focused neighborhood.
Occupations
The Old Sacramento neighborhood has a greater proportion of government workers living in it than 99.6% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.
Real Estate
The real estate in the Old Sacramento neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 97.5% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.5% of American neighborhoods.
In addition, the Old Sacramento neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 94.7% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Furthermore, renter-occupied real estate is dominant in the Old Sacramento neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 98.3%, which is higher than 98.8% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Modes of Transportation
More people in Old Sacramento choose to walk to work each day (21.2%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Car Ownership
Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Old Sacramento neighborhood have a highly unusual car ownership. 27.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.9% of U.S. neighborhoods.
Migration / Stability
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Old Sacramento neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 95.7% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Diversity
Did you know that the Old Sacramento neighborhood has more African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.9% of this neighborhood's residents have African ancestry.
Old Sacramento is also pretty special linguistically. Significantly, 11.0% 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 98.1% of the neighborhoods in America.
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 Old Sacramento neighborhood in Sacramento are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.8% of U.S. neighborhoods. 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 Old Sacramento neighborhood, 44.3% 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 27.0% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (24.6%), and 14.8% 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 Old Sacramento neighborhood is English, spoken by 68.2% of households. Other important languages spoken here include Spanish and Chinese.
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 Old Sacramento neighborhood in Sacramento, CA, residents most commonly identify their ethnicity or ancestry as Asian (16.7%). There are also a number of people of Mexican ancestry (11.0%), and residents who report Sub-Saharan African roots (5.9%), and some of the residents are also of African ancestry (5.9%), along with some German ancestry residents (5.2%), among others. In addition, 18.9% of the residents of this neighborhood were born in another country.
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 Old Sacramento neighborhood spend between 30 and 45 minutes commuting one-way to work (53.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (38.5%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (21.2%) and 9.6% 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.
