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Real Estate Prices & Overview

Barelas median real estate price is $318,505, which is more expensive than 62.7% of the neighborhoods in New Mexico and 45.7% of the neighborhoods in the U.S.

The average rental price in Barelas is currently $1,280, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 67.7% of New Mexico neighborhoods.

Barelas is a suburban neighborhood (based on population density) located in Albuquerque, New Mexico.

Barelas real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Barelas neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.

Barelas has a 12.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 70.5% 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.

Notable & Unique Neighborhood Characteristics

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 Barelas neighborhood stands out for having an average per capita income lower than 95.5% of the neighborhoods in the United States.

Modes of Transportation

In the Barelas neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 10.4% of residents here. This is a higher proportion of walking commuters than we found in 95.0% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Diversity

Did you know that the Barelas neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 53.7% of this neighborhood's residents have Mexican ancestry.

Barelas is also pretty special linguistically. Significantly, 1.2% of its residents five years old and above primarily speak Native American languages at home. While this may seem like a small percentage, it is higher than 98.1% 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 Barelas neighborhood in Albuquerque are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.5% of U.S. neighborhoods. With 15.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 60.7% of U.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 Barelas neighborhood, 40.0% of the working population is employed in clerical, assistant, and tech support occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 28.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.4%), and 14.9% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Barelas neighborhood is English, spoken by 58.8% of households. Some people also speak Spanish (39.6%).

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 Barelas neighborhood in Albuquerque, NM, residents most commonly identify their ethnicity or ancestry as Mexican (53.7%). There are also a number of people of Irish ancestry (8.6%), and residents who report Spanish roots (5.0%), and some of the residents are also of English ancestry (4.4%), along with some French ancestry residents (3.4%), 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 Barelas neighborhood spend under 15 minutes commuting one-way to work (53.1% of working residents), one of the shortest commutes across America.

Here most residents (56.1%) 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 (18.0%) and 10.4% of residents also hop out the door and walk to work 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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