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Real Estate Prices & Overview

Coronado Fwy / Tramway Blvd SE median real estate price is $194,521, which is less expensive than 70.3% of New Mexico neighborhoods and 79.6% of all U.S. neighborhoods.

The average rental price in Coronado Fwy / Tramway Blvd SE is currently $1,430, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 56.1% of New Mexico neighborhoods.

Coronado Fwy / Tramway Blvd SE is an urban neighborhood (based on population density) located in Albuquerque, New Mexico.

Coronado Fwy / Tramway Blvd SE real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Coronado Fwy / Tramway Blvd SE neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In Coronado Fwy / Tramway Blvd SE, the current vacancy rate is 2.5%, which is a lower rate of vacancies than 83.3% of all neighborhoods in the U.S. This means that the housing supply in Coronado Fwy / Tramway Blvd SE is very tight compared to the demand for property here.

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 Coronado Fwy / Tramway Blvd SE neighborhood stands out for having an average per capita income lower than 97.1% of the neighborhoods in the United States. The Coronado Fwy / Tramway Blvd SE neighborhood also has a greater percentage of children living in poverty (66.8%) than found in 98.1% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

In addition, the types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 51.5%. This is a higher percent living alone than we found in 96.4% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.

Also, neighborhoodScout's analysis shows that the Coronado Fwy / Tramway Blvd SE neighborhood has a greater concentration of residents currently enrolled in college than 95.9% of the neighborhoods in the U.S. With 12.0% of the population here attending college, this is very much a college-focused neighborhood.

Finally, one of the really interesting characteristics about the Coronado Fwy / Tramway Blvd SE neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 4.6% of college-friendly places to live in the state of New Mexico.

Diversity

Did you know that the Coronado Fwy / Tramway Blvd SE neighborhood has more Russian and Native American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.7% of this neighborhood's residents have Russian ancestry and 4.8% have Native American ancestry.

Coronado Fwy / Tramway Blvd SE is also pretty special linguistically. Significantly, 7.9% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 98.7% 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 Coronado Fwy / Tramway Blvd SE 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 97.1% of U.S. neighborhoods. With 66.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.1% of U.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 Coronado Fwy / Tramway Blvd SE neighborhood, 49.3% of the working population is employed in clerical, assistant, and tech support 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 26.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (20.8%), and 3.9% 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 Coronado Fwy / Tramway Blvd SE neighborhood is English, spoken by 59.1% of households. Other important languages spoken here include Spanish and French.

Ethnicity / Ancestry

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 Coronado Fwy / Tramway Blvd SE neighborhood in Albuquerque, NM, residents most commonly identify their ethnicity or ancestry as Mexican (40.5%). There are also a number of people of German ancestry (16.3%), and residents who report English roots (9.8%), and some of the residents are also of Russian ancestry (7.7%), along with some Sub-Saharan African ancestry residents (7.5%), among others. In addition, 22.6% 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 Coronado Fwy / Tramway Blvd SE neighborhood spend between 15 and 30 minutes commuting one-way to work (48.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (79.9%) 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 (11.5%) . 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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