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Real Estate Prices & Overview

West Old Town / Old Town median real estate price is $353,058, which is more expensive than 68.3% of the neighborhoods in New Mexico and 50.6% of the neighborhoods in the U.S.

The average rental price in West Old Town / Old Town is currently $1,534, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 45.5% of New Mexico neighborhoods.

West Old Town / Old Town is a suburban neighborhood (based on population density) located in Albuquerque, New Mexico.

West Old Town / Old Town 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 occupied by a mixture of owners and renters. Many of the residences in the West Old Town / Old Town neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 8.4% in West Old Town / Old Town. NeighborhoodScout analysis shows that this rate is lower than 46.2% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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.

Real Estate

If you love row houses and attached homes, you will probably really like the West Old Town / Old Town neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 30.1% of the residential real estate here is classified as row houses and attached homes.

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 West Old Town / Old Town neighborhood in Albuquerque are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 80.3% of U.S. neighborhoods. With 20.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 69.8% 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 West Old Town / Old Town neighborhood, 43.4% 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 33.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.0%), and 7.9% in manufacturing and laborer occupations.

Languages

The most common language spoken in the West Old Town / Old Town neighborhood is English, spoken by 70.9% of households. Some people also speak Spanish (28.4%).

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 West Old Town / Old Town neighborhood in Albuquerque, NM, residents most commonly identify their ethnicity or ancestry as Mexican (43.2%). There are also a number of people of Spanish ancestry (6.7%), and residents who report German roots (5.5%), and some of the residents are also of Irish ancestry (5.2%), along with some English ancestry residents (3.0%), among others.

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 West Old Town / Old Town neighborhood spend between 15 and 30 minutes commuting one-way to work (51.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (70.8%) 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 (10.2%) . 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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