Campus / University of New Mexico median real estate price is $561,038, which is more expensive than 90.9% of the neighborhoods in New Mexico and 71.7% of the neighborhoods in the U.S.
The average rental price in Campus / University of New Mexico is currently $1,257, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 75.3% of New Mexico neighborhoods.
Campus / University of New Mexico is a suburban neighborhood (based on population density) located in Albuquerque, New Mexico.
Campus / University of New Mexico 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Campus / University of New Mexico 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 Campus / University of New Mexico. The current real estate vacancy rate here is 17.0%. This is higher than the rate of vacancies in 82.1% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
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.
People
NeighborhoodScout's analysis shows that the Campus / University of New Mexico neighborhood has a greater concentration of residents currently enrolled in college than 99.5% of the neighborhoods in the U.S. With 67.7% of the population here attending college, this is very much a college-focused neighborhood.
In addition, the Campus / University of New Mexico neighborhood stands out for having an average per capita income lower than 97.8% of the neighborhoods in the United States.
Also, the Campus / University of New Mexico neighborhood stands out within New Mexico for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 9.6% of college-friendly places to live in NM.
Modes of Transportation
More people in Campus / University of New Mexico choose to walk to work each day (33.0%) 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.
Real Estate
Renter-occupied real estate is dominant in the Campus / University of New Mexico neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 97.4%, which is higher than 98.6% 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.
In addition, the Campus / University of New Mexico 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 92.8% 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, one of the really unique and interesting things about the look and setting of the Campus / University of New Mexico neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 78.1% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 96.4% of all neighborhoods in America.
Occupations
There are more people living in the Campus / University of New Mexico neighborhood employed as sales and service workers (55.5%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.
Length of Commute
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Campus / University of New Mexico neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 60.6% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 96.3% of U.S. neighborhoods. Less time commuting means more time for other things in life.
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 Campus / University of New Mexico neighborhood have a highly unusual car ownership. 22.7% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.9% 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 Campus / University of New Mexico neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.6% 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 Campus / University of New Mexico neighborhood has more Native American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.0% of this neighborhood's residents have Native American ancestry.
Campus / University of New Mexico is also pretty special linguistically. Significantly, 4.0% 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 99.6% of the neighborhoods in America.
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 Campus / University of New Mexico 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 97.8% of U.S. neighborhoods. With 25.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 75.6% 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 Campus / University of New Mexico neighborhood, 44.5% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 33.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (11.3%), and 11.1% 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 Campus / University of New Mexico neighborhood is English, spoken by 75.6% of households. Other important languages spoken here include Spanish and Native American languages.
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 Campus / University of New Mexico neighborhood in Albuquerque, NM, residents most commonly identify their ethnicity or ancestry as Mexican (25.4%). There are also a number of people of German ancestry (7.8%), and residents who report Asian roots (7.1%), and some of the residents are also of Irish ancestry (6.4%), along with some English ancestry residents (6.1%), among others.
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 Campus / University of New Mexico neighborhood spend under 15 minutes commuting one-way to work (60.6% of working residents), one of the shortest commutes across America.
Here most residents (44.3%) 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 (33.0%) and 6.9% 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.
