Median real estate price in the City Center of Albany is $1,353,197, which is more expensive than 78.1% of the neighborhoods in California and 95.3% of the neighborhoods in the U.S.
The average rental price in Albany City Center is currently $3,570, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.5% of California neighborhoods.
Albany City Center is a densely urban neighborhood (based on population density) located in Albany, California.
Real estate in the City Center of Albany, CA 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 City Center neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Albany City Center are 4.6%, which is lower than one will find in 68.0% of American neighborhoods. Demand for real estate in Albany City Center is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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.
More people in Albany City Center choose to walk to work each day (32.8%) 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.
Also, would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Albany City Center neighborhood is a fantastic option for bicycle commuters, as 7.3% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 99.2% of the neighborhoods in America.
Finally, more people ride the bus in this neighborhood each day to get to work than 95.4% of U.S. neighborhoods.
100.0% of the real estate in the Albany City Center neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
In addition, the real estate in the Albany City Center 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, 80.1% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 96.7% of American neighborhoods.
Furthermore, the Albany City Center 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 82.8% 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.
Also of note, if you like crowded places, then you will probably enjoy the the Albany City Center neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.0% of neighborhoods in the U.S., with 20,693 people per square mile living here.
The first thing that you'll notice if you moved to this neighborhood is that an astounding 3.0% of the households are same sex couples. According to NeighborhoodScout's analysis, this is a higher proportion of same sex households than in 99.0% of the neighborhoods in America. This is one indicator that this neighborhood is likely a gay-friendly neighborhood. So if you are looking for such a neighborhood, the Albany City Center neighborhood should definitely be on your list of places to consider.
In addition, an extraordinary 27.7% of the residents of the Albany City Center neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.
Also, of note, 61.9% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.
Did you know that the Albany City Center neighborhood has more Danish and Croatian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.4% of this neighborhood's residents have Danish ancestry and 1.9% have Croatian ancestry.
Albany City Center is also pretty special linguistically. Significantly, 3.2% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 99.5% of the neighborhoods in America.
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 Albany City Center neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.4% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
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 City Center neighborhood in Albany are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 52.1% of the neighborhoods in America. With 61.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.4% 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 Albany City Center neighborhood, 63.5% 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 20.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (13.4%), and 3.1% 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 Albany City Center neighborhood is English, spoken by 55.5% of households. Other important languages spoken here include Spanish, Korean, Chinese and Japanese.
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 City Center neighborhood in Albany, CA, residents most commonly identify their ethnicity or ancestry as Asian (32.7%). There are also a number of people of Mexican ancestry (14.2%), and residents who report Puerto Rican roots (6.5%), and some of the residents are also of Norwegian ancestry (5.4%), along with some Danish ancestry residents (5.4%), among others. In addition, 27.2% 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 Albany City Center neighborhood spend between 15 and 30 minutes commuting one-way to work (58.0% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (32.8%) hop out the door and walk to work to get to work. In addition, quite a number also drive alone in a private automobile to get to work (26.6%) and 10.6% of residents also ride the bus for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.
