Academy Estates East median real estate price is $495,882, which is more expensive than 87.1% of the neighborhoods in New Mexico and 65.8% of the neighborhoods in the U.S.
The average rental price in Academy Estates East is currently $1,761, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 62.6% of the neighborhoods in New Mexico.
Academy Estates East is an urban neighborhood (based on population density) located in Albuquerque, New Mexico.
Academy Estates East real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Academy Estates East neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Real estate vacancies in Academy Estates East are 4.6%, which is lower than one will find in 69.3% of American neighborhoods. Demand for real estate in Academy Estates East 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.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Albuquerque, the Academy Estates East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Of note is NeighborhoodScout's research finding that the Academy Estates East neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Academy Estates East community truly stands out from the rest in this regard.
In addition, one of the most interesting things about the Academy Estates East neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 51.3% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 96.3% of the neighborhoods in America.
Also, the Academy Estates East neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 91.0% of New Mexico neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state.
Most neighborhoods are composed of a mixture of ages of homes, but the Academy Estates East stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 90.0% of the residential real estate here was built in this one time period.
Executives, managers and professionals make up 74.8% of the workforce in the Academy Estates East neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 97.7% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Did you know that the Academy Estates East neighborhood has more Canadian and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.2% of this neighborhood's residents have Canadian ancestry and 0.8% have Iranian ancestry.
Academy Estates East 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.
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 Academy Estates East neighborhood in Albuquerque are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 52.8% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America'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 Academy Estates East neighborhood, 74.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is government jobs, whether they are in local, state, or federal positions, with 12.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.5%), and 9.2% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
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 Academy Estates East neighborhood is English, spoken by 84.6% of households. Other important languages spoken here include Spanish and Native American languages.
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 Academy Estates East neighborhood in Albuquerque, NM, residents most commonly identify their ethnicity or ancestry as Spanish (20.6%). There are also a number of people of German ancestry (15.9%), and residents who report English roots (14.3%), and some of the residents are also of Mexican ancestry (12.2%), along with some Irish ancestry residents (8.6%), among others. In addition, 11.6% of the residents of this neighborhood were born in another country.
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 Academy Estates East neighborhood spend between 15 and 30 minutes commuting one-way to work (54.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (76.5%) 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 (16.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.