The Lofts At 610 Central SW / Silver Platinum median real estate price is $279,690, which is more expensive than 53.5% of the neighborhoods in New Mexico and 36.8% of the neighborhoods in the U.S.
The average rental price in The Lofts At 610 Central SW / Silver Platinum is currently $1,323, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 66.6% of New Mexico neighborhoods.
The Lofts At 610 Central SW / Silver Platinum is a suburban neighborhood (based on population density) located in Albuquerque, New Mexico.
The Lofts At 610 Central SW / Silver Platinum real estate is primarily made up of small (studio to two bedroom) to large (four, five or more bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the The Lofts At 610 Central SW / Silver Platinum neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
The Lofts At 610 Central SW / Silver Platinum has a 14.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 77.5% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are 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
One of the most interesting things about the The Lofts At 610 Central SW / Silver Platinum neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 75.6% 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 99.9% of the neighborhoods in America.
In addition, one of the unique characteristics of the The Lofts At 610 Central SW / Silver Platinum neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 99.6% of the neighborhoods in America. Also of note, 65.6% 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.
Also, neighborhoodScout's analysis shows that the The Lofts At 610 Central SW / Silver Platinum neighborhood has a greater concentration of residents currently enrolled in college than 97.2% of the neighborhoods in the U.S. With 16.4% of the population here attending college, this is very much a college-focused neighborhood.
Finally, the The Lofts At 610 Central SW / Silver Platinum 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 8.0% of college-friendly places to live in NM.
Real Estate
The The Lofts At 610 Central SW / Silver Platinum 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 97.4% 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.
In addition, one of the really unique and interesting things about the look and setting of the The Lofts At 610 Central SW / Silver Platinum neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 91.2% 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 98.4% of all neighborhoods in America.
Furthermore, renter-occupied real estate is dominant in the The Lofts At 610 Central SW / Silver Platinum neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 89.5%, which is higher than 96.7% 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.
Modes of Transportation
In the The Lofts At 610 Central SW / Silver Platinum neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 15.5% of residents here. This is a higher proportion of walking commuters than we found in 97.2% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Car Ownership
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the The Lofts At 610 Central SW / Silver Platinum neighborhood has a highly unusual pattern of car ownership. 30.8% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.2% of U.S. neighborhoods.
Diversity
Did you know that the The Lofts At 610 Central SW / Silver Platinum neighborhood has more Native American and Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.2% of this neighborhood's residents have Native American ancestry and 1.2% have Austrian ancestry.
The Lofts At 610 Central SW / Silver Platinum is also pretty special linguistically. Significantly, 2.9% 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 99.4% of the neighborhoods in America.
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 The Lofts At 610 Central SW / Silver Platinum neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 96.7% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
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 The Lofts At 610 Central SW / Silver Platinum 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 99.6% of U.S. neighborhoods. With 65.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.9% of U.S. neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the The Lofts At 610 Central SW / Silver Platinum neighborhood, 44.2% 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 25.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.5%), and 10.3% 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 The Lofts At 610 Central SW / Silver Platinum neighborhood is English, spoken by 85.8% of households. Other important languages spoken here include Spanish, Native American languages, Italian and Polish.
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 The Lofts At 610 Central SW / Silver Platinum neighborhood in Albuquerque, NM, residents most commonly identify their ethnicity or ancestry as Spanish (22.5%). There are also a number of people of Mexican ancestry (21.2%), and residents who report German roots (10.1%), and some of the residents are also of Native American ancestry (6.2%), along with some English ancestry residents (4.7%), 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 The Lofts At 610 Central SW / Silver Platinum neighborhood spend between 15 and 30 minutes commuting one-way to work (45.0% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (56.8%) 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 (15.5%) and 9.1% 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.
