Albuquerque, NM Community Information

Albuquerque, NM Homes for Sale

Albuquerque Metro and Neighborhood Information

Lying on a plain along the banks of the Rio Grande River, Albuquerque is the largest city in New Mexico. Surrounded by the Chihuahuan Desert, this Southwest city represents a synergy of Native American, Hispanic and Anglo cultures where tradition and modernity coexist. Renowned for its low humidity and warm temperatures, Albuquerque has become a destination haven for visitors and residents alike. The University of New Mexico is centered in Albuquerque, and the Sandia National Laboratory brings science and technology to this city of the Old West. A number of indian reservations and pueblos exist in or near the city.

The arrival of the railroad in 1880, affected the development of specific sectors of the city and drastically altered its ethnic makeup. By 1885, Albuquerque had become predominantly Anglo in population. The consequent influx of residents from the East and the Midwest brought enormous changes to the prevailing architecture of the city and the region.

The Native American culture is probably the most deeply rooted of the many branches that make up the diverse ethnic and cultural environment of New Mexico. The Anasazi Indians were virtually the first identifiable inhabitants of the Southwest. They have bestowed a legacy of kivas, cliff dwellings and traditional arts and crafts. Today, a wide variety of Native American culture is available at the 19 Indian pueblos that lie within the boundaries of New Mexico. Indigenous arts and crafts are still widely practiced in New Mexico's pueblos.

Eclectic choice of real estate

Old Town, which is located near the center of the city, is a residential and commercial hub boasting a variety of shops and galleries. The Old Town Plaza has an eclectic mix of arts, crafts, gifts and wonderful food.

The Albuquerque/Santa Fe metro areas encompasses six major communities, making it the center of the state's commercial and government activities. These cities provide a collective range of economic development supported by an educated, growing workforce.

The state's diverse housing opportunities provide reasonable commuting times to the metro areas and are primarily newly built properties, especially on the west side of the river and in Rio Rancho.

The older, established neighborhoods have also retained their desirability and Southwestern charm, attracting many new families to the area. Albuquerque offers a nice blend of urban condominiums, suburban planned neighborhoods, lakefront estates and premier golf and resort communities. The median home price in this city is $250,000.

Don't leave this hidden treasure of the Southwest undiscovered — start your Albuquerque real estate search today!

'''Source and more information:'''
www.desertusa.com/Cities/nm/albuque.html

Albuquerque, NM Community Information

Population

622,382

Median Age

34.1

Median Household Income

$51,458

Households with Children

49.39%

Median Travel Time to Work

22 minutes

Albuquerque, NM Real Estate Market Information

Homes Owned

63.19%

Homes Rented

31.46%

Homes Vacant

5.35%

Albuquerque, NM Home Price-Rent Ratio

The price-rent ratio is a great way to compare the costs of buying and renting both within a city and is useful to compare against other cities as well. Technically it is the average cost of ownership divided by the received rent income if buying to let. The formula is House Price / (Monthly Rent x 12).

15:1

Low Home Price-Rent Ratio

High Home Price-Rent Ratio

What does it mean?

1-10

It is less expensive to own than to rent a home in this city depending factors such as length of ownership.

11-20

The total costs of ownership of a home in this city are greater than the costs of renting, but it might still make financial sense depending on the situation.

21 or greater

The total costs of owning a home in this city are greater than the costs of renting depending factors such as length of ownership.

*Note that this index is a broad measure. Contact a local agent to understand local market conditions.

See Albuquerque apartments for rent

Powered by Apartments.com & HomeFinder.com

Albuquerque, NM School Information

Elementary Schools

Primary Schools

Middle Schools

High Schools

Other Schools

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Community Age Profile

Community

Transportation

Transportation

Education Levels

Education Levels

Occupation

Occupation

Community

  • Total Population 622,382
  • Total Male Population 305,580
  • Total Female Population 316,802
  • Population change since 2000 313.89%
  • Median age 34.1
  • Percent of households with children 49.39%
  • Personal Crime risk 203

Transportation

  • Median travel time to work 22 minutes
  • Percent using Public transportation 1.36%
  • Percent Driving/Using Carpool 89.86
  • Percent Using Other transportation 4.04%
  • Percent Working From Home 4.74%

Education Levels

  • Some high school 12.84%
  • High school graduate 25.89%
  • Some college 22.30%
  • Associate degree 6.62%
  • Bachelor's degree 18.66%
  • Graduate degree 13.70%

Occupation

  • Agriculture, forestry, and fishing 0.31%
  • Construction 7.14%
  • Manufacturing 6.64%
  • Wholesale Trade 2.89%
  • Retail Trade 10.12%
  • Finance, insurance and real estate 6.79%
  • Services 5.05%
  • Public administration 6.18%
  • Information 3.18%
  • Professional 14.07%
  • Education 22.72%
  • Arts 10.44%

Income

  • Average household income $65,403
  • Income change since 2000 20.02%

Climate

  • Avg. January high/low temp 48.28 / 20.49
  • Avg. July high/low temp 92.17 / 60.96
  • Annual precipitation 10.06
© 2013 HomeFinder.com, LLC Equal Housing Opportunity