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Real Estate Prices & Overview

Paseo del Norte Blvd NE / Tramway Blvd NE median real estate price is $734,239, which is more expensive than 96.3% of the neighborhoods in New Mexico and 84.8% of the neighborhoods in the U.S.

The average rental price in Paseo del Norte Blvd NE / Tramway Blvd NE is currently $3,351, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 98.8% of the neighborhoods in New Mexico.

Paseo del Norte Blvd NE / Tramway Blvd NE is a suburban neighborhood (based on population density) located in Albuquerque, New Mexico.

Paseo del Norte Blvd NE / Tramway Blvd NE real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Paseo del Norte Blvd NE / Tramway Blvd NE neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Real estate vacancies in Paseo del Norte Blvd NE / Tramway Blvd NE are 5.2%, which is lower than one will find in 67.0% of American neighborhoods. Demand for real estate in Paseo del Norte Blvd NE / Tramway Blvd NE 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.

Notable & Unique Neighborhood Characteristics

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

Of note is NeighborhoodScout's research finding that the Paseo del Norte Blvd NE / Tramway Blvd NE 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 Paseo del Norte Blvd NE / Tramway Blvd NE community truly stands out from the rest in this regard.

In addition, according to NeighborhoodScout's exclusive analysis, Paseo del Norte Blvd NE / Tramway Blvd NE is among the best neighborhoods for families in New Mexico. In fact, this neighborhood is more family-friendly than 97.1% of neighborhoods in the entire state of New Mexico. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Paseo del Norte Blvd NE / Tramway Blvd NE neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for highly educated executives and urban sophisticates.

Modes of Transportation

In the Paseo del Norte Blvd NE / Tramway Blvd NE neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 33.0% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 99.2% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.

Real Estate

The Paseo del Norte Blvd NE / Tramway Blvd NE neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 99.5% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 98.2% of all neighborhoods in America.

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 Paseo del Norte Blvd NE / Tramway Blvd NE neighborhood have a highly unusual car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 34.0% of the households here have four, five, or more cars. That is more cars per household than in 95.6% of the neighborhoods in the nation.

Diversity

Did you know that the Paseo del Norte Blvd NE / Tramway Blvd NE neighborhood has more English and Swedish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 21.5% of this neighborhood's residents have English ancestry and 5.1% have Swedish ancestry.

Paseo del Norte Blvd NE / Tramway Blvd NE is also pretty special linguistically. Significantly, 3.4% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 95.3% of the neighborhoods in America.

The Neighbors

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 Paseo del Norte Blvd NE / Tramway Blvd NE neighborhood in Albuquerque are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 90.9% 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 Paseo del Norte Blvd NE / Tramway Blvd NE neighborhood, 66.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 16.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.9%), and 5.4% 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 Paseo del Norte Blvd NE / Tramway Blvd NE neighborhood is English, spoken by 84.7% of households. Other important languages spoken here include Spanish and Langs. of India.

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 Paseo del Norte Blvd NE / Tramway Blvd NE neighborhood in Albuquerque, NM, residents most commonly identify their ethnicity or ancestry as English (21.5%). There are also a number of people of German ancestry (17.2%), and residents who report Irish roots (13.6%), and some of the residents are also of Mexican ancestry (11.8%), along with some Spanish ancestry residents (6.2%), among others.

Getting to Work

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 Paseo del Norte Blvd NE / Tramway Blvd NE neighborhood spend between 15 and 30 minutes commuting one-way to work (61.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (56.6%) 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 (8.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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