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Real Estate Prices & Overview

Academy Acres North median real estate price is $394,960, which is more expensive than 72.8% of the neighborhoods in New Mexico and 53.1% of the neighborhoods in the U.S.

The average rental price in Academy Acres North is currently $1,823, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 65.9% of the neighborhoods in New Mexico.

Academy Acres North is a suburban neighborhood (based on population density) located in Albuquerque, New Mexico.

Academy Acres North 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 Acres North 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 Acres North are 3.3%, which is lower than one will find in 78.3% of American neighborhoods. Demand for real estate in Academy Acres North 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.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the Academy Acres North 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, 84.4% of the residential real estate here was built in this one time period.

Diversity

Did you know that the Academy Acres North neighborhood has more Austrian and Native American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.8% of this neighborhood's residents have Austrian ancestry and 6.8% have Native American ancestry.

Academy Acres North is also pretty special linguistically. Significantly, 2.9% 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 99.4% of the neighborhoods in America.

The Neighbors

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 Acres North neighborhood in Albuquerque are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 68.1% of U.S. neighborhoods. With 39.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 88.8% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Academy Acres North neighborhood, 50.9% 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 21.3% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.2%), and 11.9% in government jobs, whether they are in local, state, or federal positions.

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 Academy Acres North neighborhood is English, spoken by 83.9% of households. Other important languages spoken here include Spanish, Tagalog (the first language of the Philippine region) 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 Academy Acres North neighborhood in Albuquerque, NM, residents most commonly identify their ethnicity or ancestry as Mexican (23.4%). There are also a number of people of Irish ancestry (18.3%), and residents who report German roots (12.5%), and some of the residents are also of English ancestry (9.5%), along with some Native American ancestry residents (6.8%), 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 Academy Acres North neighborhood spend under 15 minutes commuting one-way to work (49.8% of working residents), one of the shortest commutes across America.

Here most residents (84.8%) 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 (7.3%) . 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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