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Real Estate Prices & Overview

Arenal median real estate price is $176,119, which is less expensive than 76.0% of New Mexico neighborhoods and 83.4% of all U.S. neighborhoods.

The average rental price in Arenal is currently $1,500, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 50.9% of New Mexico neighborhoods.

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

Arenal real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Arenal neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 8.7% in Arenal. NeighborhoodScout analysis shows that this rate is lower than 44.3% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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.

Occupations

More people work in manufacturing and as laborers here in the Arenal neighborhood than in 99.1% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Diversity

Did you know that the Arenal neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 69.5% of this neighborhood's residents have Mexican ancestry.

Arenal is also pretty special linguistically. Significantly, 61.6% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 96.0% of all U.S. neighborhoods.

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 Arenal 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 86.0% of U.S. neighborhoods. With 49.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 93.9% 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 Arenal neighborhood, 50.9% of the working population is employed in manufacturing and laborer 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 23.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.6%), and 11.8% in executive, management, and professional occupations.

Languages

The most common language spoken in the Arenal neighborhood is Spanish, spoken by 61.6% of households. Some people also speak English (37.4%).

Ethnicity / Ancestry

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 Arenal neighborhood in Albuquerque, NM, residents most commonly identify their ethnicity or ancestry as Mexican (69.5%). There are also a number of people of Spanish ancestry (4.0%), and residents who report German roots (2.2%), and some of the residents are also of Irish ancestry (1.8%), along with some French ancestry residents (1.4%), among others. In addition, 22.2% of the residents of this neighborhood were born in another country.

Getting to Work

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 Arenal neighborhood spend between 15 and 30 minutes commuting one-way to work (64.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (87.0%) 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 (6.1%) . 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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