Los Volcanes median real estate price is $305,240, which is more expensive than 57.8% of the neighborhoods in New Mexico and 40.7% of the neighborhoods in the U.S.
The average rental price in Los Volcanes is currently $1,431, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 56.7% of New Mexico neighborhoods.
Los Volcanes is a suburban neighborhood (based on population density) located in Albuquerque, New Mexico.
Los Volcanes real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Los Volcanes 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.
In Los Volcanes, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Los Volcanes is very tight compared to the demand for property here.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Los Volcanes neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
Single parenting is hard. But you don't have to tell the Los Volcanes neighborhood about it; they already know. 19.8% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 96.9% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.
In addition, the Los Volcanes neighborhood stands out for having an average per capita income lower than 95.8% of the neighborhoods in the United States.
Our research reveals that 89.3% of commuters who live in the Los Volcanes neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 95.5% of U.S. neighborhoods.
Did you know that the Los Volcanes neighborhood has more Arab and Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.2% of this neighborhood's residents have Arab ancestry and 56.9% have Mexican ancestry.
Los Volcanes is also pretty special linguistically. Significantly, 5.0% 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 99.6% of the neighborhoods in America.
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 Los Volcanes 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 95.8% of U.S. neighborhoods. With 28.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 79.6% 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 Los Volcanes neighborhood, 28.7% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 25.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (24.4%), and 21.6% in executive, management, and professional occupations.
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 Los Volcanes neighborhood is English, spoken by 69.2% of households. Other important languages spoken here include Spanish, Native American languages, Arabic and Tagalog (the first language of the Philippine region).
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 Los Volcanes neighborhood in Albuquerque, NM, residents most commonly identify their ethnicity or ancestry as Mexican (56.9%). There are also a number of people of Spanish ancestry (11.6%), and residents who report Arab roots (4.2%), and some of the residents are also of Asian ancestry (3.2%), along with some English ancestry residents (3.0%), among others. In addition, 10.7% of the residents of this neighborhood were born in another country.
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 Los Volcanes neighborhood spend between 15 and 30 minutes commuting one-way to work (65.5% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (89.3%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.