Story Rock / La Luz Del Sol median real estate price is $401,380, which is more expensive than 76.0% of the neighborhoods in New Mexico and 54.8% of the neighborhoods in the U.S.
The average rental price in Story Rock / La Luz Del Sol is currently $1,894, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 70.3% of the neighborhoods in New Mexico.
Story Rock / La Luz Del Sol is a suburban neighborhood (based on population density) located in Albuquerque, New Mexico.
Story Rock / La Luz Del Sol 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 Story Rock / La Luz Del Sol 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 Story Rock / La Luz Del Sol, 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 Story Rock / La Luz Del Sol 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 Story Rock / La Luz Del Sol 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.
Did you know that the Story Rock / La Luz Del Sol neighborhood has more Native American and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.3% of this neighborhood's residents have Native American ancestry and 0.9% have Lebanese ancestry.
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 Story Rock / La Luz Del Sol neighborhood in Albuquerque are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 61.0% of the neighborhoods in America. In addition, 7.1% 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 58.3% of America'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 Story Rock / La Luz Del Sol neighborhood, 42.9% 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 25.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.8%), and 15.2% in clerical, assistant, and tech support 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 Story Rock / La Luz Del Sol neighborhood is English, spoken by 78.9% of households. Other important languages spoken here include Spanish, Italian and Arabic.
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 Story Rock / La Luz Del Sol neighborhood in Albuquerque, NM, residents most commonly identify their ethnicity or ancestry as Mexican (26.2%). There are also a number of people of Spanish ancestry (17.2%), and residents who report German roots (10.2%), and some of the residents are also of Italian ancestry (9.9%), along with some English ancestry residents (6.5%), among others.
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 Story Rock / La Luz Del Sol neighborhood spend between 15 and 30 minutes commuting one-way to work (52.5% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (69.6%) 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 (10.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.