Old Town, Albuquerque, NM
Old Town — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Old Town, Albuquerque, New Mexico. Explore the cited sources and local facts below while agent underwriting continues.
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Old Town Neighborhood Overview
Old Town is the historic heart of Albuquerque, New Mexico, located in Bernalillo County under ZIP code 87104. This neighborhood preserves the city's 18th-century origins around its iconic central plaza, offering a unique blend of history and modern community life. It serves as a cultural anchor and a residential area with a distinct, walkable character.
Lifestyle & Amenities
Residents enjoy immediate access to the historic plaza, which is surrounded by adobe buildings housing museums, art galleries, shops, and renowned restaurants. The area's walkability score of 14.2 out of 20 reflects its pedestrian-friendly core, where daily needs and cultural experiences are within easy reach. This creates a vibrant, tourist-friendly atmosphere that also serves as a picturesque backdrop for local living.
Real Estate Market
The Old Town real estate market is mid-range, with a median home value of $292,300 and a median household income of $65,060. In 2023, the area saw 249 mortgage originations, predominantly conventional loans, indicating steady buyer activity. Rental options are available, with a median gross rent of $1,017 per month.
Schools & Education
Families in Old Town are served by several nearby schools, including Reginald Chavez Elementary and Washington Middle School within a mile. For high school education, options like Tierra Adentro and ACE Leadership High School are also located close to the neighborhood. This provides a variety of educational institutions within a convenient radius.
Transportation & Connectivity
The neighborhood's central location provides excellent connectivity to major Albuquerque districts, including Downtown just 1.26 miles away. Its inherent walkability reduces reliance on cars for daily errands within the historic core. Proximity to I-40 also offers straightforward regional access for residents.
Why Choose Old Town
Old Town offers a one-of-a-kind living experience immersed in Albuquerque's rich history and continuous cultural vibrancy. It is ideal for those who value a walkable, amenity-rich environment with a strong sense of place. The stable, mid-range real estate market makes this historic neighborhood an accessible and unique choice within the city.
Old Town Market Data
| Metric | Value |
|---|---|
| Median Home Price | $292K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $65K |
| Homeownership Rate | 64.5% |
| Renter-Occupied | 35.4% |
| Rental Vacancy Rate | 8.8% |
| Market Type | Buyer's |
| Market Tier | Mid-Range |
| Primary ZIP Code | 87104 |
| Mortgage Originations (2023 HMDA) | |
| Total Mortgage Originations | 249 |
| VA Loan Originations | 7 |
| VA Loan Share | 2.8% |
| Conventional Loan Originations | 225 |
| FHA Loan Originations | 17 |
Top Real Estate Agents in Old Town, Albuquerque
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Old Town, Albuquerque, NM. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: New Mexico Real Estate Commission (NMREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2023
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-14