Old Sacramento median real estate price is $824,306, which is more expensive than 44.4% of the neighborhoods in California and 84.8% of the neighborhoods in the U.S.
The average rental price in Old Sacramento is currently $528, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 100.0% of California neighborhoods.
Old Sacramento is a densely urban neighborhood (based on population density) located in Sacramento, California.
Old Sacramento real estate is primarily made up of small (studio to two bedroom) to large (four, five or more bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Old Sacramento neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Old Sacramento has a 12.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 70.2% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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.
People
The Old Sacramento neighborhood stands out for having an average per capita income lower than 99.8% of the neighborhoods in the United States. In a nation where 1 out of every 4 children lives in poverty, the Old Sacramento neighborhood also stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, an interesting characteristic about the Old Sacramento neighborhood is that there are more incarcerated people living here than 99.7% of neighborhoods in the U.S. The United States has the highest rate of incarceration in the world, currently with 1 out of every 100 adults in the country are incarcerated as a punishment for crimes committed. The extremely high incarceration rate of this neighborhood could mean that a prison, juvenile detention facility or other correctional facility occupies a large proportion of the neighborhood, or contains a large portion of the neighborhood's population.
Also, neighborhoodScout's analysis shows that the Old Sacramento neighborhood has a greater concentration of residents currently enrolled in college than 96.3% of the neighborhoods in the U.S. With 13.0% of the population here attending college, this is very much a college-focused neighborhood.
Finally, with a nice mix of college students, safety from crime, and decent walkability, the Old Sacramento neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 86.2% of the neighborhoods in CA. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.
Occupations
The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Old Sacramento neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 24.6% of its workforce, this neighborhood has a greater concentration of government workers than 99.6% of U.S. neighborhoods.
Real Estate
The real estate in the Old Sacramento neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 97.5% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.5% of American neighborhoods.
In addition, the Old Sacramento neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 94.7% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Furthermore, 98.3% of the real estate in the Old Sacramento neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Modes of Transportation
More people in Old Sacramento choose to walk to work each day (21.2%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Car Ownership
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Old Sacramento neighborhood has a highly unusual pattern of car ownership. 27.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.9% of U.S. neighborhoods.
Migration / Stability
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Old Sacramento neighborhood. In the Old Sacramento neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 95.7% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Diversity
Did you know that the Old Sacramento neighborhood has more African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.9% of this neighborhood's residents have African ancestry.
Old Sacramento is also pretty special linguistically. Significantly, 11.0% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 98.1% 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 Old Sacramento neighborhood in Sacramento are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.8% of U.S. neighborhoods. In addition, 0.0% 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 100.0% 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 Old Sacramento neighborhood, 44.3% 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 27.0% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (24.6%), and 14.8% in manufacturing and laborer occupations.
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 Old Sacramento neighborhood is English, spoken by 68.2% of households. Other important languages spoken here include Spanish and Chinese.
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 Old Sacramento neighborhood in Sacramento, CA, residents most commonly identify their ethnicity or ancestry as Asian (16.7%). There are also a number of people of Mexican ancestry (11.0%), and residents who report Sub-Saharan African roots (5.9%), and some of the residents are also of African ancestry (5.9%), along with some German ancestry residents (5.2%), among others. In addition, 18.9% of the residents of this neighborhood were born in another country.
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 Old Sacramento neighborhood spend between 30 and 45 minutes commuting one-way to work (53.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (38.5%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (21.2%) and 9.6% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
