Real Estate Prices and Overview
Cerrillos Rd / New Mexico Penitentiary Sr median real estate prices are $339,948, which is more expensive than 95.1% of the neighborhoods
in New Mexico and 82.4% of the
neighborhoods in the U.S.
Average rental prices in Cerrillos Rd / New Mexico Penitentiary Sr are currently
$641, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 45.4% of New Mexico neighborhoods.
Cerrillos Rd / New Mexico Penitentiary Sr is a suburban neighborhood (based on population
density) located in Santa Fe, New Mexico.
Cerrillos Rd / New Mexico Penitentiary Sr real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and mobile homes.
Most of the residential real estate is occupied by a mixture of owners and renters. Many of
the residences in the Cerrillos Rd / New Mexico Penitentiary Sr neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.
In Cerrillos Rd / New Mexico Penitentiary Sr, 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 Cerrillos Rd / New Mexico Penitentiary Sr
is very tight compared to the demand for property here.
Notable & Unique Neighborhood Characteristics
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.
Notable & Unique: Modes of Transportation
Our research reveals that 100.0% of commuters who live in the
Cerrillos Rd / New Mexico Penitentiary Sr neighborhood get to work each day by driving
alone in their automobiles, which is a higher proportion than
99.9% of U.S. neighborhoods.
Notable & Unique: People
Of note is NeighborhoodScout's research finding that the
Cerrillos Rd / New Mexico Penitentiary Sr neighborhood has some of the lowest rates of children
living in poverty of any neighborhood in the United States. In a nation
where approximately 1 in 4 children are living in poverty, the
Cerrillos Rd / New Mexico Penitentiary Sr community truly stands out from the rest in this regard.
In addition, an interesting characteristic about the Cerrillos Rd / New Mexico Penitentiary Sr neighborhood
is that there are more incarcerated people living here than 99.8%
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 exclusive research revealed that 99.3%
of the adult residents in the Cerrillos Rd / New Mexico Penitentiary Sr neighborhood do
not have a 4-year college degree, which is a lower rate of college graduated
adults than found in 98.9% of the neighborhoods in America.
Notable & Unique: Occupations
There are more people living in the Cerrillos Rd / New Mexico Penitentiary Sr neighborhood
employed as sales and service workers (32.6%) than almost any neighborhood
in the country. From fast-food service workers to major sales accounts,
sales and service workers make up the largest proportion of our national
employment picture. But despite that size and importance nationally, this
neighborhood still stands out as unique due to the dominance of people
living here who work in such occupations.
Notable & Unique: Length of Commute
Regardless of the means by which residents commute, this neighborhood has
a length of commute that is notable.
Residents of the Cerrillos Rd / New Mexico Penitentiary Sr neighborhood have the pleasure
of having one of the shortest commutes to work of any neighborhood in
America. 83.7% of the residents have a commute time from
home to work (one way) of less than fifteen minutes. This is a higher
proportion of residents enjoying a short trip to work than NeighborhoodScout
found in 99.7% of U.S. neighborhoods. Less time commuting
means more time for other things in life.
Notable & Unique: Diversity
Did you know that the Cerrillos Rd / New Mexico Penitentiary Sr neighborhood has more
Native American ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 4.1% of
this neighborhood's residents have Native American ancestry.
Cerrillos Rd / New Mexico Penitentiary Sr is also pretty special linguistically. Significantly, 1.3% of its residents five years old and above primarily
speak Navajo at home. While this may seem like a small percentage, it is higher
than 98.7% of the neighborhoods in America.
Notable & Unique: Real Estate
In addition, 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 Cerrillos Rd / New Mexico Penitentiary Sr 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.
Furthermore, most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Cerrillos Rd / New Mexico Penitentiary Sr neighborhood, is that an incredible 82.1% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.
Also of note, the Cerrillos Rd / New Mexico Penitentiary Sr 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 82.1% 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.
The Neighbors: Income
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 Cerrillos Rd / New Mexico Penitentiary Sr neighborhood in Santa Fe are lower-middle income, making it a below average income neighborhood.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 70.7% 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 99.9%
of America's neighborhoods.
The Neighbors: Occupations
The old saying "you are what you eat" is true. But it is also true that you
are what you do for a living. The types of occupations your neighbors have
shape their character, and together as a group, their collective occupations
shape the culture of a place.
In the Cerrillos Rd / New Mexico Penitentiary Sr neighborhood, 67.4%
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
manufacturing and laborer occupations, with 32.6% of the residents employed.
The Neighbors: 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 Cerrillos Rd / New Mexico Penitentiary Sr neighborhood in Santa Fe, NM, residents
most commonly identify their ethnicity or ancestry as German
(4.3%). There are also a number of people of Native American ancestry (4.1%) , and residents who report Mexican roots (4.1%) , and some of the residents are also of French ancestry (3.2%) , along with some Irish ancestry residents (2.9%), among others.
The Neighbors: Languages
The most common language spoken in the Cerrillos Rd / New Mexico Penitentiary Sr
neighborhood is English, spoken by 60.4% of households. Some people also speak Spanish (37.0%).
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 Cerrillos Rd / New Mexico Penitentiary Sr neighborhood spend
under 15 minutes commuting one-way to work (83.7% of working
residents), one of the shortest commutes across America.
Here most residents (100.0%) 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.