Real Estate Prices and Overview
Median real estate prices in the City Center of Santa Fe are $327,408, which is more expensive than 94.5% of the neighborhoods
in New Mexico and 81.1% of the
neighborhoods in the U.S.
Average rental prices in Santa Fe City Center are currently
$915, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 74.0%
of the neighborhoods in New Mexico.
Santa Fe City Center is a suburban neighborhood (based on population
density) located in Santa Fe, New Mexico.
Real estate in the City Center of Santa Fe, NM 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 renter occupied. Many of
the residences in the City Center neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Santa Fe City Center has a 17.4% vacancy rate, which is
well above average compared to other U.S. neighborhoods (higher than
79.9% of American neighborhoods). This could either
signal that there is weak demand for real estate in the neighborhood,
or that much of the housing stock is seasonally occupied,
which can occur in some markets dominated by colleges or vacation homes.
Either way, if you live here year round, you will find many of the homes
or apartments are empty for all or a portion of the year.
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: People
Of note is NeighborhoodScout's research finding that the Santa Fe
City Center 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 Santa Fe
City Center community truly stands out from the rest in this regard.
In addition, the types of households in a neighborhood can tell a lot about the character
and lifestyle of those living here. NeighborhoodScout's exclusive analysis
reveals that this neighborhood, above nearly every neighborhood in America,
has a greater percentage of its residents living alone: 62.8%. This
is a higher percent living alone than we found in 99.6% of
all U.S. neighborhoods. Often residents who live alone are new arrivals
to an area who are single, and often senior citizens who have lost a spouse.
Also, if you're nearing retirement age, or in retirement, the Santa Fe
City Center neighborhood is an excellent choice for you to consider
for top-quality retirement living. This neighborhood is rated by
NeighborhoodScout as among the top 6.2% of retiree-friendly
neighborhoods in New Mexico, combining peace and quiet, safety from
crime, and offering diverse housing options from which retirees can
choose. Maybe it's because of these amenities that a large proportion
of the residents here are college educated seniors, mixed with other
age groups. For these and other reasons, NeighborhoodScout identifies
this neighborhood as a top-notch place to consider if you are thinking
of or planning to retire in New Mexico.
Notable & Unique: Diversity
Did you know that the Santa Fe City Center neighborhood has more
Spanish and Swiss ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 5.6% of
this neighborhood's residents have Spanish ancestry and 2.8% have Swiss ancestry.
Santa Fe City Center is also pretty special linguistically. Significantly, 2.5% 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 99.3% of the neighborhoods in America.
Notable & Unique: Modes of Transportation
If your dream is to be able to ride your bike to work each day, look no
further than this unique neighborhood. With 16.4% of residents in
the Santa Fe City Center neighborhood commuting on a bicycle to and
from work daily, this neighborhood has more bicycle commuters than
99.8% of all neighborhoods in the U.S., according to
NeighborhoodScout's exclusive analysis.
Also, more people in Santa Fe City Center choose to walk to work each day
(21.3%) 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.
Notable & Unique: Occupations
The Santa Fe City Center neighborhood has a higher proportion of
its residents employed as executives, managers and professionals than
97.2% of the neighborhoods in American. In fact, 66.9%
of the employed people here make a living as an executive, a manager, or
other professional. With such a high concentration, this truly shapes
the character of this neighborhood, and to a large degree defines what
this neighborhood is about.
Notable & Unique: Real Estate
In addition, the Santa Fe City Center 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 85.9% 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
There are two complimentary 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 City Center neighborhood in Santa Fe are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 69.7% of the neighborhoods in America.
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 Santa Fe City Center neighborhood, 66.9%
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 28.6% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
The Neighbors: Ethnicity / Ancestry
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 City Center neighborhood in Santa Fe, NM, residents
most commonly identify their ethnicity or ancestry as Irish
(6.2%). There are also a number of people of English ancestry (6.0%) , and residents who report Mexican roots (5.7%) , and some of the residents are also of Spanish ancestry (5.6%) , along with some German ancestry residents (3.9%), among others.
The Neighbors: 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 Santa Fe City Center
neighborhood is English, spoken by 74.8% of households. Other important languages spoken here include Spanish and Navajo.
Getting to Work
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 Santa Fe City Center neighborhood spend
under 15 minutes commuting one-way to work (59.0% of working
residents), one of the shortest commutes across America.
Here most residents (55.7%) 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 (21.3%) and 16.4% of residents also bicycle 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.