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Real Estate Prices & Overview

Lee Acres North median real estate price is $306,207, which is more expensive than 59.2% of the neighborhoods in New Mexico and 43.3% of the neighborhoods in the U.S.

The average rental price in Lee Acres North is currently $1,686, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 62.2% of the neighborhoods in New Mexico.

Lee Acres North is a rural neighborhood (based on population density) located in Farmington, New Mexico.

Lee Acres North real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) mobile homes and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Lee Acres North neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Lee Acres North are 4.5%, which is lower than one will find in 69.7% of American neighborhoods. Demand for real estate in Lee Acres North is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Farmington, the Lee Acres North neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The Lee Acres North neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 53.8% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.3% of the neighborhoods in the U.S. If you like mobile homes, this might be a great neighborhood in which to look for real estate.

People

Of particular note, 10.6% of the people in the Lee Acres North neighborhood currently reside in a correction facility, held due to punishment for a crime.

Modes of Transportation

While most Americans do drive to work alone each day, the Lee Acres North neighborhood stands out by having 91.1% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 97.5% of all American neighborhoods.

Diversity

Did you know that the Lee Acres North neighborhood has more Native American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 41.8% of this neighborhood's residents have Native American ancestry.

Lee Acres North is also pretty special linguistically. Significantly, 17.5% of its residents five years old and above primarily speak Native American languages at home. While this may seem like a small percentage, it is higher than 99.8% of the neighborhoods in America.

The Neighbors

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 Lee Acres North neighborhood in Farmington are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 74.9% of U.S. neighborhoods. With 29.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 80.8% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Lee Acres North neighborhood, 36.1% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 33.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (18.4%), and 12.3% in clerical, assistant, and tech support 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 Lee Acres North neighborhood is English, spoken by 73.2% of households. Other important languages spoken here include Native American languages and Spanish.

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 Lee Acres North neighborhood in Farmington, NM, residents most commonly identify their ethnicity or ancestry as Native American (41.8%). There are also a number of people of Mexican ancestry (12.9%), and residents who report German roots (8.3%), and some of the residents are also of Spanish ancestry (5.7%), along with some English ancestry residents (4.7%), among others.

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 Lee Acres North neighborhood spend between 15 and 30 minutes commuting one-way to work (45.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (91.1%) 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.


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