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Real Estate Prices & Overview

Hobbs Southeast median real estate price is $174,221, which is less expensive than 74.0% of New Mexico neighborhoods and 81.4% of all U.S. neighborhoods.

The average rental price in Hobbs Southeast is currently $1,380, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 57.1% of New Mexico neighborhoods.

Hobbs Southeast is a suburban neighborhood (based on population density) located in Hobbs, New Mexico.

Hobbs Southeast 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 Hobbs Southeast neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 7.7% in Hobbs Southeast. NeighborhoodScout analysis shows that this rate is lower than 49.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Hobbs Southeast neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 26.4% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 99.9% of all neighborhoods in America.

Modes of Transportation

Our research shows that more people carpool to work here in the Hobbs Southeast (36.9%) than in 99.6% of the neighborhoods in America.

People

Single parenting is hard. But you don't have to tell the Hobbs Southeast neighborhood about it; they already know. 20.6% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 97.3% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

In addition, the Hobbs Southeast neighborhood stands out for having an average per capita income lower than 95.6% of the neighborhoods in the United States.

Occupations

Each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the Hobbs Southeast neighborhood truly stands out among U.S. neighborhoods. According to exclusive NeighborhoodScout analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 97.3% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.

Furthermore, neighborhoodScout's exclusive research identifies the Hobbs Southeast neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 42.6% of its working residents employed in such fields, which is a higher proportion than 95.7% of American neighborhoods.

Diversity

Did you know that the Hobbs Southeast neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 74.8% of this neighborhood's residents have Mexican ancestry.

Hobbs Southeast is also pretty special linguistically. Significantly, 56.9% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 95.1% of all U.S. neighborhoods.

The Neighbors

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 Hobbs Southeast neighborhood in Hobbs are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.6% of U.S. neighborhoods. With 25.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 75.7% of U.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 Hobbs Southeast neighborhood, 42.6% of the working population is employed in manufacturing and laborer 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 21.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.6%), and 9.5% in executive, management, and professional occupations.

Languages

The most common language spoken in the Hobbs Southeast neighborhood is Spanish, spoken by 56.9% of households. Some people also speak English (42.6%).

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 Hobbs Southeast neighborhood in Hobbs, NM, residents most commonly identify their ethnicity or ancestry as Mexican (74.8%). There are also a number of people of Spanish ancestry (9.1%), and residents who report German roots (2.2%). In addition, 28.8% of the residents of this neighborhood were born in another country.

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 Hobbs Southeast neighborhood spend under 15 minutes commuting one-way to work (42.7% of working residents), one of the shortest commutes across America. However, there is also a significant group of residents (26.4%) who commute over an hour in each direction.

Here most residents (58.9%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (36.9%) . 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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