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Real Estate Prices & Overview

Conchas Dam / Tecolotito median real estate price is $195,338, which is less expensive than 70.4% of New Mexico neighborhoods and 78.3% of all U.S. neighborhoods.

The average rental price in Conchas Dam / Tecolotito is currently $1,610, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 42.4% of New Mexico neighborhoods.

Conchas Dam / Tecolotito is a remote neighborhood (based on population density) located in Las Vegas, New Mexico.

Conchas Dam / Tecolotito real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) mobile homes and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Conchas Dam / Tecolotito neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Conchas Dam / Tecolotito. The current real estate vacancy rate here is 36.8%. This is higher than the rate of vacancies in 96.9% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (26.8%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

The Conchas Dam / Tecolotito neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 60.7% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.6% 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.

In addition, unpopulated, and rural, the Conchas Dam / Tecolotito neighborhood is one of the least crowded neighborhoods in all of America. If you like open space, no traffic, and lots of room, this neighborhood may be just what you are looking for. According to NeighborhoodScout's leading research, this neighborhood is less densely populated than 99.5% of the neighborhoods in America. One of the notable things about Conchas Dam / Tecolotito is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.

Furthermore, despite all of the residential real estate here in the Conchas Dam / Tecolotito neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 36.8%, which is higher than 96.9% of all U.S. neighborhoods.

Occupations

It used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. But according to NeighborhoodScout's leading analysis, the Conchas Dam / Tecolotito neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 8.7% of the workforce so employed, this neighborhood has a greater concentration of such workers than 98.7% of U.S. neighborhoods.

People

Of note, 69.1% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Conchas Dam / Tecolotito neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Conchas Dam / Tecolotito neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 11.1% 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 96.5% of all neighborhoods in America.

Diversity

Did you know that the Conchas Dam / Tecolotito neighborhood has more Native American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.7% of this neighborhood's residents have Native American ancestry.

Conchas Dam / Tecolotito is also pretty special linguistically. Significantly, 1.5% 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 98.5% 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 Conchas Dam / Tecolotito neighborhood in Las Vegas are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 82.2% of U.S. neighborhoods. With 69.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.4% 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 Conchas Dam / Tecolotito neighborhood, 31.3% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 31.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.6%), and 9.5% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Conchas Dam / Tecolotito neighborhood is Spanish, spoken by 55.4% of households. Some people also speak English (43.8%).

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 Conchas Dam / Tecolotito neighborhood in Las Vegas, NM, residents most commonly identify their ethnicity or ancestry as Mexican (23.4%). There are also a number of people of Spanish ancestry (13.8%), and residents who report German roots (9.5%), and some of the residents are also of Irish ancestry (4.8%), along with some Native American 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 Conchas Dam / Tecolotito neighborhood spend between 15 and 30 minutes commuting one-way to work (37.2% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (11.1%) who commute over an hour in each direction.

Here most residents (80.0%) 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 (7.3%) . 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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