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Real Estate Prices & Overview

Ferrocaril / Baca St. sierra St. median real estate price is $525,310, which is more expensive than 88.0% of the neighborhoods in New Mexico and 70.2% of the neighborhoods in the U.S.

The average rental price in Ferrocaril / Baca St. sierra St. is currently $2,204, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 87.2% of the neighborhoods in New Mexico.

Ferrocaril / Baca St. sierra St. is a suburban neighborhood (based on population density) located in Santa Fe, New Mexico.

Ferrocaril / Baca St. sierra St. real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Ferrocaril / Baca St. sierra St. neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Vacant apartments or homes are a major fact of life in Ferrocaril / Baca St. sierra St.. The current real estate vacancy rate here is 17.4%. This is higher than the rate of vacancies in 82.7% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, 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.

People

Of note is NeighborhoodScout's research finding that the Ferrocaril / Baca St. sierra St. 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 Ferrocaril / Baca St. sierra St. community truly stands out from the rest in this regard.

In addition, one of the most interesting things about the Ferrocaril / Baca St. sierra St. neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 53.3% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 97.2% of the neighborhoods in America.

Also, the Ferrocaril / Baca St. sierra St. neighborhood stands out within New Mexico for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 9.3% of college-friendly places to live in NM.

Real Estate

The Ferrocaril / Baca St. sierra St. 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 83.5% 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.

Diversity

Did you know that the Ferrocaril / Baca St. sierra St. neighborhood has more Finnish and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.6% of this neighborhood's residents have Finnish ancestry and 6.9% have South American ancestry.

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 Ferrocaril / Baca St. sierra St. neighborhood in Santa Fe are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 54.0% 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 100.0% of America'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 Ferrocaril / Baca St. sierra St. neighborhood, 55.8% 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 22.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.2%), and 9.1% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Ferrocaril / Baca St. sierra St. neighborhood is English, spoken by 75.8% of households. Some people also speak Spanish (19.8%).

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 Ferrocaril / Baca St. sierra St. neighborhood in Santa Fe, NM, residents most commonly identify their ethnicity or ancestry as Mexican (13.1%). There are also a number of people of German ancestry (11.1%), and residents who report Irish roots (9.8%), and some of the residents are also of Spanish ancestry (9.5%), along with some English ancestry residents (7.3%), 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 Ferrocaril / Baca St. sierra St. neighborhood spend between 15 and 30 minutes commuting one-way to work (54.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (64.4%) 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 (8.6%) and 6.4% of residents also hop out the door and walk to work 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.


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