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Real Estate Prices & Overview

Los Cordovas / Ranchito median real estate price is $391,840, which is more expensive than 78.5% of the neighborhoods in New Mexico and 59.0% of the neighborhoods in the U.S.

The average rental price in Los Cordovas / Ranchito is currently $1,861, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 64.0% of the neighborhoods in New Mexico.

Los Cordovas / Ranchito is a suburban neighborhood (based on population density) located in Ranchos de Taos, New Mexico.

Los Cordovas / Ranchito real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Los Cordovas / Ranchito 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 Los Cordovas / Ranchito. The current real estate vacancy rate here is 31.9%. This is higher than the rate of vacancies in 95.0% 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

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.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Los Cordovas / Ranchito neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 49.6% of the households here have four, five, or more cars. That is more cars per household than in 99.6% of the neighborhoods in the nation.

Modes of Transportation

In the Los Cordovas / Ranchito neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 25.0% of commuters carpool here, which is more than in 97.2% of all U.S. neighborhoods.

Real Estate

Despite all of the residential real estate here in the Los Cordovas / Ranchito 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 31.9%, which is higher than 95.0% of all U.S. neighborhoods.

Diversity

Did you know that the Los Cordovas / Ranchito neighborhood has more Belgian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.9% of this neighborhood's residents have Belgian ancestry.

Los Cordovas / Ranchito is also pretty special linguistically. Significantly, 0.8% 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 96.8% 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 Los Cordovas / Ranchito neighborhood in Ranchos de Taos are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 85.9% of U.S. neighborhoods. With 24.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 74.0% 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 Los Cordovas / Ranchito neighborhood, 30.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 25.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (25.0%), and 16.6% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Los Cordovas / Ranchito neighborhood is English, spoken by 63.0% of households. Other important languages spoken here include Spanish and Italian.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Los Cordovas / Ranchito neighborhood in Ranchos de Taos, NM, residents most commonly identify their ethnicity or ancestry as Mexican (42.9%). There are also a number of people of Irish ancestry (12.4%), and residents who report German roots (8.3%), and some of the residents are also of English ancestry (7.1%), along with some Spanish ancestry residents (3.9%), among others.

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 Los Cordovas / Ranchito neighborhood spend between 15 and 30 minutes commuting one-way to work (42.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (62.2%) 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 (25.0%) . 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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