Madrone / Casa Colorada median real estate price is $127,372, which is less expensive than 86.7% of New Mexico neighborhoods and 92.1% of all U.S. neighborhoods.
The average rental price in Madrone / Casa Colorada is currently $943, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 95.2% of New Mexico neighborhoods.
Madrone / Casa Colorada is a remote neighborhood (based on population density) located in Belen, New Mexico.
Madrone / Casa Colorada 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 Madrone / Casa Colorada 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.
Madrone / Casa Colorada has a 12.9% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 73.6% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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 Belen, the Madrone / Casa Colorada neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The Madrone / Casa Colorada neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 51.5% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.2% 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, uncrowded roads, rural America and space to be the individual you are. If you like these characteristics, this neighborhood may fit you. With just 6 residents per square mile, Madrone / Casa Colorada is less crowded than 97.9% of all U.S. neighborhoods.
Our research shows that more people carpool to work here in the Madrone / Casa Colorada (27.9%) than in 98.2% of the neighborhoods in America.
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Madrone / Casa Colorada neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 95.5% of all American neighborhoods.
Madrone / Casa Colorada is ranked among the top 8.8% of neighborhoods for first-time home buyers to consider in the state of New Mexico according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the Madrone / Casa Colorada neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.
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 Madrone / Casa Colorada neighborhood in Belen are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 88.1% of U.S. neighborhoods. With 19.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 68.2% 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 Madrone / Casa Colorada neighborhood, 37.9% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 30.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (20.9%), and 10.6% in clerical, assistant, and tech support occupations.
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 Madrone / Casa Colorada neighborhood is English, spoken by 71.0% of households. Other important languages spoken here include Spanish and Italian.
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 Madrone / Casa Colorada neighborhood in Belen, NM, residents most commonly identify their ethnicity or ancestry as Mexican (39.2%). There are also a number of people of German ancestry (26.4%), and residents who report English roots (10.0%), and some of the residents are also of Irish ancestry (8.0%), along with some French ancestry residents (5.7%), among others. In addition, 16.2% of the residents of this neighborhood were born in another country.
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 Madrone / Casa Colorada neighborhood spend between 45 minutes and one hour commuting one-way to work (45.3% of working residents), longer and tougher than most commutes in America.
Here most residents (66.5%) 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 (27.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.