Hobbs Northeast median real estate price is $194,737, which is less expensive than 71.3% of New Mexico neighborhoods and 79.9% of all U.S. neighborhoods.
The average rental price in Hobbs Northeast is currently $2,060, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 78.5% of the neighborhoods in New Mexico.
Hobbs Northeast is a suburban neighborhood (based on population density) located in Hobbs, New Mexico.
Hobbs Northeast real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Hobbs Northeast neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.
Hobbs Northeast has a 13.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 74.7% 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 Hobbs, the Hobbs Northeast neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Hobbs Northeast neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 62.3% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 96.8% of U.S. neighborhoods. Less time commuting means more time for other things in life.
Did you know that the Hobbs Northeast neighborhood has more Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.0% of this neighborhood's residents have Cuban ancestry.
Hobbs Northeast is also pretty special linguistically. Significantly, 3.5% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 98.5% of the neighborhoods in America.
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 Northeast neighborhood in Hobbs are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 75.3% of U.S. neighborhoods. With 36.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.9% 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 Hobbs Northeast neighborhood, 31.1% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 28.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.6%), and 18.9% 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 Hobbs Northeast neighborhood is English, spoken by 66.1% of households. Other important languages spoken here include Spanish, German/Yiddish and Polish.
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 Northeast neighborhood in Hobbs, NM, residents most commonly identify their ethnicity or ancestry as Mexican (51.2%). There are also a number of people of Irish ancestry (5.4%), and residents who report German roots (4.4%), and some of the residents are also of English ancestry (3.1%), along with some Cuban ancestry residents (3.0%), among others.
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 Northeast neighborhood spend under 15 minutes commuting one-way to work (62.3% of working residents), one of the shortest commutes across America.
Here most residents (84.0%) 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 (15.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.