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Real Estate Prices & Overview

Knowles median real estate price is $266,731, which is more expensive than 50.0% of the neighborhoods in New Mexico and 34.5% of the neighborhoods in the U.S.

The average rental price in Knowles is currently $1,534, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 47.3% of New Mexico neighborhoods.

Knowles is a remote neighborhood (based on population density) located in Hobbs, New Mexico.

Knowles real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Knowles 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.

Home and apartment vacancy rates are 8.5% in Knowles. NeighborhoodScout analysis shows that this rate is lower than 45.6% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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 Knowles neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The real estate in this neighborhood consists of more mobile homes than 98.1% of all neighborhoods in America, with 41.9% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.

In addition, unpopulated, and rural, the Knowles 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 92.9% of the neighborhoods in America.

People

NeighborhoodScout's exclusive research revealed that 93.8% of the adult residents in the Knowles neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 96.0% of the neighborhoods in America.

Diversity

Did you know that the Knowles neighborhood has more Welsh and Brazilian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.2% of this neighborhood's residents have Welsh ancestry and 0.7% have Brazilian ancestry.

The Neighbors

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 Knowles neighborhood in Hobbs are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 48.4% of the neighborhoods in America. In addition, 1.8% 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 76.0% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Knowles neighborhood, 32.3% 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 27.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (22.1%), and 18.4% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Knowles neighborhood is Spanish, spoken by 51.6% of households. Some people also speak English (47.7%).

Ethnicity / Ancestry

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 Knowles neighborhood in Hobbs, NM, residents most commonly identify their ethnicity or ancestry as Mexican (47.5%). There are also a number of people of German ancestry (15.2%), and residents who report Spanish roots (8.7%), and some of the residents are also of Irish ancestry (5.4%), along with some Welsh ancestry residents (5.2%), among others. In addition, 19.6% of the residents of this neighborhood were born in another country.

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 Knowles neighborhood spend between 15 and 30 minutes commuting one-way to work (61.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (80.3%) 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 (8.4%) . 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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