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Real Estate Prices & Overview

Eldorado at Santa Fe median real estate price is $563,669, which is more expensive than 91.0% of the neighborhoods in New Mexico and 71.0% of the neighborhoods in the U.S.

The average rental price in Eldorado at Santa Fe is currently $3,994, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 99.6% of the neighborhoods in New Mexico.

Eldorado at Santa Fe is a rural neighborhood (based on population density) located in Santa Fe, New Mexico.

Eldorado at Santa Fe real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Eldorado at Santa Fe 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.

In Eldorado at Santa Fe, the current vacancy rate is 0.9%, which is a lower rate of vacancies than 91.1% of all neighborhoods in the U.S. This means that the housing supply in Eldorado at Santa Fe is very tight compared to the demand for property here.

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.

People

If you are planning to retire in New Mexico, this neighborhood should be on your must-see list. For many reasons, Eldorado at Santa Fe may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in New Mexico, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 98.0% of neighborhoods in NM. If a New Mexico retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for families with school-aged children.

In addition, astoundingly, the Eldorado at Santa Fe neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 96.0% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Santa Fe neighborhood.

Real Estate

Some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Eldorado at Santa Fe neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 97.2% of all American neighborhoods.

In addition, one of the notable things about Eldorado at Santa Fe is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.

Diversity

Did you know that the Eldorado at Santa Fe neighborhood has more Austrian and Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.4% of this neighborhood's residents have Austrian ancestry and 3.2% have Scots-Irish ancestry.

Eldorado at Santa Fe 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 96.9% 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 Eldorado at Santa Fe neighborhood in Santa Fe are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 66.3% of the neighborhoods in America. With 20.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 70.1% of U.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 Eldorado at Santa Fe neighborhood, 66.1% 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 19.3% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (8.5%), and 7.4% in clerical, assistant, and tech support occupations.

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 Eldorado at Santa Fe neighborhood is English, spoken by 91.2% of households. Other important languages spoken here include Spanish and Italian.

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 Eldorado at Santa Fe neighborhood in Santa Fe, NM, residents most commonly identify their ethnicity or ancestry as English (21.0%). There are also a number of people of German ancestry (17.2%), and residents who report Irish roots (14.0%), and some of the residents are also of Italian ancestry (5.5%), along with some Mexican ancestry residents (5.2%), 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 Eldorado at Santa Fe neighborhood spend between 30 and 45 minutes commuting one-way to work (35.3% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (58.0%) 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 (9.3%) . 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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