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Real Estate Prices & Overview

North Hobbs West median real estate price is $364,273, which is more expensive than 70.8% of the neighborhoods in New Mexico and 52.5% of the neighborhoods in the U.S.

The average rental price in North Hobbs West is currently $1,775, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 67.1% of the neighborhoods in New Mexico.

North Hobbs West is a rural neighborhood (based on population density) located in Hobbs, New Mexico.

North Hobbs West 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 North Hobbs West 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 8.4% in North Hobbs West. NeighborhoodScout analysis shows that this rate is lower than 46.0% 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 North Hobbs West neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

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 North Hobbs West neighborhood in Hobbs are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 79.6% of the neighborhoods in America. In addition, 4.6% 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 66.1% 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 North Hobbs West neighborhood, 42.6% 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 33.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.4%), and 7.9% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the North Hobbs West neighborhood is English, spoken by 72.6% of households. Some people also speak Spanish (25.4%).

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 North Hobbs West neighborhood in Hobbs, NM, residents most commonly identify their ethnicity or ancestry as Mexican (32.8%). There are also a number of people of English ancestry (8.3%), and residents who report German roots (6.2%), and some of the residents are also of Irish ancestry (5.7%), along with some Spanish ancestry residents (2.1%), 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 North Hobbs West neighborhood spend between 15 and 30 minutes commuting one-way to work (51.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (84.2%) 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 (10.5%) . 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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