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Real Estate Prices & Overview

Hobbs Southeast median real estate price is $176,632, which is less expensive than 74.6% of New Mexico neighborhoods and 83.4% of all U.S. neighborhoods.

The average rental price in Hobbs Southeast is currently $1,492, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 51.9% of New Mexico neighborhoods.

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

Hobbs Southeast real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and mobile homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Hobbs Southeast neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Hobbs Southeast are 5.8%, which is lower than one will find in 60.0% of American neighborhoods. Demand for real estate in Hobbs Southeast is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Hobbs Southeast neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Hobbs Southeast neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 21.9% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 99.7% of all neighborhoods in America.

Modes of Transportation

In the Hobbs Southeast neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 38.5% of commuters carpool here, which is more than in 99.7% of all U.S. neighborhoods.

Occupations

More people work in manufacturing and as laborers here in the Hobbs Southeast neighborhood than in 97.2% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Furthermore, each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the Hobbs Southeast neighborhood truly stands out among U.S. neighborhoods. According to exclusive NeighborhoodScout analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 97.0% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.

People

Single parenting is hard. But you don't have to tell the Hobbs Southeast neighborhood about it; they already know. 18.3% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 95.9% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

Diversity

Did you know that the Hobbs Southeast neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 66.3% of this neighborhood's residents have Mexican ancestry.

Hobbs Southeast is also pretty special linguistically. Significantly, 57.1% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 95.2% of all U.S. neighborhoods.

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 Hobbs Southeast neighborhood in Hobbs are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 93.1% of U.S. neighborhoods. With 30.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 82.5% 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 Hobbs Southeast neighborhood, 44.7% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 21.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.6%), and 9.4% in executive, management, and professional occupations.

Languages

The most common language spoken in the Hobbs Southeast neighborhood is Spanish, spoken by 57.1% of households. Some people also speak English (42.4%).

Ethnicity / Ancestry

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 Hobbs Southeast neighborhood in Hobbs, NM, residents most commonly identify their ethnicity or ancestry as Mexican (66.3%). There are also a number of people of Spanish ancestry (10.1%), and residents who report German roots (2.1%). In addition, 29.8% 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 Hobbs Southeast neighborhood spend under 15 minutes commuting one-way to work (39.9% of working residents), one of the shortest commutes across America. However, there is also a significant group of residents (21.9%) who commute over an hour in each direction.

Here most residents (57.0%) 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 (38.5%) . 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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