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Real Estate Prices & Overview

Roswell Northwest median real estate price is $156,172, which is less expensive than 79.6% of New Mexico neighborhoods and 86.7% of all U.S. neighborhoods.

The average rental price in Roswell Northwest is currently $1,321, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 68.4% of New Mexico neighborhoods.

Roswell Northwest is a rural neighborhood (based on population density) located in Roswell, New Mexico.

Roswell Northwest 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 Roswell Northwest 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.

Roswell Northwest has a 15.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 78.9% 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.

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

People

An extraordinary 29.6% of the residents of the Roswell Northwest neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

Real Estate

The real estate in this neighborhood consists of more mobile homes than 96.1% of all neighborhoods in America, with 33.2% 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.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Roswell Northwest neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 58.8% 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 95.6% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Diversity

Did you know that the Roswell Northwest neighborhood has more Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.5% of this neighborhood's residents have Iranian 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 Roswell Northwest neighborhood in Roswell are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 93.5% of U.S. neighborhoods. In addition, 3.1% 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 71.1% 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 Roswell Northwest neighborhood, 37.3% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 32.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.2%), and 10.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Roswell Northwest neighborhood is English, spoken by 73.3% of households. Some people also speak Spanish (16.9%).

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 Roswell Northwest neighborhood in Roswell, NM, residents most commonly identify their ethnicity or ancestry as Mexican (35.2%). There are also a number of people of German ancestry (12.6%), and residents who report Spanish roots (9.0%), and some of the residents are also of Asian ancestry (8.3%), along with some Irish ancestry residents (7.8%), among others. In addition, 15.7% 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 Roswell Northwest neighborhood spend under 15 minutes commuting one-way to work (58.8% of working residents), one of the shortest commutes across America.

Here most residents (77.7%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (9.0%) and 6.9% of residents also carpool with coworkers, friends, or neighbors for their daily commute. 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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