What do we mean by a neighborhood?
NeighborhoodScout® uses the official government designation for neighborhoods - the census tract.
Census tracts are small, relatively permanent subdivisions of a county that are defined by the U.S. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Because census tracts are based on population, they vary in size depending on the density of settlement. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas.
Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St)
Why we don't use Zip Codes as neighborhoods
Zip codes were developed by the Postal Service for the purpose of delivering mail, but were never intended to define coherent neighborhoods. In addition, Zip Codes can have as many as 10 distinctly different census tracts contained within them. When distinct census tracts are blended together in a single Zip Code, the data reflects their average conditions and often gives a false sense of the area. The result is that potentially great matching neighborhoods can be missed, and erroneous matches can also be produced and delivered to you.
Using census tracts makes great matches possible, and helps people find the areas that are best for them and their families. Because we are committed to providing the highest possible quality and finding the neighborhoods that best meet your criteria, we use census tracts. And, as always, we show you the actual street map of the neighborhood so you know exactly where your best matching neighborhood is located.
What is a Condition Alert?
A condition alert is a condition in the neighborhood that triggers an alert. NeighborhoodScout contains condition alerts to highlight conditions that are extreme, whether good or bad. This helps answer crucial questions about the state of the neighborhood being evaluated, such as:
What are the risks of violent crime here?
Is the risk of home break-ins or other property crimes increasing?
Does real estate here hold its value?
Are the trends in local vacancies or unemployment concerning?
...and dozens more.
Information at a glance that you need to know to invest, appraise or finance a property.
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
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. 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
NeighborhoodScout's exclusive research identifies the Hobbs Southeast neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 44.7% of its working residents employed in such fields, which is a higher proportion than 97.2% of American neighborhoods.
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.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
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
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 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.
SCOUT’s patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.
