Meadow Lake median real estate price is $116,904, which is less expensive than 85.8% of New Mexico neighborhoods and 90.3% of all U.S. neighborhoods.
The average rental price in Meadow Lake is currently $1,261, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 77.0% of New Mexico neighborhoods.
Meadow Lake is a suburban neighborhood (based on population density) located in Los Lunas, New Mexico.
Meadow Lake real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) mobile homes and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Meadow Lake 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.
Vacant apartments or homes are a major fact of life in Meadow Lake. The current real estate vacancy rate here is 27.7%. This is higher than the rate of vacancies in 93.1% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
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.
The Meadow Lake neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 88.2% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 100.0% of the neighborhoods in the U.S. If you like mobile homes, this might be a great neighborhood in which to look for real estate.
Did you know that the Meadow Lake neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 55.4% of this neighborhood's residents have Mexican ancestry.
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 Meadow Lake neighborhood in Los Lunas 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 35.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 85.4% 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 Meadow Lake neighborhood, 36.4% 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 26.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.0%), and 16.5% in clerical, assistant, and tech support occupations.
The most common language spoken in the Meadow Lake neighborhood is Spanish, spoken by 50.6% of households. Some people also speak English (46.6%).
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 Meadow Lake neighborhood in Los Lunas, NM, residents most commonly identify their ethnicity or ancestry as Mexican (55.4%). There are also a number of people of Spanish ancestry (6.0%), and residents who report Irish roots (3.0%), and some of the residents are also of German ancestry (2.6%), along with some English ancestry residents (1.8%), among others. In addition, 17.0% of the residents of this neighborhood were born in another country.
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 Meadow Lake neighborhood spend between 45 minutes and one hour commuting one-way to work (42.3% of working residents), longer and tougher than most commutes in America.
Here most residents (80.3%) 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 (12.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.