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Real Estate Prices & Overview

Southeast / Los Cerros median real estate price is $1,350,365, which is more expensive than 99.2% of the neighborhoods in New Mexico and 95.3% of the neighborhoods in the U.S.

The average rental price in Southeast / Los Cerros is currently $3,179, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 99.2% of the neighborhoods in New Mexico.

Southeast / Los Cerros is a rural neighborhood (based on population density) located in Santa Fe, New Mexico.

Southeast / Los Cerros real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Southeast / Los Cerros 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 Southeast / Los Cerros. The current real estate vacancy rate here is 19.2%. This is higher than the rate of vacancies in 85.8% 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.

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 Santa Fe, the Southeast / Los Cerros neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

If knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Southeast / Los Cerros neighborhood, where 44.8% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 98.4% of the neighborhoods in America.

In addition, a majority of the adults in the Southeast / Los Cerros neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for New Mexico by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 96.7% of the neighborhoods in New Mexico. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for active retirees.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Southeast / Los Cerros neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 61.6% 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 96.6% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Diversity

Did you know that the Southeast / Los Cerros neighborhood has more Eastern European and English ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.9% of this neighborhood's residents have Eastern European ancestry and 23.1% have English 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 Southeast / Los Cerros neighborhood in Santa Fe are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 89.2% of the neighborhoods in America. In addition, 7.6% 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 56.9% of America'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 Southeast / Los Cerros neighborhood, 65.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 23.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.4%), and 7.9% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Southeast / Los Cerros neighborhood is English, spoken by 80.7% of households. Some people also speak Spanish (11.3%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Southeast / Los Cerros neighborhood in Santa Fe, NM, residents most commonly identify their ethnicity or ancestry as English (23.1%). There are also a number of people of Mexican ancestry (12.6%), and residents who report German roots (10.6%), and some of the residents are also of Irish ancestry (8.8%), along with some Spanish ancestry residents (6.8%), 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 Southeast / Los Cerros neighborhood spend under 15 minutes commuting one-way to work (61.6% of working residents), one of the shortest commutes across America.

Here most residents (48.7%) 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 (18.7%) and 7.1% of residents also hop out the door and walk to work 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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