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Real Estate Prices & Overview

Via Caballero / Las Estancias median real estate price is $649,033, which is more expensive than 94.7% of the neighborhoods in New Mexico and 80.1% of the neighborhoods in the U.S.

The average rental price in Via Caballero / Las Estancias is currently $3,362, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 99.5% of the neighborhoods in New Mexico.

Via Caballero / Las Estancias is a suburban neighborhood (based on population density) located in Santa Fe, New Mexico.

Via Caballero / Las Estancias real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Via Caballero / Las Estancias 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.

Via Caballero / Las Estancias has a 9.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 60.8% of American neighborhoods). A relatively large percentage of housing here is seasonally occupied (6.0%), which can occur in some markets dominated by colleges or vacation homes. If you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

The first thing that you'll notice if you moved to this neighborhood is that an astounding 4.2% of the households are same sex couples. According to NeighborhoodScout's analysis, this is a higher proportion of same sex households than in 99.8% of the neighborhoods in America. This is one indicator that this neighborhood is likely a gay-friendly neighborhood. So if you are looking for such a neighborhood, the Via Caballero / Las Estancias neighborhood should definitely be on your list of places to consider.

In addition, the Via Caballero / Las Estancias neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 90.0% of New Mexico neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for urban sophisticates.

Occupations

The Via Caballero / Las Estancias neighborhood has a greater proportion of government workers living in it than 98.2% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.

Furthermore, the Via Caballero / Las Estancias neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 95.4% of the neighborhoods in America. In fact, 69.8% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the Via Caballero / Las Estancias stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 87.6% of the residential real estate here was built in this one time period.

Diversity

Did you know that the Via Caballero / Las Estancias neighborhood has more Croatian and Dutch ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.0% of this neighborhood's residents have Croatian ancestry and 3.9% have Dutch ancestry.

Via Caballero / Las Estancias is also pretty special linguistically. Significantly, 1.5% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 98.4% of the neighborhoods in America.

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 Via Caballero / Las Estancias neighborhood in Santa Fe are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 75.6% of the neighborhoods in America. In addition, 2.0% 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 75.2% 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 Via Caballero / Las Estancias neighborhood, 69.8% 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 18.5% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (17.2%), and 7.7% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Via Caballero / Las Estancias neighborhood is English, spoken by 73.6% of households. Other important languages spoken here include Spanish and Italian.

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 Via Caballero / Las Estancias neighborhood in Santa Fe, NM, residents most commonly identify their ethnicity or ancestry as Mexican (15.2%). There are also a number of people of German ancestry (12.0%), and residents who report English roots (11.9%), and some of the residents are also of Irish ancestry (11.6%), along with some Spanish ancestry residents (11.3%), 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 Via Caballero / Las Estancias neighborhood spend between 15 and 30 minutes commuting one-way to work (58.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (64.0%) 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 (9.4%) . 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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