Meadow Lake median real estate price is $101,185, which is less expensive than 91.1% of New Mexico neighborhoods and 95.3% of all U.S. neighborhoods.
The average rental price in Meadow Lake is currently $1,178, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 79.9% of New Mexico neighborhoods.
Meadow Lake is a rural 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 22.4%. This is higher than the rate of vacancies in 90.2% 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.
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 Los Lunas, the Meadow Lake neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The Meadow Lake neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 84.3% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.9% 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.
In addition, most neighborhoods are composed of a mixture of ages of homes, but the Meadow Lake 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, 80.5% of the residential real estate here was built in this one time period.
In the Meadow Lake neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 24.5% of commuters carpool here, which is more than in 96.7% of all U.S. neighborhoods.
Each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the Meadow Lake 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 96.2% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.
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, 64.7% of this neighborhood's residents have Mexican ancestry.
Meadow Lake is also pretty special linguistically. Significantly, 59.3% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 95.6% of all U.S. neighborhoods.
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 92.9% of U.S. neighborhoods. With 39.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 89.1% 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 Meadow Lake neighborhood, 30.5% 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 manufacturing and laborer occupations, with 29.1% of the residents employed. Other residents here are employed in executive, management, and professional occupations (24.0%), and 12.2% in clerical, assistant, and tech support occupations.
The most common language spoken in the Meadow Lake neighborhood is Spanish, spoken by 59.3% of households. Some people also speak English (37.8%).
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 (64.7%). There are also a number of people of Spanish ancestry (6.3%), and residents who report English roots (5.5%), and some of the residents are also of Irish ancestry (2.5%), along with some Italian ancestry residents (2.4%), among others. In addition, 25.9% of the residents of this neighborhood were born in another country.
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 Meadow Lake neighborhood spend between 30 and 45 minutes commuting one-way to work (34.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (71.1%) 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 (24.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.