Monterey Park median real estate price is $211,050, which is more expensive than 31.9% of the neighborhoods in New Mexico and 23.1% of the neighborhoods in the U.S.
The average rental price in Monterey Park is currently $2,062, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 78.9% of the neighborhoods in New Mexico.
Monterey Park is a rural neighborhood (based on population density) located in Los Lunas, New Mexico.
Monterey Park real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Monterey Park 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.
Home and apartment vacancy rates are 8.0% in Monterey Park. NeighborhoodScout analysis shows that this rate is lower than 47.9% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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.
The Monterey Park neighborhood is unique for having just 2.4% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 98.5% of America's neighborhoods.
The real estate in this neighborhood consists of more mobile homes than 95.5% of all neighborhoods in America, with 31.4% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.
Did you know that the Monterey Park neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 59.2% of this neighborhood's residents have Mexican ancestry.
Monterey Park is also pretty special linguistically. Significantly, 1.9% 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 99.0% of the neighborhoods in America.
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 Monterey Park neighborhood in Los Lunas are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 82.2% of U.S. neighborhoods. With 23.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 73.0% 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 Monterey Park neighborhood, 39.8% 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 30.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.4%), and 9.9% in executive, management, and professional occupations.
The most common language spoken in the Monterey Park neighborhood is English, spoken by 74.5% of households. Some people also speak Spanish (25.5%).
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 Monterey Park neighborhood in Los Lunas, NM, residents most commonly identify their ethnicity or ancestry as Mexican (59.2%). There are also a number of people of German ancestry (9.7%), and residents who report Spanish roots (6.6%), and some of the residents are also of English ancestry (5.3%), along with some Irish ancestry residents (4.5%), among others.
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 Monterey Park neighborhood spend between 15 and 30 minutes commuting one-way to work (38.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (73.3%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.