Fairbanks / South Spring median real estate price is $130,148, which is less expensive than 84.8% of New Mexico neighborhoods and 90.7% of all U.S. neighborhoods.
The average rental price in Fairbanks / South Spring is currently $1,321, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 65.8% of New Mexico neighborhoods.
Fairbanks / South Spring is a rural neighborhood (based on population density) located in Roswell, New Mexico.
Fairbanks / South Spring 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 Fairbanks / South Spring neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Fairbanks / South Spring has a 14.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 76.9% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are 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 Roswell, the Fairbanks / South Spring neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Of particular note, 5.5% of the people in the Fairbanks / South Spring neighborhood currently reside in a correction facility, held due to punishment for a crime.
In addition, the Fairbanks / South Spring neighborhood stands out for having an average per capita income lower than 97.2% of the neighborhoods in the United States. Also of note, 59.4% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.
Also, the Fairbanks / South Spring neighborhood is unique for having just 6.1% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 96.5% of America's neighborhoods.
Did you know that the Fairbanks / South Spring neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 78.7% of this neighborhood's residents have Mexican ancestry.
Fairbanks / South Spring is also pretty special linguistically. Significantly, 62.5% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 96.2% of all U.S. neighborhoods.
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 Fairbanks / South Spring neighborhood in Roswell are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.2% of U.S. neighborhoods. With 59.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 96.9% 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 Fairbanks / South Spring neighborhood, 35.9% 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 29.4% of the residents employed. Other residents here are employed in executive, management, and professional occupations (22.0%), and 12.7% in clerical, assistant, and tech support occupations.
The most common language spoken in the Fairbanks / South Spring neighborhood is Spanish, spoken by 62.5% of households. Some people also speak English (37.4%).
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Fairbanks / South Spring neighborhood in Roswell, NM, residents most commonly identify their ethnicity or ancestry as Mexican (78.7%). There are also a number of people of Irish ancestry (3.7%), and residents who report Italian roots (2.5%), and some of the residents are also of German ancestry (2.4%), along with some English ancestry residents (2.0%), among others. In addition, 15.0% 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 Fairbanks / South Spring neighborhood spend under 15 minutes commuting one-way to work (54.5% of working residents), one of the shortest commutes across America.
Here most residents (84.8%) 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 (11.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.