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Real Estate Prices & Overview

Ricketts Park median real estate price is $235,617, which is more expensive than 39.1% of the neighborhoods in New Mexico and 27.9% of the neighborhoods in the U.S.

The average rental price in Ricketts Park is currently $1,501, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 50.8% of New Mexico neighborhoods.

Ricketts Park is a suburban neighborhood (based on population density) located in Farmington, New Mexico.

Ricketts Park 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 occupied by a mixture of owners and renters. Many of the residences in the Ricketts Park neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Ricketts Park has a 10.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 62.1% 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.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Modes of Transportation

Our research reveals that 95.8% of commuters who live in the Ricketts Park neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 99.6% of U.S. neighborhoods.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Ricketts Park neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 20.2% of its workforce, this neighborhood has a greater concentration of government workers than 99.0% of U.S. neighborhoods.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Ricketts Park neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Ricketts Park neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 67.6% 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 98.1% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Real Estate

The real estate in this neighborhood consists of more mobile homes than 97.8% of all neighborhoods in America, with 40.3% 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.

People

One of the unique characteristics of the Ricketts Park neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 97.0% of the neighborhoods in America.

Diversity

Did you know that the Ricketts Park neighborhood has more Native American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.8% of this neighborhood's residents have Native American ancestry.

Ricketts Park is also pretty special linguistically. Significantly, 14.8% of its residents five years old and above primarily speak Native American languages at home. While this may seem like a small percentage, it is higher than 99.8% of the neighborhoods in America.

The Neighbors

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 Ricketts Park neighborhood in Farmington are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.0% of U.S. neighborhoods. With 49.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 93.7% 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 Ricketts Park neighborhood, 31.5% 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 executive, management, and professional occupations, with 31.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (20.6%), and 20.2% in government jobs, whether they are in local, state, or federal positions.

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 Ricketts Park neighborhood is English, spoken by 66.9% of households. Other important languages spoken here include Spanish and Native American languages.

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 Ricketts Park neighborhood in Farmington, NM, residents most commonly identify their ethnicity or ancestry as Mexican (28.1%). There are also a number of people of Native American ancestry (12.8%), and residents who report English roots (11.2%), and some of the residents are also of German ancestry (6.2%), along with some Spanish ancestry residents (4.8%), 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 Ricketts Park neighborhood spend under 15 minutes commuting one-way to work (67.6% of working residents), one of the shortest commutes across America.

Here most residents (95.8%) 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.


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