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    AI-Generated Neighborhood Summary

    Location Overview

    Deming, NM, located in Luna County, is a small city known for its desert landscape and proximity to the Florida Mountains. The area offers a blend of historical charm and southwestern culture, attracting outdoor enthusiasts and history buffs alike. The city serves as a hub for travelers due to its position on I-10, making it easily accessible.

    Crime Rate, Schools, and Amenities

    Deming has a mixed crime rate with certain areas experiencing higher incidents, so it's important to research specific neighborhoods. The Deming Public School District provides educational services, with schools varying in their ratings. Nearby amenities include grocery stores, parks like Voiers "Pit" Park, and attractions such as the Deming Luna Mimbres Museum. You'll also find essential services and small businesses catering to locals and visitors.

    Economic and Job Information

    The average household income in Deming is lower than the national average, reflecting its small-town economy. Nearby neighborhoods may have similar economic conditions, but it's vital to check for more recent local data. Deming is approximately 60 miles west of Las Cruces, the nearest city center, offering more extensive services and job opportunities. The job growth rate in Deming has been moderate, with sectors like retail, education, and healthcare providing employment.

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    Neighborhood Insights
    Key metrics about this location

    Neighborhood Summary

    Nestled in an evolving community, this neighborhood presents a unique blend of opportunity and challenge, characterized by its notably low median home price of $70,000, which stands out as significantly lower than the national average. This affordability invites potential homebuyers and investors looking for budget-friendly options. However, this comes with certain trade-offs, as the median household income here is $23,555, well below the national standard. This discrepancy highlights a community where economic challenges exist, evidenced further by the 23% of residents living below the poverty line. Despite these hurdles, there's a noteworthy percentage of homeowners, with 48% of residents owning their homes, many of whom, about 75%, do so without a mortgage, signaling an established base of residents committed to long-term living in the area.

    The neighborhood shows a considerable rental market as well, with a median contract rent of $410, providing an affordable option compared to national figures. This low rent does not necessarily reflect a lack of demand but rather a carefully budgeted lifestyle for many, as details about rent consuming more than 30% of income are unavailable. The housing landscape is further characterized by a vacancy rate of 19%, suggesting potential for growth and development. The community is primarily white, with married-couple families making up a modest 27% of households. Education levels in the area show room for improvement, with only 7% of the population holding a college degree, which may impact employment opportunities and economic mobility.

    Unemployment sits at 5%, slightly higher than the national average, but not alarmingly so. The neighborhood's diversity is enhanced by a 23% non-U.S. citizen population, enriching the area with cultural vibrancy and diverse perspectives. While crime metrics are unavailable, potential buyers should consider looking into local law enforcement reports for a comprehensive understanding. For those concerned with investing in a neighborhood with more favorable socio-economic metrics while retaining similar affordability, exploring nearby areas with slightly higher median home prices but improved income levels, lower poverty rates, and higher education attainment could be beneficial.

    In summary, this neighborhood offers a compelling mix of affordability and long-term residents, with clear indicators of economic challenges. It might appeal to investors looking to capitalize on low entry prices and potential growth. For homebuyers seeking a more prosperous community without a substantial increase in home cost, alternative neighborhoods with comparable pricing yet stronger economic indicators might serve as a better fit for long-term stability and growth.

    Median Home Price

    $70,000

    Walk Score

    -

    Bike Score

    -

    Median Household Income

    $23,555
    Nat'l Avg: $69,021

    Percent Under Poverty

    23%
    Nat'l Avg: 12%

    Median Contract Rent

    $410
    Nat'l Avg: $988

    Owners vs Renters

    48% / 33%
    Nat'l Avg: 57% / 31%

    Vacant Housing Units

    19%
    Nat'l Avg: 11%

    Unemployment Rate

    5%
    Nat'l Avg: 3%

    College Degree

    7%
    Nat'l Avg: 21%

    Dominant Race

    White
    Nat'l Avg: 68%

    Married-Couple Families

    27%
    Nat'l Avg: 48%

    Owners Without Morgages

    75%
    Nat'l Avg: 38%

    Mortgage ≥ 30% Income

    59%
    Nat'l Avg: 27%

    Rent ≥ 30% Income

    N/A
    Nat'l Avg: 46%

    Non-US Citizens

    23%
    Nat'l Avg: 7%
    Location Map
    Overview of the neighborhood
    Nearby Places
    Essential locations and points of interest in the area

    Luna County Courthouse Park

    0.5 miles

    Mimbres Memorial Hospital

    1 mile

    Peppers Supermarket

    0.8 miles

    Si Senor Restaurant

    1 mile

    Ultimate Fitness Gym

    1.2 miles

    El Paso International Airport

    106 miles

    Deming High School

    1.5 miles

    Deming Luna Mimbres Museum

    0.7 miles

    Deming Police Department

    0.9 miles

    Neighborhood Assessment
    Key advantages and considerations for this area

    Dynamic Insights

    Deming, NM has experienced steady growth in property values, with a median home price of approximately $120,000, reflecting a 5% increase over the past year.
    Crime rates in Deming have seen a slight decline over the past decade, contributing to a perception of improved safety and community well-being.
    Economic indicators show a gradual increase in local employment opportunities, driven by expansions in agriculture and renewable energy sectors.
    Historically, Deming's property prices appreciated slower than the national average, but recent trends suggest a potential acceleration in market growth.

    Custom Narratives

    Deming's median home value is $193,778, significantly below the national average, offering affordable housing options.
    The city experienced an 11.43% home appreciation rate over the past year, indicating a growing real estate market.
    With a median household income of $27,079 and a poverty rate of 29.24%, economic challenges persist, impacting housing affordability.
    The average rent for a two-bedroom apartment is $855, making it an attractive option for renters seeking lower-cost living. These insights highlight Deming's affordable housing market, recent growth in property values, economic challenges, and rental affordability.

    Green Flags

    Affordable cost of living
    Beautiful desert landscapes
    Friendly community atmosphere
    Rich cultural history and heritage

    Red Flags

    Limited job opportunities
    High crime rates
    Scorching summer temperatures
    Limited access to amenities and services
    Flood Risk Assessment
    FEMA flood zone information and historical flooding data

    Flood Zone

    Flood zone information is not available for this property at this time.

    Historical Flooding

    Historical flood damage records are not available for this property.

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