South Valley appreciation rates and housing market information

South Valley housing market information

With 39,252 people, 13,737 houses or apartments, and a median cost of homes of $178,073, South Valley real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in South Valley, accounting for 74.27% of the town's housing units. Other types of housing that are prevalent in South Valley include mobile homes or trailers (14.31%), row houses and other attached homes (4.33%), duplexes, homes converted to apartments, or other small apartment buildings (3.95%), and a few large apartment complexes or high rise apartments (3.14%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in South Valley. Owner-occupied housing accounts for 69.80% of South Valley's homes, and 56.17% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. South Valley's housing was primarily built during this period, from the '40s through the '60s. A full 50.11% of the town's housing hails from this era. Other housing ages represented in South Valley include homes built between 1970-1994 (34.23%), and housing constructed from 1995 and later (8.47%). There's also some housing in South Valley built between 1939 and earlier (7.19%).

South Valley home appreciation rates

Real estate appreciation rates in South Valley have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.18% during the period.

Over the last year, South Valley appreciation rates have trailed the rest of the nation. In the last twelve months, South Valley's appreciation rate has been -2.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in South Valley were at -0.31%, which equates to an annual appreciation rate of -1.24%.

Relative to New Mexico, our data show that South Valley's latest annual appreciation rate is higher than 31% of the other cities and towns in New Mexico.