Taos appreciation rates and housing market information

Taos housing market information

With 4,810 people, 2,580 houses or apartments, and a median cost of homes of $290,070, Taos real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Taos, accounting for 58.49% of the town's housing units. Other types of housing that are prevalent in Taos include duplexes, homes converted to apartments, or other small apartment buildings (13.99%), mobile homes or trailers (10.93%), large apartment complexes or high rise apartments (8.72%), and a few row houses and other attached homes (7.44%).

People in Taos primarily live in small (one, two, or no bedroom) single-family detached homes. Taos has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Taos built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Taos built from 1940-1969 (21.05%). A lesser amount of the housing stock also hails from 1939 and earlier (14.89%), and some were built from 1995 and later (14.89%).

Vacant housing appears to be an issue in Taos. Fully 18.22% of the housing stock is classified as vacant. Left unchecked, vacant Taos homes and apartments can be a drag on the real estate market, holding Taos real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Taos home appreciation rates

Appreciation rates for homes in Taos have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 100.58%, which ranks in the top 20% nationwide. This equates to an annual average Taos house appreciation rate of 10.05%.

NeighborhoodScout's data show that during the latest twelve months, Taos home appreciation rates, at 2.50%, have been at or slightly above the national average. In the latest quarter, Taos's appreciation rate has been 0.20%, which annualizes to a rate of 0.80%.

Relative to New Mexico, our data show that Taos's latest annual appreciation rate is higher than 76% of the other cities and towns in New Mexico.