Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 462 people, 218 houses or apartments, and a median cost of homes of $455,118, Tijeras real estate is some of the most expensive in New Mexico, although Tijeras home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Tijeras, accounting for 74.06% of the village's housing units. Other types of housing that are prevalent in Tijeras include mobile homes or trailers ( 19.25%), duplexes, homes converted to apartments or other small apartment buildings ( 3.35%), and a few row houses and other attached homes ( 3.35%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tijeras. Owner-occupied housing accounts for 76.61% of Tijeras's homes, and 69.87% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Tijeras built from 1970 to 1999 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 Tijeras built between 1940-1969 ( 17.99%). A lesser amount of the housing stock also hails from before 1939 ( 7.95%). There's also some housing in Tijeras built between 2000 and later ( 2.93%).
Real estate appreciation rates in Tijeras's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.90% during the period.
Appreciation rates are so strong in Tijeras that despite a nationwide downturn in the housing market, Tijeras real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tijeras appreciation rates continue to be some of the highest in America, at 8.26%, which is higher than appreciation rates in 87.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tijeras. Tijeras appreciation rates in the latest quarter were at 0.76%, which equates to an annual appreciation rate of 3.06%.
Relative to New Mexico, our data show that Tijeras's latest annual appreciation rate is higher than 80% of the other cities and towns in New Mexico.
$455,118
for New mexico
for nation
218
$1,993 / per month