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 4,043 people, 1,569 houses or apartments, and a median cost of homes of $338,839, Bosque Farms real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Bosque Farms, accounting for 74.84% of the village's housing units. Other types of housing that are prevalent in Bosque Farms include mobile homes or trailers ( 24.29%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bosque Farms. Owner-occupied housing accounts for 90.89% of Bosque Farms's homes, and 85.40% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Bosque Farms 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 Bosque Farms built between 2000 and later ( 19.50%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.66%). There's also some housing in Bosque Farms built before 1939 ( 1.43%).
Appreciation rates for homes in Bosque Farms have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.73%, which ranks in the top 50% nationwide. This equates to an annual average Bosque Farms house appreciation rate of 6.56%.
Appreciation rates are so strong in Bosque Farms that despite a nationwide downturn in the housing market, Bosque Farms real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bosque Farms appreciation rates continue to be some of the highest in America, at 8.26%, which is higher than appreciation rates in 87.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bosque Farms. Bosque Farms 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 Bosque Farms's latest annual appreciation rate is higher than 80% of the other cities and towns in New Mexico.
$338,839
for New mexico
for nation
1,569
$1,357 / per month