Bosque Farms, NM
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bosque Farms, NM Real Estate Data


Bosque Farms Housing Market Information

With a population of 3,838, 1,484 total housing units (homes and apartments), and a median house value of $205,280, Bosque Farms real estate is some of the most expensive in New Mexico, although Bosque Farms home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Bosque Farms, accounting for 72.45% of the village's housing units. Other types of housing that are prevalent in Bosque Farms include mobile homes or trailers ( 24.32%), row houses and other attached homes ( 2.77%).

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 90.63% of Bosque Farms's homes, and 82.32% 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 1940-1969 ( 26.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.74%). There's also some housing in Bosque Farms built before 1939 ( 4.77%).

Bosque Farms Home Appreciation Rates

Real estate appreciation rates in Bosque Farms's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.33% during the period.

Over the last year, Bosque Farms appreciation rates have trailed the rest of the nation. In the last twelve months, Bosque Farms's appreciation rate has been 3.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bosque Farms were at 1.81%, which equates to an annual appreciation rate of 7.45%.

Relative to New Mexico, our data show that Bosque Farms's latest annual appreciation rate is lower than 50% of the other cities and towns in New Mexico.

Average Home Values

 

Median Home Value:
$205,280

Bosque Farms, NM HOME PRICES

Value Range
> $1,036,000 0.0
$777,001 - $1,036,000 0.0
$518,001 - $777,000 0.8
$414,001 - $518,000 4.1
$311,001 - $414,000 13.3
$207,001 - $311,000 29.7
$104,001 - $207,000 28.1
$52,001 - $104,000 17.1
$0 - $52,000 6.9

Very High for NM
High for Nation

Value Relative to Nation Value Relative to State
31.7561632605259 14.6551724137931

Number Of Homes And Apartments:
1,484

Rent & Ownership

 

Average Market Rent:
$998 / per month

Homeownership Rate

Homeownership
Owners 90.63
Renters 9.37
Vacant 4.26

Housing Market Details

 

Age of Homes

AGE OF Bosque Farms HOMES
2000 or Newer 7.7
1970 - 1999 60.6
1940 - 1969 26.9
1939 or Older 4.8

Types of Homes

TYPE OF Bosque Farms HOMES
Single-Family 72.5
Townhomes 2.8
Small Apt. Buildings 0.5
Apt. Complexes 0.0
Mobile Homes 24.3
Other 0.0

Home Size

SIZE OF Bosque Farms HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 11.87
3 Bedrooms 64.77
4 Bedrooms 17.55
5 or more bedrooms 5.81

Bosque Farms Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NM*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
39.94% 2.00% 3 5
* 10 is highest

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