Bosque Farms, NM
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bosque Farms, NM Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bosque Farms Housing Market Information

With a population of 3,838, 1,408 total housing units (homes and apartments), and a median house value of $206,744, 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 69.04% of the village's housing units. Other types of housing that are prevalent in Bosque Farms include mobile homes or trailers ( 28.81%), row houses and other attached homes ( 1.68%).

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 82.54% 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 ( 28.21%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.25%). There's also some housing in Bosque Farms built before 1939 ( 2.15%).

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 -0.36% during the period.

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 7.07%, which is higher than appreciation rates in 81.75% 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 0.49%, which equates to an annual appreciation rate of 1.99%.

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.

Average Home Values

 

Median Home Value:
$206,744

Bosque Farms, NM HOME PRICES

Value Range
> $1,079,000 0.0
$809,001 - $1,079,000 0.0
$539,001 - $809,000 3.3
$432,001 - $539,000 4.2
$323,001 - $432,000 8.5
$216,001 - $323,000 28.6
$108,001 - $216,000 29.3
$54,001 - $108,000 21.1
$0 - $54,000 5.0

Very High for NM
High for Nation

Value Relative to Nation Value Relative to State
30.5812727059651 14.6551724137931

Number Of Homes And Apartments:
1,408

Bosque Farms Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NM*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
43.82% 2.13% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,285 / per month

Homeownership Rate

Homeownership
Owners 90.63
Renters 9.38
Vacant 5.44

Housing Market Details

 

Age of Homes

AGE OF Bosque Farms HOMES
2000 or Newer 6.2
1970 - 1999 63.4
1940 - 1969 28.2
1939 or Older 2.1

Types of Homes

TYPE OF Bosque Farms HOMES
Single-Family 69.0
Townhomes 1.7
Small Apt. Buildings 0.5
Apt. Complexes 0.0
Mobile Homes 28.8
Other 0.0

Home Size

SIZE OF Bosque Farms HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 12.96
3 Bedrooms 61.05
4 Bedrooms 21.49
5 or more bedrooms 4.50

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Zip Codes in Bosque Farms, NM