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
With 11,840 people, 5,237 houses or apartments, and a median cost of homes of $375,077, Los Alamos house prices are not only among the most expensive in New Mexico, Los Alamos real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Los Alamos, accounting for 52.58% of the town's housing units. Other types of housing that are prevalent in Los Alamos include large apartment complexes or high rise apartments ( 18.68%), duplexes, homes converted to apartments or other small apartment buildings ( 13.38%), and a few row houses and other attached homes ( 12.31%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Los Alamos. Owner-occupied housing accounts for 65.30% of Los Alamos's homes, and 55.76% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Los Alamos's housing was primarily built during this period, from the '40s through the '60s. A full 48.97% of the town's housing hails from this era. Other housing ages represented in Los Alamos include homes built between 1970-1999 ( 35.23%) and housing constructed between 2000 and later ( 15.40%).
Vacant housing appears to be an issue in Los Alamos. Fully 11.78% of the housing stock is classified as vacant. Left unchecked, vacant Los Alamos homes and apartments can be a drag on the real estate market, holding Los Alamos 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.
Appreciation rates for homes in Los Alamos have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 23.44%, which ranks in the top 30% nationwide. This equates to an annual average Los Alamos house appreciation rate of 2.13%.
Appreciation rates are so strong in Los Alamos that despite a nationwide downturn in the housing market, Los Alamos real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Los Alamos appreciation rates continue to be some of the highest in America, at 12.72%, which is higher than appreciation rates in 96.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Los Alamos. Los Alamos appreciation rates in the latest quarter were at 3.72%, which equates to an annual appreciation rate of 15.74%.
Importantly, this makes Los Alamos one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to New Mexico, our data show that Los Alamos's latest annual appreciation rate is higher than 80% of the other cities and towns in New Mexico.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Los Alamos differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Los Alamos - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Los Alamos real estate investment or home purchase decisions.
|$970,001 - $1,293,000||1.7|
|$647,001 - $970,000||8.6|
|$517,001 - $647,000||11.1|
|$388,001 - $517,000||25.8|
|$259,001 - $388,000||21.7|
|$130,001 - $259,000||24.7|
|$65,001 - $130,000||3.4|
|$0 - $65,000||2.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
2000 Q1 - 2019 Q1
|* 10 is highest|
|AGE OF Los Alamos HOMES|
|2000 or Newer||15.4|
|1970 - 1999||35.2|
|1940 - 1969||49.0|
|1939 or Older||0.4|
|TYPE OF Los Alamos HOMES|
|Small Apt. Buildings||13.4|
|SIZE OF Los Alamos HOMES|
|5 or more bedrooms||6.50|