Los Lunas, NM
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Los Lunas Neighborhoods Since 2000




Los Lunas, 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

Los Lunas Housing Market Information

With 15,336 people, 5,557 houses or apartments, and a median cost of homes of $177,411, Los Lunas real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Los Lunas, accounting for 71.91% of the village's housing units. Other types of housing that are prevalent in Los Lunas include mobile homes or trailers ( 12.60%), row houses and other attached homes ( 5.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.56%).

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 Lunas. Owner-occupied housing accounts for 78.90% of Los Lunas's homes, and 77.19% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Los Lunas 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 Los Lunas built between 2000 and later ( 39.86%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.90%). There's also some housing in Los Lunas built before 1939 ( 1.24%).

Los Lunas Home Appreciation Rates

Los Lunas's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Los Lunas during the period has been just -1.01%, which is lower than 70% of US communities.

Over the last year, Los Lunas appreciation rates have trailed the rest of the nation. In the last twelve months, Los Lunas's appreciation rate has been 2.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Los Lunas were at 0.49%, which equates to an annual appreciation rate of 1.99%.

Relative to New Mexico, our data show that Los Lunas's latest annual appreciation rate is lower 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 village. Individual neighborhoods within Los Lunas differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Los Lunas - 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 Lunas real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$177,411

Los Lunas, NM HOME PRICES

Value Range
> $1,064,000 0.3
$798,001 - $1,064,000 0.2
$531,001 - $798,000 1.3
$425,001 - $531,000 1.5
$319,001 - $425,000 6.5
$213,001 - $319,000 21.1
$106,001 - $213,000 51.3
$53,001 - $106,000 13.5
$0 - $53,000 4.3

High for NM
High for Nation

Value Relative to Nation Value Relative to State
39.0278917145201 24.1379310344828

Number Of Homes And Apartments:
5,557

Los Lunas 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
35.04% 1.76% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$893 / per month

Homeownership Rate

Homeownership
Owners 78.90
Renters 21.10
Vacant 9.08

Housing Market Details

 

Age of Homes

AGE OF Los Lunas HOMES
2000 or Newer 39.9
1970 - 1999 52.0
1940 - 1969 6.9
1939 or Older 1.2

Types of Homes

TYPE OF Los Lunas HOMES
Single-Family 71.9
Townhomes 5.6
Small Apt. Buildings 5.6
Apt. Complexes 4.4
Mobile Homes 12.6
Other 0.0

Home Size

SIZE OF Los Lunas HOMES
No Bedroom 0.28
1 Bedroom 3.37
2 Bedrooms 14.82
3 Bedrooms 58.08
4 Bedrooms 19.11
5 or more bedrooms 4.34