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 6,063 people, 2,585 houses or apartments, and a median cost of homes of $450,423, Los Ranchos de Albuquerque house prices are not only among the most expensive in New Mexico, Los Ranchos de Albuquerque 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 Ranchos de Albuquerque, accounting for 73.16% of the village's housing units. Other types of housing that are prevalent in Los Ranchos de Albuquerque include large apartment complexes or high rise apartments ( 14.27%), mobile homes or trailers ( 7.68%), and a few row houses and other attached homes ( 3.45%).
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 Ranchos de Albuquerque. Owner-occupied housing accounts for 68.42% of Los Ranchos de Albuquerque's homes, and 61.41% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Los Ranchos de Albuquerque 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 Ranchos de Albuquerque built between 1940-1969 ( 26.43%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.82%). There's also some housing in Los Ranchos de Albuquerque built before 1939 ( 7.20%).
Vacant housing appears to be an issue in Los Ranchos de Albuquerque. Fully 10.92% of the housing stock is classified as vacant. Left unchecked, vacant Los Ranchos de Albuquerque homes and apartments can be a drag on the real estate market, holding Los Ranchos de Albuquerque 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.
Real estate appreciation rates in Los Ranchos de Albuquerque's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.28% during the period.
NeighborhoodScout's data show that during the latest twelve months, Los Ranchos de Albuquerque's appreciation rate, at 4.54%, has been at or slightly above the national average. In the latest quarter, Los Ranchos de Albuquerque's appreciation rate has been 0.49%, which annualizes to a rate of 1.99%.
Relative to New Mexico, our data show that Los Ranchos de Albuquerque's latest annual appreciation rate is lower than 60% of the other cities and towns in New Mexico.
|$811,001 - $1,082,000||4.8|
|$541,001 - $811,000||10.5|
|$433,001 - $541,000||8.4|
|$325,001 - $433,000||16.3|
|$216,001 - $325,000||22.6|
|$108,001 - $216,000||19.4|
|$54,001 - $108,000||4.3|
|$0 - $54,000||6.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Los Ranchos de Albuquerque HOMES|
|2000 or Newer||9.8|
|1970 - 1999||56.5|
|1940 - 1969||26.4|
|1939 or Older||7.2|
|TYPE OF Los Ranchos de Albuquerque HOMES|
|Small Apt. Buildings||1.4|
|SIZE OF Los Ranchos de Albuquerque HOMES|
|5 or more bedrooms||4.34|