Questa, NM
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Questa Neighborhoods Since 2000




Questa, 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

Questa Housing Market Information

With a population of 1,753, 733 total housing units (homes and apartments), and a median house value of $278,312, Questa real estate is some of the most expensive in New Mexico, although Questa home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Questa, accounting for 54.94% of the village's housing units. Other types of housing that are prevalent in Questa include mobile homes or trailers ( 36.43%), duplexes, homes converted to apartments or other small apartment buildings ( 5.52%), and a few large apartment complexes or high rise apartments ( 2.23%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Questa. Owner-occupied housing accounts for 67.94% of Questa's homes, and 64.24% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Questa 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 Questa built between 1940-1969 ( 25.39%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.96%). There's also some housing in Questa built before 1939 ( 4.36%).

Vacant housing appears to be an issue in Questa. Fully 28.97% of the housing stock is classified as vacant. Left unchecked, vacant Questa homes and apartments can be a drag on the real estate market, holding Questa 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.

Questa Home Appreciation Rates

Appreciation rates for homes in Questa have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.18%, which ranks in the top 50% nationwide. This equates to an annual average Questa house appreciation rate of 0.41%.

NeighborhoodScout's data show that during the latest twelve months, Questa's appreciation rate, at 4.60%, has been at or slightly above the national average. In the latest quarter, Questa's appreciation rate has been 1.52%, which annualizes to a rate of 6.23%.

Relative to New Mexico, our data show that Questa's latest annual appreciation rate is lower than 60% of the other cities and towns in New Mexico.

Average Home Values

 

Median Home Value:
$278,312

Questa, NM HOME PRICES

Value Range
> $1,056,000 0.8
$792,001 - $1,056,000 0.1
$528,001 - $792,000 13.5
$423,001 - $528,000 12.2
$317,001 - $423,000 11.1
$211,001 - $317,000 15.9
$106,001 - $211,000 25.4
$53,001 - $106,000 7.6
$0 - $53,000 13.5

Very High for NM
Very High for Nation

Value Relative to Nation Value Relative to State
18.6686979960155 6.03448275862069

Number Of Homes And Apartments:
733

Questa 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
59.34% 2.74% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,095 / per month

Homeownership Rate

Homeownership
Owners 67.94
Renters 32.06
Vacant 28.97

Housing Market Details

 

Age of Homes

AGE OF Questa HOMES
2000 or Newer 17.0
1970 - 1999 53.3
1940 - 1969 25.4
1939 or Older 4.4

Types of Homes

TYPE OF Questa HOMES
Single-Family 54.9
Townhomes 0.9
Small Apt. Buildings 5.5
Apt. Complexes 2.2
Mobile Homes 36.4
Other 0.0

Home Size

SIZE OF Questa HOMES
No Bedroom 0.97
1 Bedroom 10.27
2 Bedrooms 24.52
3 Bedrooms 53.39
4 Bedrooms 10.85
5 or more bedrooms 0.00

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Zip Codes in Questa, NM