Raton, NM
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Raton Neighborhoods Since 2000




Raton, 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

Raton Housing Market Information

With 6,187 people, 2,873 houses or apartments, and a median cost of homes of $99,297, house prices in Raton are solidly below the national average.

Single-family detached homes are the single most common housing type in Raton, accounting for 65.26% of the city's housing units. Other types of housing that are prevalent in Raton include mobile homes or trailers ( 22.37%), duplexes, homes converted to apartments or other small apartment buildings ( 5.92%), and a few large apartment complexes or high rise apartments ( 4.54%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Raton. Owner-occupied housing accounts for 65.69% of Raton's homes, and 51.09% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Raton 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 Raton built between 1940-1969 ( 35.09%). A lesser amount of the housing stock also hails from before 1939 ( 18.88%). There's also some housing in Raton built between 2000 and later ( 6.94%).

Vacant housing appears to be an issue in Raton. Fully 22.75% of the housing stock is classified as vacant. Left unchecked, vacant Raton homes and apartments can be a drag on the real estate market, holding Raton 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.

Raton Home Appreciation Rates

Raton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Raton during the period has been just -1.19%, which is lower than 70% of US communities.

Over the last year, Raton appreciation rates have trailed the rest of the nation. In the last twelve months, Raton's appreciation rate has been -4.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Raton were at 1.52%, which equates to an annual appreciation rate of 6.23%.

Relative to New Mexico, our data show that Raton's latest annual appreciation rate is lower than 90% of the other cities and towns in New Mexico.

Average Home Values

 

Median Home Value:
$99,297

Raton, NM HOME PRICES

Value Range
> $976,000 0.5
$732,001 - $976,000 0.5
$488,001 - $732,000 0.9
$390,001 - $488,000 0.9
$293,001 - $390,000 3.0
$195,001 - $293,000 9.3
$98,001 - $195,000 35.4
$49,001 - $98,000 34.5
$0 - $49,000 15.0

Low for NM
Low for Nation

Value Relative to Nation Value Relative to State
78.0294152115317 66.3793103448276

Number Of Homes And Apartments:
2,873

Raton 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
32.57% 1.65% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$733 / per month

Homeownership Rate

Homeownership
Owners 65.69
Renters 34.31
Vacant 22.75

Housing Market Details

 

Age of Homes

AGE OF Raton HOMES
2000 or Newer 6.9
1970 - 1999 39.1
1940 - 1969 35.1
1939 or Older 18.9

Types of Homes

TYPE OF Raton HOMES
Single-Family 65.3
Townhomes 1.9
Small Apt. Buildings 5.9
Apt. Complexes 4.5
Mobile Homes 22.4
Other 0.0

Home Size

SIZE OF Raton HOMES
No Bedroom 0.70
1 Bedroom 10.92
2 Bedrooms 33.18
3 Bedrooms 41.06
4 Bedrooms 10.03
5 or more bedrooms 4.11

Popular Neighborhoods in Raton

Popular Communities Near Raton, NM

Zip Codes in Raton, NM