New Mexico
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Top Ten Highest Appreciating NM Cities Since 2000




New Mexico Real Estate Values & Housing Market 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 Q2 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

Average Home Values

Median Home Value:
$161,984

Number Of Homes And Apartments:
763,603

New Mexico Home Prices

Value Range
> $1,077,000 0.9
$808,001 - $1,077,000 0.8
$539,001 - $808,000 2.7
$431,001 - $539,000 3.0
$323,001 - $431,000 7.2
$215,001 - $323,000 18.3
$108,001 - $215,000 36.8
$54,001 - $108,000 16.4
$0 - $54,000 13.9

New Mexico Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q1 - 2017 Q2
0.80% 3.24% 2
Last 12 Months:
2016 Q2 - 2017 Q2
3.63% 3.63% 3
Last 2 Years:
2015 Q2 - 2017 Q2
6.82% 3.36% 3
Last 5 Years:
2012 Q2 - 2017 Q2
11.64% 2.23% 2
Last 10 Years:
2007 Q2 - 2017 Q2
-5.12% -0.52% 2
Since 2000:
2000 Q1 - 2017 Q2
56.98% 2.65% 4
* 10 is highest

Rent & Homeownership

Average Market Rent:
$956 / per month

Homeownership Rate

Homeownership
Owners 66.65
Renters 33.35
Vacant 16.05

Housing Details

Age of Homes

AGE OF New Mexico HOMES
2000 or Newer 17.9
1970 - 1999 52.6
1940 - 1969 24.5
1939 or Older 5.0

Types of Homes

TYPE OF New Mexico HOMES
Single-Family 64.6
Townhomes 3.8
Small Apt. Buildings 5.5
Apt. Complexes 9.4
Mobile Homes 16.7
Other 0.2

Home Size

SIZE OF New Mexico HOMES
No Bedroom 2.83
1 Bedroom 9.14
2 Bedrooms 25.46
3 Bedrooms 46.53
4 Bedrooms 13.78
5 or more bedrooms 2.25