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New Mexico
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






New Mexico Real Estate Market & Appreciation

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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value:
$224,136

Number Of Homes And Apartments:
792,755

New Mexico Home Prices

> $1,326,867
$995,014 - $1,326,867
$663,159 - $995,013
$531,001 - $663,158
$398,001 - $531,000
$265,467 - $398,000
$132,630 - $265,466
$66,402 - $132,629
$0 - $66,401
1.1%
1.1%
1.1%
1.1%
3.3%
3.3%
3.9%
3.9%
8.7%
8.7%
21.3%
21.3%
36.0%
36.0%
13.6%
13.6%
11.0%
11.0%
0.0% 100.0%
% OF HOMES

New Mexico Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q4 - 2022 Q1
3.02% 12.65%
6
Last 12 Months:
2021 Q1 - 2022 Q1
17.37% 17.37%
5
Last 2 Years:
2020 Q1 - 2022 Q1
27.20% 12.78%
6
Last 5 Years:
2017 Q1 - 2022 Q1
45.96% 7.86%
6
Last 10 Years:
2012 Q1 - 2022 Q1
57.81% 4.67%
4
Since 2000:
2000 Q1 - 2022 Q1
123.79% 3.73%
4
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,298 / per month

Homeownership Rate

Owners
Renters
Vacant
66.6%
66.6%
33.4%
33.4%
16.0%
16.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
19.8%
19.8%
52.2%
52.2%
23.5%
23.5%
4.4%
4.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.5%
64.5%
3.5%
3.5%
5.6%
5.6%
9.5%
9.5%
16.7%
16.7%
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.1%
3.1%
8.6%
8.6%
24.6%
24.6%
47.1%
47.1%
14.3%
14.3%
2.3%
2.3%
0.0% 100.0%
% OF HOMES