New Mexico
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

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 Q4 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Average Home Values

Median Home Value:
$165,190

Number Of Homes And Apartments:
762,551

New Mexico Home Prices

Value Range
> $1,091,000 0.6
$818,001 - $1,091,000 1.1
$545,001 - $818,000 3.1
$436,001 - $545,000 3.5
$327,001 - $436,000 8.2
$218,001 - $327,000 19.5
$109,001 - $218,000 36.3
$55,001 - $109,000 14.7
$0 - $55,000 12.5

New Mexico Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q3 - 2017 Q4
0.18% 0.71%
2
Last 12 Months:
2016 Q4 - 2017 Q4
3.73% 3.73%
3
Last 2 Years:
2015 Q4 - 2017 Q4
8.34% 4.08%
4
Last 5 Years:
2012 Q4 - 2017 Q4
13.06% 2.48%
2
Last 10 Years:
2007 Q4 - 2017 Q4
-3.58% -0.36%
2
Since 2000:
2000 Q1 - 2017 Q4
60.51% 2.70%
4
* 10 is highest


Rent & Homeownership

Average Market Rent:
$1,002 / per month

Homeownership Rate

Homeownership
Owners 66.37
Renters 33.63
Vacant 16.43

Housing Details

Age of Homes

AGE OF New Mexico HOMES
2000 or Newer 18.4
1970 - 1999 52.4
1940 - 1969 24.3
1939 or Older 4.9

Types of Homes

TYPE OF New Mexico HOMES
Single-Family 64.7
Townhomes 3.7
Small Apt. Buildings 5.5
Apt. Complexes 9.5
Mobile Homes 16.5
Other 0.2

Home Size

SIZE OF New Mexico HOMES
No Bedroom 2.88
1 Bedroom 8.93
2 Bedrooms 25.26
3 Bedrooms 46.83
4 Bedrooms 13.79
5 or more bedrooms 2.31