New Mexico
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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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 2018. 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:
$165,792

Number Of Homes And Apartments:
762,551

New Mexico Home Prices

Value Range
> $1,104,514 0.8
$828,028 - $1,104,514 0.8
$552,107 - $828,027 2.5
$441,499 - $552,106 2.9
$331,243 - $441,498 7.2
$221,004 - $331,242 18.3
$110,403 - $221,003 37.6
$55,126 - $110,402 16.2
$0 - $55,125 13.5

New Mexico Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q1 - 2018 Q2
2.80% 11.69%
8
Last 12 Months:
2017 Q2 - 2018 Q2
4.76% 4.76%
4
Last 2 Years:
2016 Q2 - 2018 Q2
8.51% 4.17%
4
Last 5 Years:
2013 Q2 - 2018 Q2
15.04% 2.84%
2
Last 10 Years:
2008 Q2 - 2018 Q2
-0.56% -0.06%
2
Since 2000:
2000 Q1 - 2018 Q2
64.01% 2.75%
4
* 10 is highest


Rent & Homeownership

Average Market Rent:
$1,032 / 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