New Mexico
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA






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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (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:
$186,797

Number Of Homes And Apartments:
776,169

New Mexico Home Prices

> $1,178,774
1.1%
1.1%
$884,378 - $1,178,774
1.0%
1.0%
$589,455 - $884,377
2.6%
2.6%
$471,749 - $589,454
3.2%
3.2%
$353,668 - $471,748
8.1%
8.1%
$235,804 - $353,667
19.0%
19.0%
$117,900 - $235,803
37.3%
37.3%
$58,983 - $117,899
15.4%
15.4%
$0 - $58,982
12.4%
12.4%
0.0% 100.0%
% OF HOMES

New Mexico Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q2 - 2020 Q3
2.00% 8.24%
6
Last 12 Months:
2019 Q3 - 2020 Q3
5.54% 5.54%
8
Last 2 Years:
2018 Q3 - 2020 Q3
11.90% 5.78%
10
Last 5 Years:
2015 Q3 - 2020 Q3
23.56% 4.32%
4
Last 10 Years:
2010 Q3 - 2020 Q3
21.05% 1.93%
2
Since 2000:
2000 Q1 - 2020 Q3
82.75% 2.98%
4
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,147 / per month

Homeownership Rate

Owners
66.2%
66.2%
Renters
33.8%
33.8%
Vacant
16.8%
16.8%
0.0% 100.0%
% OF HOMES

Housing Details

Age of Homes

2000 or Newer
19.2%
19.2%
1970 - 1999
52.4%
52.4%
1940 - 1969
24.0%
24.0%
1939 or Older
4.5%
4.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
64.3%
64.3%
Townhomes
3.5%
3.5%
Small Apt. Buildings
5.7%
5.7%
Apt. Complexes
9.4%
9.4%
Mobile Homes
17.0%
17.0%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.9%
2.9%
1 Bedroom
8.7%
8.7%
2 Bedrooms
25.0%
25.0%
3 Bedrooms
46.9%
46.9%
4 Bedrooms
14.1%
14.1%
5 or more bedrooms
2.3%
2.3%
0.0% 100.0%
% OF HOMES