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 Q3 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:
$170,042

Number Of Homes And Apartments:
762,551

New Mexico Home Prices

Value Range
> $1,132,994 0.8
$849,654 - $1,132,994 0.8
$566,527 - $849,653 2.5
$453,162 - $566,526 2.9
$339,849 - $453,161 7.2
$226,406 - $339,848 18.3
$113,367 - $226,405 37.6
$56,654 - $113,366 16.2
$0 - $56,653 13.5

New Mexico Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q2 - 2018 Q3
-0.19% -0.77%
1
Last 12 Months:
2017 Q3 - 2018 Q3
2.58% 2.58%
1
Last 2 Years:
2016 Q3 - 2018 Q3
7.37% 3.62%
3
Last 5 Years:
2013 Q3 - 2018 Q3
15.01% 2.84%
2
Last 10 Years:
2008 Q3 - 2018 Q3
1.66% 0.16%
2
Since 2000:
2000 Q1 - 2018 Q3
63.67% 2.70%
4
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,028 / 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