New Mexico
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Average Home Values

Median Home Value:
$162,262

Number Of Homes And Apartments:
763,603

New Mexico Home Prices

Value Range
> $1,072,000 0.9
$804,001 - $1,072,000 0.8
$536,001 - $804,000 2.7
$429,001 - $536,000 3.0
$322,001 - $429,000 7.2
$214,001 - $322,000 18.3
$107,001 - $214,000 36.8
$54,001 - $107,000 16.4
$0 - $54,000 13.9

New Mexico Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2016 Q4 - 2017 Q1
0.58% 2.35% 5
Last 12 Months:
2016 Q1 - 2017 Q1
4.44% 4.44% 5
Last 2 Years:
2015 Q1 - 2017 Q1
6.89% 3.39% 4
Last 5 Years:
2012 Q1 - 2017 Q1
10.16% 1.95% 2
Last 10 Years:
2007 Q1 - 2017 Q1
-4.95% -0.51% 3
Since 2000:
2000 Q1 - 2017 Q1
56.19% 2.66% 4
* 10 is highest

Rent & Homeownership

Average Market Rent:
$959 / per month

Homeownership Rate

Homeownership
Owners 66.65
Renters 33.35
Vacant 16.05

Housing Details

Age of Homes

AGE OF New Mexico HOMES
2000 or Newer 17.9
1970 - 1999 52.6
1940 - 1969 24.5
1939 or Older 5.0

Types of Homes

TYPE OF New Mexico HOMES
Single-Family 64.6
Townhomes 3.8
Small Apt. Buildings 5.5
Apt. Complexes 9.4
Mobile Homes 16.7
Other 0.2

Home Size

SIZE OF New Mexico HOMES
No Bedroom 2.83
1 Bedroom 9.14
2 Bedrooms 25.46
3 Bedrooms 46.53
4 Bedrooms 13.78
5 or more bedrooms 2.25