Sunland Park, NM
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Sunland Park Neighborhoods Since 2000




Sunland Park, NM Real Estate 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

Sunland Park Housing Market Information

With 15,940 people, 3,957 houses or apartments, and a median cost of homes of $79,722, house prices in Sunland Park are some of the most affordable in New Mexico as well as the nation.

Single-family detached homes are the single most common housing type in Sunland Park, accounting for 58.23% of the city's housing units. Other types of housing that are prevalent in Sunland Park include mobile homes or trailers ( 26.89%), duplexes, homes converted to apartments or other small apartment buildings ( 6.02%), and a few large apartment complexes or high rise apartments ( 5.92%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sunland Park. Owner-occupied housing accounts for 65.96% of Sunland Park's homes, and 68.52% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sunland Park built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sunland Park built between 2000 and later ( 23.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.19%). There's also some housing in Sunland Park built before 1939 ( 1.32%).

Sunland Park Home Appreciation Rates

Sunland Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sunland Park during the period has been just -1.27%, which is lower than 70% of US communities.

Over the last year, Sunland Park appreciation rates have trailed the rest of the nation. In the last twelve months, Sunland Park's appreciation rate has been 1.43%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sunland Park were at 0.32%, which equates to an annual appreciation rate of 1.28%.

Relative to New Mexico, our data show that Sunland Park's latest annual appreciation rate is lower than 80% of the other cities and towns in New Mexico.

Average Home Values

 

Median Home Value:
$79,722

Sunland Park, NM HOME PRICES

Value Range
> $1,034,000 0.0
$776,001 - $1,034,000 0.0
$517,001 - $776,000 1.2
$414,001 - $517,000 0.1
$310,001 - $414,000 2.3
$207,001 - $310,000 5.8
$104,001 - $207,000 37.2
$52,001 - $104,000 33.8
$0 - $52,000 19.7

Very Low for NM
Very Low for Nation

Value Relative to Nation Value Relative to State
90.7242470409 85.3448275862069

Number Of Homes And Apartments:
3,957

Sunland Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NM*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
47.68% 2.29% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$750 / per month

Homeownership Rate

Homeownership
Owners 65.96
Renters 34.04
Vacant 6.98

Housing Market Details

 

Age of Homes

AGE OF Sunland Park HOMES
2000 or Newer 24.0
1970 - 1999 65.5
1940 - 1969 9.2
1939 or Older 1.3

Types of Homes

TYPE OF Sunland Park HOMES
Single-Family 58.2
Townhomes 2.7
Small Apt. Buildings 6.0
Apt. Complexes 5.9
Mobile Homes 26.9
Other 0.3

Home Size

SIZE OF Sunland Park HOMES
No Bedroom 1.53
1 Bedroom 7.33
2 Bedrooms 20.33
3 Bedrooms 49.98
4 Bedrooms 18.55
5 or more bedrooms 2.28

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Zip Codes in Sunland Park, NM