Sunland Park, NM
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sunland Park, NM Real Estate Data


Sunland Park Housing Market Information

With 15,940 people, 3,855 houses or apartments, and a median cost of homes of $94,598, house prices in Sunland Park are solidly below the national average.

Single-family detached homes are the single most common housing type in Sunland Park, accounting for 60.83% of the city's housing units. Other types of housing that are prevalent in Sunland Park include mobile homes or trailers ( 25.17%), large apartment complexes or high rise apartments ( 5.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.38%).

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 67.51% of Sunland Park's homes, and 68.65% 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 ( 22.24%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.65%). There's also some housing in Sunland Park built before 1939 ( 1.47%).

Sunland Park Home Appreciation Rates

Real estate appreciation rates in Sunland Park's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.06% during the period.

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 3.04%, 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 1.53%, which equates to an annual appreciation rate of 6.25%.

Relative to New Mexico, our data show that Sunland Park's latest annual appreciation rate is lower than 60% of the other cities and towns in New Mexico.

Average Home Values

 

Median Home Value:
$94,598

Sunland Park, NM HOME PRICES

Value Range
> $991,000 0.0
$743,001 - $991,000 0.0
$496,001 - $743,000 1.2
$396,001 - $496,000 0.4
$297,001 - $396,000 1.8
$199,001 - $297,000 6.2
$99,001 - $199,000 33.2
$49,001 - $99,000 34.3
$0 - $49,000 22.9

Low for NM
Very Low for Nation

Value Relative to Nation Value Relative to State
82.4325115652632 73.2758620689655

Number Of Homes And Apartments:
3,855

Rent & Ownership

 

Average Market Rent:
$589 / per month

Homeownership Rate

Homeownership
Owners 67.51
Renters 32.49
Vacant 5.79

Housing Market Details

 

Age of Homes

AGE OF Sunland Park HOMES
2000 or Newer 22.2
1970 - 1999 67.6
1940 - 1969 8.7
1939 or Older 1.5

Types of Homes

TYPE OF Sunland Park HOMES
Single-Family 60.8
Townhomes 3.1
Small Apt. Buildings 5.4
Apt. Complexes 5.5
Mobile Homes 25.2
Other 0.0

Home Size

SIZE OF Sunland Park HOMES
No Bedroom 1.37
1 Bedroom 8.41
2 Bedrooms 19.31
3 Bedrooms 49.71
4 Bedrooms 18.94
5 or more bedrooms 2.27

Sunland Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NM*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
50.56% 2.44% 5 6
* 10 is highest

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