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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 6,442, 2,886 total housing units (homes and apartments), and a median house value of $552,170, Taos house prices are not only among the most expensive in New Mexico, Taos real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Taos, accounting for 58.89% of the town's housing units. Other types of housing that are prevalent in Taos include duplexes, homes converted to apartments or other small apartment buildings ( 17.37%), large apartment complexes or high rise apartments ( 11.06%), and a few mobile homes or trailers ( 7.70%).
People in Taos primarily live in small (one, two or no bedroom) single-family detached homes. Taos has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Taos 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 Taos built between 1940-1969 ( 19.01%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.55%). There's also some housing in Taos built before 1939 ( 11.03%).
Vacant housing appears to be an issue in Taos. Fully 25.94% of the housing stock is classified as vacant. Left unchecked, vacant Taos homes and apartments can be a drag on the real estate market, holding Taos real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Taos's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.57% during the period.
NeighborhoodScout's data show that during the latest twelve months, Taos's appreciation rate, at 5.72%, has been at or slightly above the national average. In the latest quarter, Taos's appreciation rate has been -0.37%, which annualizes to a rate of -1.47%.
Relative to New Mexico, our data show that Taos's latest annual appreciation rate is lower than 60% of the other cities and towns in New Mexico.
$552,170
for New mexico
for nation
2,886
$1,706 / per month