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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Taos, NM Real Estate Market

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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Taos, NM Housing Market Trends

With 6,442 people, 2,536 houses or apartments, and a median cost of homes of $522,740, 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 56.56% 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 ( 18.62%), large apartment complexes or high rise apartments ( 13.01%), and a few mobile homes or trailers ( 5.99%).

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 ( 17.00%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.68%). There's also some housing in Taos built before 1939 ( 10.96%).

Vacant housing appears to be an issue in Taos. Fully 31.57% 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.

Taos Home Appreciation Rates

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 5.63% during the period.

Appreciation rates are so strong in Taos that despite a nationwide downturn in the housing market, Taos real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Taos appreciation rates continue to be some of the highest in America, at 9.27%, which is higher than appreciation rates in 93.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Taos. Taos appreciation rates in the latest quarter were at 4.05%, which equates to an annual appreciation rate of 17.22%.

Relative to New Mexico, our data show that Taos's latest annual appreciation rate is higher than 90% of the other cities and towns in New Mexico.

Average Home Values

Median Home Value

$522,740

Taos, NM Home Prices
> $1,394,000
$1,045,001 - $1,394,000
$697,001 - $1,045,000
$558,001 - $697,000
$418,001 - $558,000
$279,001 - $418,000
$139,001 - $279,000
$70,001 - $139,000
$0 - $70,000
5.6%
5.6%
3.8%
3.8%
12.0%
12.0%
10.1%
10.1%
22.9%
22.9%
26.1%
26.1%
11.5%
11.5%
2.8%
2.8%
5.3%
5.3%
0% 100.0%
% of Homes
Very High

for New mexico

Very High

for nation

Number of Homes And Apartments:

2,536

Taos Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,712 / per month

Homeownership Rate

Owners
Renters
Vacant
60.9%
60.9%
39.1%
39.1%
31.6%
31.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
14.7%
14.7%
57.4%
57.4%
17.0%
17.0%
11.0%
11.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
56.6%
56.6%
5.8%
5.8%
18.6%
18.6%
13.0%
13.0%
6.0%
6.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
14.1%
14.1%
11.1%
11.1%
38.8%
38.8%
30.4%
30.4%
3.3%
3.3%
2.3%
2.3%
0% 100.0%
% of Homes

Popular Neighborhoods in Taos

Zip Codes in Taos, NM