Taos, NM
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Taos Neighborhoods Since 2000




Taos, 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

Taos Housing Market Information

With 5,740 people, 2,579 houses or apartments, and a median cost of homes of $211,208, Taos real estate is some of the most expensive in New Mexico, although Taos home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Taos, accounting for 49.94% 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 ( 21.30%), mobile homes or trailers ( 11.01%), and a few large apartment complexes or high rise apartments ( 9.36%).

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 ( 18.25%). A lesser amount of the housing stock also hails from before 1939 ( 18.19%). There's also some housing in Taos built between 2000 and later ( 17.34%).

Vacant housing appears to be an issue in Taos. Fully 25.07% 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 -0.80% during the period.

NeighborhoodScout's data show that during the latest twelve months, Taos's appreciation rate, at 4.44%, has been at or slightly above the national average. In the latest quarter, Taos's appreciation rate has been 1.52%, which annualizes to a rate of 6.23%.

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.

Average Home Values

 

Median Home Value:
$211,208

Taos, NM HOME PRICES

Value Range
> $1,064,000 2.2
$798,001 - $1,064,000 1.4
$532,001 - $798,000 3.2
$426,001 - $532,000 7.7
$319,001 - $426,000 17.8
$213,001 - $319,000 23.5
$106,001 - $213,000 25.4
$53,001 - $106,000 6.2
$0 - $53,000 12.6

Very High for NM
High for Nation

Value Relative to Nation Value Relative to State
29.6320168756592 12.0689655172414

Number Of Homes And Apartments:
2,579

Taos 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
38.97% 1.93% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,037 / per month

Homeownership Rate

Homeownership
Owners 47.71
Renters 52.29
Vacant 25.07

Housing Market Details

 

Age of Homes

AGE OF Taos HOMES
2000 or Newer 17.3
1970 - 1999 46.2
1940 - 1969 18.2
1939 or Older 18.2

Types of Homes

TYPE OF Taos HOMES
Single-Family 49.9
Townhomes 8.4
Small Apt. Buildings 21.3
Apt. Complexes 9.4
Mobile Homes 11.0
Other 0.0

Home Size

SIZE OF Taos HOMES
No Bedroom 5.03
1 Bedroom 20.31
2 Bedrooms 32.19
3 Bedrooms 33.82
4 Bedrooms 6.33
5 or more bedrooms 2.32

Popular Communities Near Taos, NM

Zip Codes in Taos, NM