Tijeras, NM
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Tijeras Neighborhoods Since 2000




Tijeras, 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

Tijeras Housing Market Information

With a population of 545, 169 total housing units (homes and apartments), and a median house value of $283,411, Tijeras real estate is some of the most expensive in New Mexico, although Tijeras home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Tijeras, accounting for 87.14% of the village's housing units. Other types of housing that are prevalent in Tijeras include mobile homes or trailers ( 10.00%), duplexes, homes converted to apartments or other small apartment buildings ( 2.86%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tijeras. Owner-occupied housing accounts for 77.51% of Tijeras's homes, and 75.24% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Tijeras 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 Tijeras built between 1940-1969 ( 28.10%). A lesser amount of the housing stock also hails from before 1939 ( 7.14%). There's also some housing in Tijeras built between 2000 and later ( 6.19%).

Vacant housing appears to be an issue in Tijeras. Fully 19.52% of the housing stock is classified as vacant. Left unchecked, vacant Tijeras homes and apartments can be a drag on the real estate market, holding Tijeras 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.

Tijeras Home Appreciation Rates

Tijeras's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Tijeras during the period has been just -1.32%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Tijeras's appreciation rate, at 4.89%, has been at or slightly above the national average. In the latest quarter, Tijeras's appreciation rate has been 0.49%, which annualizes to a rate of 1.99%.

Relative to New Mexico, our data show that Tijeras's latest annual appreciation rate is lower than 50% of the other cities and towns in New Mexico.

Average Home Values

 

Median Home Value:
$283,411

Tijeras, NM HOME PRICES

Value Range
> $1,060,000 0.2
$794,001 - $1,060,000 0.9
$530,001 - $794,000 5.8
$424,001 - $530,000 10.7
$318,001 - $424,000 17.4
$212,001 - $318,000 35.3
$106,001 - $212,000 23.1
$53,001 - $106,000 3.2
$0 - $53,000 3.2

Very High for NM
Very High for Nation

Value Relative to Nation Value Relative to State
18.1120356263917 5.17241379310345

Number Of Homes And Apartments:
169

Tijeras 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
32.02% 1.62% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,460 / per month

Homeownership Rate

Homeownership
Owners 77.51
Renters 22.49
Vacant 19.52

Housing Market Details

 

Age of Homes

AGE OF Tijeras HOMES
2000 or Newer 6.2
1970 - 1999 58.6
1940 - 1969 28.1
1939 or Older 7.1

Types of Homes

TYPE OF Tijeras HOMES
Single-Family 87.1
Townhomes 0.0
Small Apt. Buildings 2.9
Apt. Complexes 0.0
Mobile Homes 10.0
Other 0.0

Home Size

SIZE OF Tijeras HOMES
No Bedroom 1.43
1 Bedroom 0.00
2 Bedrooms 18.10
3 Bedrooms 61.90
4 Bedrooms 13.33
5 or more bedrooms 5.24

Popular Neighborhoods in Tijeras

Zip Codes in Tijeras, NM