Zuni Pueblo, NM
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Zuni Pueblo, 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

Zuni Pueblo Housing Market Information

With 6,535 people, 1,559 houses or apartments, and a median cost of homes of $82,512, house prices in Zuni Pueblo are some of the most affordable in New Mexico as well as the nation.

Single-family detached homes are the single most common housing type in Zuni Pueblo, accounting for 59.74% of the town's housing units. Other types of housing that are prevalent in Zuni Pueblo include mobile homes or trailers ( 26.24%), row houses and other attached homes ( 11.22%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.29%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Zuni Pueblo. Owner-occupied housing accounts for 93.65% of Zuni Pueblo's homes, and 70.02% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Zuni Pueblo 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 Zuni Pueblo built between 1940-1969 ( 24.79%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.11%). There's also some housing in Zuni Pueblo built before 1939 ( 9.55%).

Vacant housing appears to be an issue in Zuni Pueblo. Fully 12.95% of the housing stock is classified as vacant. Left unchecked, vacant Zuni Pueblo homes and apartments can be a drag on the real estate market, holding Zuni Pueblo 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.

Zuni Pueblo Home Appreciation Rates

Appreciation rates for homes in Zuni Pueblo have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.91%, which ranks in the top 40% nationwide. This equates to an annual average Zuni Pueblo house appreciation rate of 0.86%.

Appreciation rates are so strong in Zuni Pueblo that despite a nationwide downturn in the housing market, Zuni Pueblo real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Zuni Pueblo appreciation rates continue to be some of the highest in America, at 6.83%, which is higher than appreciation rates in 80.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Zuni Pueblo. Zuni Pueblo appreciation rates in the latest quarter were at 1.52%, which equates to an annual appreciation rate of 6.23%.

Relative to New Mexico, our data show that Zuni Pueblo's latest annual appreciation rate is higher than 80% of the other cities and towns in New Mexico.

Average Home Values

 

Median Home Value:
$82,512

Zuni Pueblo, NM HOME PRICES

Value Range
> $1,079,000 0.0
$809,001 - $1,079,000 0.0
$539,001 - $809,000 0.0
$432,001 - $539,000 0.0
$324,001 - $432,000 0.0
$215,001 - $324,000 6.2
$108,001 - $215,000 21.7
$54,001 - $108,000 33.7
$0 - $54,000 38.4

Very Low for NM
Very Low for Nation

Value Relative to Nation Value Relative to State
88.8667526075237 81.8965517241379

Number Of Homes And Apartments:
1,559

Zuni Pueblo 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
54.09% 2.54% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$423 / per month

Homeownership Rate

Homeownership
Owners 93.65
Renters 6.35
Vacant 12.95

Housing Market Details

 

Age of Homes

AGE OF Zuni Pueblo HOMES
2000 or Newer 10.1
1970 - 1999 55.6
1940 - 1969 24.8
1939 or Older 9.5

Types of Homes

TYPE OF Zuni Pueblo HOMES
Single-Family 59.7
Townhomes 11.2
Small Apt. Buildings 2.3
Apt. Complexes 0.5
Mobile Homes 26.2
Other 0.0

Home Size

SIZE OF Zuni Pueblo HOMES
No Bedroom 1.01
1 Bedroom 2.01
2 Bedrooms 15.19
3 Bedrooms 42.49
4 Bedrooms 27.53
5 or more bedrooms 11.78

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Zip Codes in Zuni Pueblo, NM