New Mexico
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






New Mexico Real Estate Market & Appreciation

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Average Home Values

Median Home Value:
$191,352

Number Of Homes And Apartments:
780,249

New Mexico Home Prices

> $1,197,081
1.2%
1.2%
$897,622 - $1,197,081
1.1%
1.1%
$598,666 - $897,621
2.9%
2.9%
$478,933 - $598,665
3.5%
3.5%
$359,001 - $478,932
8.3%
8.3%
$239,407 - $359,000
19.7%
19.7%
$119,628 - $239,406
36.9%
36.9%
$59,815 - $119,627
14.9%
14.9%
$0 - $59,814
11.7%
11.7%
0.0% 100.0%
% OF HOMES

New Mexico Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q4 - 2021 Q1
2.63% 10.92%
8
Last 12 Months:
2020 Q1 - 2021 Q1
8.20% 8.20%
8
Last 2 Years:
2019 Q1 - 2021 Q1
15.41% 7.43%
9
Last 5 Years:
2016 Q1 - 2021 Q1
28.62% 5.16%
5
Last 10 Years:
2011 Q1 - 2021 Q1
31.03% 2.74%
3
Since 2000:
2000 Q1 - 2021 Q1
90.87% 3.13%
4
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,165 / per month

Homeownership Rate

Owners
66.3%
66.3%
Renters
33.7%
33.7%
Vacant
16.8%
16.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
19.7%
19.7%
1970 - 1999
52.3%
52.3%
1940 - 1969
23.6%
23.6%
1939 or Older
4.4%
4.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
64.2%
64.2%
Townhomes
3.4%
3.4%
Small Apt. Buildings
5.7%
5.7%
Apt. Complexes
9.5%
9.5%
Mobile Homes
17.1%
17.1%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.9%
2.9%
1 Bedroom
8.6%
8.6%
2 Bedrooms
25.1%
25.1%
3 Bedrooms
46.8%
46.8%
4 Bedrooms
14.2%
14.2%
5 or more bedrooms
2.3%
2.3%
0.0% 100.0%
% OF HOMES