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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 265 people, 158 houses or apartments, and a median cost of homes of $346,945, Sandia Park real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Sandia Park, accounting for 100.00% of the town's housing units.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sandia Park. Owner-occupied housing accounts for 84.81% of Sandia Park's homes, and 60.13% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Sandia Park 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 Sandia Park built between 1940-1969 ( 21.52%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.43%).
Appreciation rates for homes in Sandia Park have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 85.06%, which ranks in the top 50% nationwide. This equates to an annual average Sandia Park house appreciation rate of 6.35%.
Appreciation rates are so strong in Sandia Park that despite a nationwide downturn in the housing market, Sandia Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sandia Park appreciation rates continue to be some of the highest in America, at 8.26%, which is higher than appreciation rates in 87.90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sandia Park. Sandia Park appreciation rates in the latest quarter were at 0.76%, which equates to an annual appreciation rate of 3.06%.
Relative to New Mexico, our data show that Sandia Park's latest annual appreciation rate is higher than 80% of the other cities and towns in New Mexico.
$346,945
for New mexico
for nation
158
$1,683 / per month