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 Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (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:
$226,673

Number Of Homes And Apartments:
792,755

New Mexico Home Prices

> $1,352,732
$1,014,672 - $1,352,732
$676,367 - $1,014,671
$541,118 - $676,366
$405,777 - $541,117
$270,647 - $405,776
$135,206 - $270,646
$67,627 - $135,205
$0 - $67,626
1.1%
1.1%
1.1%
1.1%
3.3%
3.3%
3.9%
3.9%
8.7%
8.7%
21.3%
21.3%
36.0%
36.0%
13.6%
13.6%
11.0%
11.0%
0.0% 100.0%
% OF HOMES

New Mexico Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q3 - 2021 Q4
3.53% 14.90%
7
Last 12 Months:
2020 Q4 - 2021 Q4
17.21% 17.21%
6
Last 2 Years:
2019 Q4 - 2021 Q4
25.41% 11.99%
7
Last 5 Years:
2016 Q4 - 2021 Q4
41.20% 7.14%
5
Last 10 Years:
2011 Q4 - 2021 Q4
50.63% 4.18%
3
Since 2000:
2000 Q1 - 2021 Q4
117.37% 3.63%
4
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,262 / per month

Homeownership Rate

Owners
Renters
Vacant
66.6%
66.6%
33.4%
33.4%
16.0%
16.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
19.8%
19.8%
52.2%
52.2%
23.5%
23.5%
4.4%
4.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.5%
64.5%
3.5%
3.5%
5.6%
5.6%
9.5%
9.5%
16.7%
16.7%
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.1%
3.1%
8.6%
8.6%
24.6%
24.6%
47.1%
47.1%
14.3%
14.3%
2.3%
2.3%
0.0% 100.0%
% OF HOMES