Sunland Park, NM Real Estate Market

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 2022. 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

Sunland Park, NM Housing Market Trends

With a population of 16,702, 5,805 total housing units (homes and apartments), and a median house value of $156,166, house prices in Sunland Park are solidly below the national average.

Single-family detached homes are the single most common housing type in Sunland Park, accounting for 70.58% of the city's housing units. Other types of housing that are prevalent in Sunland Park include mobile homes or trailers ( 17.77%), duplexes, homes converted to apartments or other small apartment buildings ( 4.61%), and a few large apartment complexes or high rise apartments ( 3.92%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sunland Park. Owner-occupied housing accounts for 74.28% of Sunland Park's homes, and 75.37% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sunland 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 Sunland Park built between 2000 and later ( 40.84%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.24%). There's also some housing in Sunland Park built before 1939 ( 1.47%).

Sunland Park Home Appreciation Rates

Real estate appreciation rates in Sunland Park's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.57% during the period.

Over the last year, Sunland Park appreciation rates have trailed the rest of the nation. In the last twelve months, Sunland Park's appreciation rate has been 14.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sunland Park were at 1.27%, which equates to an annual appreciation rate of 5.19%.

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

Average Home Values

 

Median Home Value:
$156,166

Sunland Park, NM HOME PRICES

> $1,426,000
$1,069,001 - $1,426,000
$713,001 - $1,069,000
$570,001 - $713,000
$427,001 - $570,000
$285,001 - $427,000
$142,001 - $285,000
$71,001 - $142,000
$0 - $71,000
0.4%
0.4%
0.0%
0.0%
2.2%
2.2%
0.3%
0.3%
2.1%
2.1%
12.5%
12.5%
50.5%
50.5%
20.2%
20.2%
11.8%
11.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for NM

Value Relative To Nation

Number Of Homes And Apartments:
5,805

Sunland Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NM*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
115.84% 3.52%
7
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$757 / per month

Homeownership Rate

Owners
Renters
Vacant
74.3%
74.3%
25.7%
25.7%
6.4%
6.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
40.8%
40.8%
50.5%
50.5%
7.2%
7.2%
1.5%
1.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.6%
70.6%
3.0%
3.0%
4.6%
4.6%
3.9%
3.9%
17.8%
17.8%
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.0%
1.0%
4.6%
4.6%
18.0%
18.0%
52.1%
52.1%
23.2%
23.2%
1.1%
1.1%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Sunland Park

Zip Codes in Sunland Park, NM