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New Mexico Housing

 
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As of 2010-2014, median price of a house in New Mexico is $159,300, which is lower than the national average of $175,700. The New Mexico median house value has grown by 47.36% since 2000. The growth rate for the price of a house in New Mexico is about the same as the national average rate of 46.91%. The median year that a house in New Mexico was built is 1981, which is newer than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 521,278 Owner Occupied Houses in New Mexico, #29
New Mexico
159,300 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #36
New Mexico
47.36%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 New Mexico%U.S.
Total Housing Units907,233, see rank100%132,741,033
Occupied Housing Units764,68484.29%, see rank87.55%
Owner Occupied521,27857.46%, see rank56.34%
Renter Occupied243,40626.83%, see rank31.21%
Vacant Housing Units142,54915.71%, see rank12.45%
For Rent21,5782.38%, see rank2.34%
For Sale Only12,3141.36%, see rank1.20%
Rented or Sold, Not Occupied7,6180.84%, see rank0.92%
For Seasonal, Recreational, or Occasional Use51,6305.69%, see rank3.97%
For Migrant Workers1,0050.11%, see rank0.03%
Other Vacant48,4045.34%, see rank4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #14
New MexicoU.S.
19811976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 New Mexico%U.S.
Owner-Occupied Units521,278100%74,787,460
With a Mortgage305,07858.53%, see rank65.58%
Without a Mortgage216,20041.47%, see rank34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
New Mexico
1,242 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsNew Mexico%U.S.
$299 or Less6670.22%, see rank0.20%
$300 to $4997,8202.56%, see rank1.59%
$500 to $69925,5188.36%, see rank5.01%
$700 to $99963,10020.68%, see rank14.32%
$1,000 to $1,499104,33234.20%, see rank27.90%
$1,500 to $1,99957,63818.89%, see rank20.35%
$2,000 to $2,99934,66811.36%, see rank19.52%
$3,000 or More11,3353.72%, see rank11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
New Mexico
23.20% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 New Mexico%U.S.
10% or Less22,1397.26%, see rank5.86%
10% to 20%100,22432.85%, see rank31.95%
20% to 30%78,40525.70%, see rank27.64%
30% to 40%39,25412.87%, see rank13.74%
40% or More62,48220.48%, see rank20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
New Mexico
324 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsNew Mexico%U.S.
$199 or Less42,37119.60%, see rank7.76%
$200 to $29953,38524.69%, see rank14.70%
$300 to $49980,31037.15%, see rank34.63%
$500 to $69927,31412.63%, see rank21.16%
$700 or More12,8205.93%, see rank21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
New Mexico
10.00% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 New Mexico%U.S.
10% or Less107,66949.80%, see rank40.19%
10% to 20%58,91827.25%, see rank31.47%
20% to 30%21,0169.72%, see rank12.24%
30% to 40%9,7764.52%, see rank5.64%
40% or More14,7146.81%, see rank9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 New Mexico%U.S.
Total Housing Units907,233100%132,741,033
1-unit, Detached587,94264.81%, see rank61.65%
1-unit, Attached33,6613.71%, see rank5.82%
2 Units17,4151.92%, see rank3.75%
3 or 4 Units33,0963.65%, see rank4.43%
5 to 9 Units24,6992.72%, see rank4.78%
10 or More Units59,1986.53%, see rank13.08%
Mobile Home, Boat, RV, Van, etc.151,22216.67%, see rank6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 New Mexico%U.S.
Total Housing Units907,233100%132,741,033
1 Room23,7972.62%, see rank1.95%
2 Rooms21,2472.34%, see rank2.48%
3 Rooms69,3997.65%, see rank9.13%
4 Rooms159,40917.57%, see rank16.60%
5 Rooms223,11324.59%, see rank20.41%
6 Rooms182,19020.08%, see rank18.06%
7 Rooms110,65112.20%, see rank12.27%
8 Rooms60,4046.66%, see rank8.48%
9 Rooms or More57,0236.29%, see rank10.60%
Median Rooms5.30, see rank-5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 New Mexico%U.S.
Total Housing Units907,233100%132,741,033
No Bedroom26,0142.87%, see rank2.17%
1 Bedroom83,8359.24%, see rank11.16%
2 Bedrooms232,79825.66%, see rank26.69%
3 Bedrooms419,40446.23%, see rank39.70%
4 Bedrooms125,42213.82%, see rank16.05%
5 or More Bedrooms19,7602.18%, see rank4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 New Mexico%U.S.
Total Housing Units764,684100%116,211,092
Utility Gas511,78466.93%, see rank48.85%
Bottled, Tank, or LP Gas65,7588.60%, see rank4.86%
Electricity123,22216.11%, see rank36.68%
Fuel Oil, Kerosene, etc.9870.13%, see rank5.86%
Coal or Coke2900.04%, see rank0.12%
Wood51,9976.80%, see rank2.12%
Solar Energy1,9840.26%, see rank0.05%
Other Fuel7,2010.94%, see rank0.47%
No Fuel Used1,4610.19%, see rank1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalNew Mexico%U.S.
Occupied Units Paying Rent224,786100%39,201,928
$199 or Less4,3261.92%, see rank1.50%
$200 to $2998,0593.59%, see rank3.18%
$300 to $49926,15611.64%, see rank7.37%
$500 to $69953,49423.80%, see rank16.01%
$700 to $99971,03331.60%, see rank29.17%
$1,000 to $1,49948,52621.59%, see rank26.88%
$1,500 to $1,9999,9454.42%, see rank9.79%
$2,000 or More3,2471.44%, see rank6.10%
Median$774, see rank-$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 New Mexico%U.S.
Occupied Housing Units764,684100%116,211,092
No Vehicles Available43,8005.73%, see rank9.12%
1 Vehicles Available256,03233.48%, see rank33.80%
2 Vehicles Available289,17037.82%, see rank37.48%
3 or More Vehicles Available175,68222.97%, see rank19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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