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Housing in New Mexico

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HousingNew Mexico, NMUnited States
Median Home Age30.135.1
Median Home Cost$151,900$153,800
Home Appreciation-2.42%1.62%
Homes Owned60.14%57.69%
Housing Vacant12.20%11.38%
Homes Rented27.65%30.93%
Property Tax Rate$6.47$11.20
OWNER-OCCUPIED HOUSING UNITS BY VALUE
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Less Than $20,0005.09%2.72%
$20,000 to $39,9995.33%4.03%
$40,000 to $59,9996.25%5.58%
$60,000 to $79,9996.74%7.09%
$80,000 to $99,9998.16%8.80%
$100,000 to $149,99923.07%21.26%
$150,000 to $199,99916.93%14.87%
$200,000 to $299,99916.44%16.82%
$300,000 to $399,9995.84%7.83%
$400,000 to $499,9992.49%4.04%
$500,000 to $749,9992.27%4.05%
$750,000 to $999,9990.59%1.26%
$1,000,000 or more0.79%1.64%
HOUSING UNITS BY YEAR STRUCTURE BUILT
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1999 to 200514.41%13.71%
1995 to 199818.83%14.31%
1990 to 199418.83%14.31%
1980 to 198917.41%13.87%
1970 to 197918.48%16.17%
1960 to 196910.92%11.70%
1950 to 195910.05%11.08%
1940 to 19494.75%6.02%
1939 or Earlier5.15%13.15%


The median home value in New Mexico, NM, is $151,900. Home appreciation is -2.42% over the last year. The median age of New Mexico, NM, real estate is 30 years.

New Mexico, NM Apartments and Rentals

Renters make up 27.65% of the New Mexico, NM, population. 12.20% of houses and apartments in New Mexico, NM, are unoccupied (vacancy rate).


New Mexico Housing SperlingViews

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