Otero County, NM Housing

Otero, NM County has an impressive median housing value of $195,700, which is far less than the US median value of $338,100. Despite this difference, Otero County has shown a higher rate of housing appreciation over the past year at 9.54%, compared to the US 1 year appreciation rate of 8.27%. This indicates that housing in Otero County is becoming increasingly desirable for those looking to invest in property.

The median home cost in Otero County is $195,700. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Otero County is up 12.5%.

Average Age of Homes

- The median age of Otero County real estate is 36 years old

The Rental Market in Otero County

- Renters make up 27.2% of the Otero County population
- 2.1% of houses and apartments in Otero County, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Otero, New Mexico	United States
	32,109.0	139,647,020.0
	38	42
	$195,700	$338,100
	12.5%	16.6%
	43.0%	57.0%
	56.6%	101.1%
	$6.05	$10.98
	$744	$2,690
	48.1%	57.4%
	26.5%	11.2%
	25.4%	31.4%
Vacant Housing
	2.1%	1.9%
	0.7%	0.4%
	1.6%	0.7%
	1.7%	0.4%
	11.2%	3.6%
	9.2%	4.1%
Value of Owner-Occupied Housing
	8.0%	2.6%
	5.0%	2.4%
	5.7%	2.8%
	10.6%	3.9%
	8.6%	4.5%
	21.5%	11.3%
	14.7%	13.0%
	14.5%	20.1%
	7.6%	13.6%
	2.3%	8.3%
	0.7%	9.7%
	0.6%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	12.1%	13.6%
	12.1%	13.6%
	19.8%	13.6%
	18.8%	13.2%
	19.3%	14.8%
	19.8%	13.6%
	8.6%	10.0%
	2.6%	4.7%
	2.4%	12.2%

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