New Mexico 

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Housing in New Mexico

The median home cost in New Mexico is $187,100. Home appreciation the last 10 years has been -4.5%. Home Appreciation in New Mexico is up 2.7%. Browse New Mexico Real Estate

Average Age of Homes
- The median age of New Mexico real estate is 32 years old
 $269,900 
5001 W Big Red Rd # OLRFKU
Bed 4 | Bath 2.5 | 2410 SqFt
 $269,900 
5001 W Big Red Rd # OLRFKU
Bed 4 | Bath 2.5 | 2410 SqFt
 $181,990 
1620 Camino Cyn # XABQRZ
Bed 3 | Bath 2.0 | 1198 SqFt
 $392,950 
7305 Brentwood Blvd NE # LMLNM
Bed 3 | Bath 2.5 | 2610 SqFt
The Rental Market in New Mexico
- Renters make up 26.8% of the New Mexico population
- 15.7% of houses and apartments in New Mexico, are unoccupied (vacancy rate)
- See the available apartments and rentals in New Mexico
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.

HOUSING BY YEAR BUILT

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  HOUSINGNew Mexico, New MexicoUnited States
  Median Home Age3237
  Median Home Cost$187,100$216,200
  Home Appr. Last 12 months2.67%6.77%
  Home Appr. Last 5 yrs.11.64%31.12%
  Home Appr. Last 10 yrs.-4.50%11.41%
  Property Tax Rate$7.62$11.89
  Homes Owned57.46%56.34%
  Housing Vacant15.71%12.45%
  Homes Rented26.83%31.21%
  AVERAGE RENT FOR HOME OR APARTMENT
  Studio Apartment$740$890
  1 Bedroom Home or Apartment$820$990
  2 Bedroom Home or Apartment$1,030$1,240
  3 Bedroom Home or Apartment$1,370$1,660
  4 Bedroom Home or Apartment$1,580$1,910
  VACANT HOUSING
  Vacant For Rent2.38%2.34%
  Vacant Rented0.37%0.46%
  Vacant For Sale1.36%1.20%
  Vacant Sold0.47%0.46%
  Vacant Vacation5.69%3.97%
  Vacant Other5.45%4.02%
  VALUE OF OWNER-OCCUPIED HOUSING
  Less Than $20,0007.00%4.57%
  $20,000 to $39,9994.91%3.37%
  $40,000 to $59,9994.68%4.19%
  $60,000 to $79,9995.14%5.74%
  $80,000 to $99,9996.66%6.79%
  $100,000 to $149,99917.89%15.19%
  $150,000 to $199,99918.12%14.69%
  $200,000 to $299,99918.43%18.15%
  $300,000 to $399,9998.48%10.43%
  $400,000 to $499,9993.31%5.70%
  $500,000 to $749,9993.01%6.39%
  $750,000 to $999,9991.07%2.41%
  $1,000,000 or more1.28%2.39%
HOUSING MAP
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    Reviews for New Mexico    33 Reviews
    back in time. - 10/21/2017
    I m a native of northern california. I came to New Mexico with my companion of many years, due to illness he was forced into an early retirement. He was born and raised... Read More

    Start Your Review of New Mexico


    back in time. - 10/21/2017
    I m a native of northern california. I came to New Mexico with my companion of many years, due to illness he was forced into an early retirement. He was born and raised... Read More

    Land of entrapment - 10/27/2016
    The only way to survive your stay in NM is to srT home while you plan to move out I came here as a volunteer 2 years ago and have lived in 5 states Unless you are... Read More


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