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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 Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle 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 Units	907,233, see rank	100%	132,741,033
Occupied Housing Units	764,684	84.29%, see rank	87.55%
Owner Occupied	521,278	57.46%, see rank	56.34%
Renter Occupied	243,406	26.83%, see rank	31.21%
Vacant Housing Units	142,549	15.71%, see rank	12.45%
For Rent	21,578	2.38%, see rank	2.34%
For Sale Only	12,314	1.36%, see rank	1.20%
Rented or Sold, Not Occupied	7,618	0.84%, see rank	0.92%
For Seasonal, Recreational, or Occasional Use	51,630	5.69%, see rank	3.97%
For Migrant Workers	1,005	0.11%, see rank	0.03%
Other Vacant	48,404	5.34%, see rank	4.00%

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

Year Structure Built

Median Built Year, #14

New Mexico	U.S.
1981	1976

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 Units	521,278	100%	74,787,460
With a Mortgage	305,078	58.53%, see rank	65.58%
Without a Mortgage	216,200	41.47%, see rank	34.42%

*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 Costs	New Mexico	%	U.S.
$299 or Less	667	0.22%, see rank	0.20%
$300 to $499	7,820	2.56%, see rank	1.59%
$500 to $699	25,518	8.36%, see rank	5.01%
$700 to $999	63,100	20.68%, see rank	14.32%
$1,000 to $1,499	104,332	34.20%, see rank	27.90%
$1,500 to $1,999	57,638	18.89%, see rank	20.35%
$2,000 to $2,999	34,668	11.36%, see rank	19.52%
$3,000 or More	11,335	3.72%, see rank	11.12%

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 Less	22,139	7.26%, see rank	5.86%
10% to 20%	100,224	32.85%, see rank	31.95%
20% to 30%	78,405	25.70%, see rank	27.64%
30% to 40%	39,254	12.87%, see rank	13.74%
40% or More	62,482	20.48%, see rank	20.29%

*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 Costs	New Mexico	%	U.S.
$199 or Less	42,371	19.60%, see rank	7.76%
$200 to $299	53,385	24.69%, see rank	14.70%
$300 to $499	80,310	37.15%, see rank	34.63%
$500 to $699	27,314	12.63%, see rank	21.16%
$700 or More	12,820	5.93%, see rank	21.75%

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 Less	107,669	49.80%, see rank	40.19%
10% to 20%	58,918	27.25%, see rank	31.47%
20% to 30%	21,016	9.72%, see rank	12.24%
30% to 40%	9,776	4.52%, see rank	5.64%
40% or More	14,714	6.81%, see rank	9.16%

*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 Units	907,233	100%	132,741,033
1-unit, Detached	587,942	64.81%, see rank	61.65%
1-unit, Attached	33,661	3.71%, see rank	5.82%
2 Units	17,415	1.92%, see rank	3.75%
3 or 4 Units	33,096	3.65%, see rank	4.43%
5 to 9 Units	24,699	2.72%, see rank	4.78%
10 or More Units	59,198	6.53%, see rank	13.08%
Mobile Home, Boat, RV, Van, etc.	151,222	16.67%, see rank	6.49%

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

Rooms

	New Mexico	%	U.S.
Total Housing Units	907,233	100%	132,741,033
1 Room	23,797	2.62%, see rank	1.95%
2 Rooms	21,247	2.34%, see rank	2.48%
3 Rooms	69,399	7.65%, see rank	9.13%
4 Rooms	159,409	17.57%, see rank	16.60%
5 Rooms	223,113	24.59%, see rank	20.41%
6 Rooms	182,190	20.08%, see rank	18.06%
7 Rooms	110,651	12.20%, see rank	12.27%
8 Rooms	60,404	6.66%, see rank	8.48%
9 Rooms or More	57,023	6.29%, see rank	10.60%
Median Rooms	5.30, see rank	-	5.50

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

Bedrooms

	New Mexico	%	U.S.
Total Housing Units	907,233	100%	132,741,033
No Bedroom	26,014	2.87%, see rank	2.17%
1 Bedroom	83,835	9.24%, see rank	11.16%
2 Bedrooms	232,798	25.66%, see rank	26.69%
3 Bedrooms	419,404	46.23%, see rank	39.70%
4 Bedrooms	125,422	13.82%, see rank	16.05%
5 or More Bedrooms	19,760	2.18%, see rank	4.22%

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

House Heating Fuel

	New Mexico	%	U.S.
Total Housing Units	764,684	100%	116,211,092
Utility Gas	511,784	66.93%, see rank	48.85%
Bottled, Tank, or LP Gas	65,758	8.60%, see rank	4.86%
Electricity	123,222	16.11%, see rank	36.68%
Fuel Oil, Kerosene, etc.	987	0.13%, see rank	5.86%
Coal or Coke	290	0.04%, see rank	0.12%
Wood	51,997	6.80%, see rank	2.12%
Solar Energy	1,984	0.26%, see rank	0.05%
Other Fuel	7,201	0.94%, see rank	0.47%
No Fuel Used	1,461	0.19%, see rank	1.00%

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

Gross Rent

Monthly Rental	New Mexico	%	U.S.
Occupied Units Paying Rent	224,786	100%	39,201,928
$199 or Less	4,326	1.92%, see rank	1.50%
$200 to $299	8,059	3.59%, see rank	3.18%
$300 to $499	26,156	11.64%, see rank	7.37%
$500 to $699	53,494	23.80%, see rank	16.01%
$700 to $999	71,033	31.60%, see rank	29.17%
$1,000 to $1,499	48,526	21.59%, see rank	26.88%
$1,500 to $1,999	9,945	4.42%, see rank	9.79%
$2,000 or More	3,247	1.44%, see rank	6.10%
Median	$774, see rank	-	$920

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

Vehicle Available

	New Mexico	%	U.S.
Occupied Housing Units	764,684	100%	116,211,092
No Vehicles Available	43,800	5.73%, see rank	9.12%
1 Vehicles Available	256,032	33.48%, see rank	33.80%
2 Vehicles Available	289,170	37.82%, see rank	37.48%
3 or More Vehicles Available	175,682	22.97%, see rank	19.61%

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