New Mexico Housing
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.
House Value
Median Value of a Total of 521,278 Owner Occupied Houses in New Mexico, #29New Mexico | 159,300 USD |
U.S. | 175,700 USD |
New Mexico | 47.36% |
U.S. | 46.91% |
*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, #14New Mexico | U.S. |
1981 | 1976 |
*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.