New Mexico Real Estate
According to census data in the year 2000 there were 780,579 housing units in New Mexico.
This represents a 23.5% from 632,058 in 1990.
Of those housing units, 575,163 were located in either urbanized areas or urban clusters, and 205,416 were located in what is classified as a rural area.
Homeownership rate in New Mexico is about 70%.
New Mexico's vacancy rate, including seasonal lodging, is about 13.1%.
Average household size is 2.63 people.
The majority of houses, apartments or condos in New Mexico were built after 1977.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4% |
| One Bedroom | 13.1% |
| Two Bedrooms | 28% |
| Three Bedrooms | 42.4% |
| Four Bedrooms | 10.8% |
| Five Bedrooms or more | 1.6% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1978 |
| Median Value of occupied units | $108,100 |
| Median Price asked for vacant units | $87,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $406 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.1% |
| Second Mortgage | 6.8% |
| Home Equity Loan | 4.7% |
| Simple Mortgage | 51.9% |
| Debt Free | 36.4% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.9% |
Cities & Towns
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
Y
Z
