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El Rancho, NM Real Estate


According to census data in the year 2000 there were 345 housing units in El Rancho.

Of those housing units, 165 were located in either urbanized areas or urban clusters, and 180 were located in what is classified as a rural area.

Homeownership rate in El Rancho is about 78%. El Rancho's vacancy rate, including seasonal lodging, is about 10.4%. Average household size is 2.65 people.

The majority of houses, apartments or condos in El Rancho were built after 1975.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom6.40%
Two Bedrooms39.40%
Three Bedrooms44.10%
Four Bedrooms9%
Five Bedrooms or more1.20%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.79
Median year structure was built1975
Median Value of occupied units$223,700
Median Price asked for vacant units$275,000

Rented Homes, Apartments and Condos

Average Household Size2.18
Median year structure was built1974
Median Monthly Rent asked for vacant units$440

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.30%
Home Equity Loan2.70%
Simple Mortgage36%
Debt Free54%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18.3%