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.
|Housing Units by Size|
|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
|Second Mortgage & Equity Loan||0.1%|
|Home Equity Loan||4.7%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17.9%|
Cities & Towns