The 2000 Census indicates that New Mexico has a total of 677,971 occupied homes. 339,888 of these homes are occupied by the owner. 1,020 have a property value of $1,000,000 or more, or 0.3 percent. 3,870 homes are valued at $500,000 to $999,999, or 1.1 percent 13,460 are priced from $300,000 to $499,999, or 4.0 percent. 31,123 have a real estate value of $200,000 to $299,999, or 9.2 percent. The are 45,314 residences in the $150,000 to $199,000 price range, or 13.3 percent. 91,528 home owners in New Mexico have homes valued from $100,000 to $149,999 (26.9 percent). The number of homes in the $50,000 to $99,999 price range is 109,097, or 32.1 percent. There are 44,476 properties priced at less than $50,000, or 13.1 percent.
In New Mexico, 216,082 or 63.6 percent of home owners have a mortgage. The median monthly mortgage payment is $929. 123,806, or 36.4 percent of home owners have no mortgage.
New Mexico has a total of 200,908 occupied rental units. The median rent per month is $503.
|