New Mexico Real Estate (NM)

Search new homes in New Mexico, home builders and real estate

General State Information

Search New Mexico real estate for sale, new home builders and rental properties. New Homes Section gives you access to several home builder websites so you can find up-to-date information about their new home communities and New Mexico homes for sale. In our New Mexico Home Builder Incentives section, you will find information about current new home incentives and details about any upcoming grand openings.  New Mexico is located in the Southwestern region of the United States. Among all the U.S states, New Mexico has the highest number of Hispanic Americans and its capital city is Santa Fe while the largest city and largest metropolitan area is the Albuquerque. 

Economy

Cattle and dairy products are the major animal products of New Mexico. Following this is the scientifically controlled dry land farming that major in producing hay, nursery stock, pecans and chili peppers. The lumber mills in Albuquerque processes pinewood, which is the chief commercial wood of the rich timber economy, the mineral extraction is also one of the major sources of income. The New Mexico River provides ample irrigation to the extensive farming projects. 

Real Estate

In 2006, there were just over 850,000 housing units in New Mexico. Increasing 65,500 from the total number in 2000, which was only 780,579. This number represents the year 2000 represents a 23.5 percent from the total number of 632,058 in the year 1990. Of these houses, 575,163 homes are located in the urban area while the remaining 205,416 are in the rural. 

In 2000, the homeownership rate was 70 percent, while the housing unit in multi-unit structures was 15.3 percent. The average household size is 2.63 people. For the owned homes, apartments and condo units, the average household size is 2.74. The median value of occupied units is $108,800. The median price for vacant units is $87,500. As for the rented homes, apartments and condo units, the median household size is 2.37 and the median monthly rent asked for vacant units is $406. 

Most homes in New Mexico are for single-family purposes. Homes have a distinct Spanish influence through the use of stone and brick building materials. New Mexico homes are also mostly two storey houses set in a beautiful backdrop of peaceful communities. Whether one is after a home for the whole family, condominium or rental property, you can find it in New Mexico.