New Mexico Landlot Properties For Sale
The state of New Mexico has Landlot Properties For Sale listed across cities. The median value of houses in New Mexico is $267,100 with an appreciation rate of 15.7%. 27.1% of housing in New Mexico is rented and the vacancy rate is 14.9%.
Learn More About New Mexico Landlot Properties For SaleStatistics & facts
2.10M
Population
$267K
Medium Home Value
797K
# of Households
14.91%
Housing Vacancy
40.11%
Future Job Growth
3.10%
Unemployment Rate
Population
New Mexico has a population of approximately 2,109,366 and experiences a population change rate of 15.96%. The population density is 17.4 / sq mi.
Household
The median household income for New Mexico is $54,020, with 797,596 households and an average household size of 2.59.
Cost of Living
The cost of living index in New Mexico is 96.3%.
Home Value
The median value of a home in New Mexico is $267,100 with an appreciation rate of 15.7%. 58.0% of housing in the state is owned while 27.1% is rented.
Employment
The unemployment rate in New Mexico is 3.10%, and recent job growth is at 1.41%. Future job growth is projected at 40.11%.
Taxes
The sales tax rate in New Mexico is 7.75%, while the income tax rate is 4.90%.
Education
School expenditures in New Mexico are $13,299, and the school ratio is 15.1:1.
Weather
The average high temperature in July is 88.3 degrees, with an average low temperature in January of 19.7 degrees. The average rainfall is approximately 14.6 inches per year, with 23.6 inches of snow per year.
Top 5 Reasons to move to the State of New Mexico
New Mexico’s Natural Beauty
New Mexico is absolutely packed with natural beauty. From the mesmerizing White Sands National Park to the rugged Rocky Mountains, every turn offers a new and stunning view. You can explore ancient volcanic formations, expansive deserts, and lush forests, all in one state. Whether you're into hiking, photography, or just soaking in the views, New Mexico's diverse landscapes are bound to steal your heart.
Rich Cultural Heritage in New Mexico
Step into a living museum when you move to New Mexico. The state's vibrant culture is a blend of Native American, Hispanic, and Anglo influences. Experience traditional Pueblo ceremonies, Spanish colonial architecture, and a thriving arts scene. Santa Fe, with its historic charm and myriad galleries, epitomizes this cultural melting pot. There's always a fiesta, a feast, or a festival to attend, making every day feel like a celebration of heritage.
Affordable New Mexico Homes
New Mexico offers a significantly lower cost of living compared to lots of other states. Housing is affordable, utilities are reasonable, and everyday expenses are easier on your wallet. Whether you're buying a home in popular cities like Albuquerque or Las Cruces, your money goes further here, giving you more freedom to enjoy life in the Land of Enchantment.
Eat Well in New Mexico
New Mexico's cuisine is a mouth-watering mix of Native American and Hispanic flavors, featuring unique dishes like green chile stew and enchiladas with red or green sauce (locals call it "Christmas" style). The food scene here is rich and vibrant, with countless local restaurants serving up delicious, spicy, and hearty meals. It's a foodie paradise that promises to wow your taste buds every day.
New Mexico’s Outdoor Adventures
Adventure awaits around every corner in New Mexico. Whether you're an adrenaline junkie or a weekend warrior, there's no shortage of outdoor activities. Go skiing in Taos, hot air ballooning over Albuquerque, or rafting on the Rio Grande. The state has perfect settings for hiking, mountain biking, and rock climbing. Plus, the weather is generally mild, meaning you can enjoy these activities year-round. Get ready to explore and embrace the outdoors!
