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Taos, NM Homes for Sale 100K – 200K
Taos, NM Homes for Sale 200K – 300K
Taos, NM Homes for Sale 300K – 400K
Taos, NM Homes for Sale 400K – 500K
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Taos, NM Homes for Sale 900K – 1M
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TAOS HOUSING MARKET INFORMATION
With 5,668 people, 2,412 houses or apartments, and a median cost of homes of $243,898, Taos real estate is some of the most expensive in New Mexico, although Taos home values aren’t among America’s most expensive.
Single-family detached homes are the single most common housing type in Taos, accounting for 48.66% of the town’s housing units. Other types of housing that are prevalent in Taos include duplexes, homes converted to apartments or other small apartment buildings ( 21.05%), mobile homes or trailers ( 12.39%), and a few large apartment complexes or high rise apartments ( 9.80%).
People in Taos primarily live in small (one, two or no bedroom) single-family detached homes. Taos has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Taos built from 1970 to 1999 so parts of town may have that “Brady Bunch” look of homes popular in the ’70s and early ’80s, although some of these houses were built up through the early ’90s as well. There is also a lot of housing in Taos built between 2000 and later ( 17.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.25%). There’s also some housing in Taos built before 1939 ( 14.20%).
Vacant housing appears to be an issue in Taos. Fully 28.17% of the housing stock is classified as vacant. Left unchecked, vacant Taos homes and apartments can be a drag on the real estate market, holding Taos real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
TAOS HOME APPRECIATION RATES
Real estate appreciation rates in Taos’s have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.58% during the period.
Appreciation rates are so strong in Taos that despite a nationwide downturn in the housing market, Taos real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Taos appreciation rates continue to be some of the highest in America, at 9.31%, which is higher than appreciation rates in 88.82% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Taos. Taos appreciation rates in the latest quarter were at 3.72%, which equates to an annual appreciation rate of 15.74%.
Importantly, this makes Taos one of the highest appreciating communities in the nation for the latest quarter, and may signal the town’s near-future real estate investment strength.
Relative to New Mexico, our data show that Taos’s latest annual appreciation rate is lower than 50% of the other cities and towns in New Mexico.
Information provided by https://www.neighborhoodscout.com/nm/taos/real-estate