Department of Numbers

Housing Units, Population and Cost Rank Measures for New Mexico

Here we explore the evolution and dynamics of the housing supply in New Mexico, the relative cost of New Mexico housing, the housing mix and the change in New Mexico population. Housing supply here is defined as the number of housing units (i.e: houses, condos, apartments etc..). For this analysis, the New Mexico population number we're most interested in is the 18 and over population since the under 18 population typically isn't a buyer or renter in the housing market. All data on this page comes from the Census ACS 1 year survey. Jump to New Mexico sections: housing units, housing cost, housing mix, population.

Housing Units and 18+ Population for New Mexico

The data below track the total number of housing units in New Mexico, the total 18 and over population in New Mexico and the ratio of the 18 and over New Mexico population to the number of housing units. Over the past 5 years, the number of New Mexico housing units increased by 3.90% while the 18 and over population increased by 2.36%. As a result, the ratio of the 18 and over population to housing units decreased from 1.737 to 1.711. A lower population to housing units ratio means there are more housing units available per person in the region.

2019 1 Year Change 5 Year Change
New Mexico Housing Units 948,470 +0.56% +3.90%
New Mexico 18+ Population 1,622,979 +0.48% +2.36%
New Mexico 18+ Pop. / Units 1.711 -0.001 -0.026

New Mexico 18+ Population to Units Ratio Trends: New Mexico, US

New Mexico Housing Units and 18+ Population History

Date New Mexico Housing Units New Mexico 18+ Population New Mexico 18+ Pop. / Units
2019 948,470 1,622,979 1.711
2018 943,232 1,615,191 1.712
2017 937,976 1,598,348 1.704
2016 917,641 1,591,501 1.734
2015 914,979 1,585,693 1.733
2014 912,910 1,585,494 1.737
2013 905,134 1,577,203 1.742
2012 906,838 1,569,690 1.731
2011 908,168 1,564,471 1.723
2010 902,242 1,547,286 1.715
2009 878,066 1,495,097 1.703
2008 871,721 1,482,618 1.701

more history ...

New Mexico Relative Housing Cost Percentile by Price and Rent

This data shows where New Mexico falls in the distribution of home prices and rent compared to other states (and D.C.). The higher the percentile, the more expensive the region is compared to the rest of the country. In 2019, New Mexico was at the 31.37% percentile for home prices and the 29.41% percentile for the cost of rent. Over the past 5 years, New Mexico home prices have become less expensive compared to the rest of the country and rent in New Mexico has become less expensive over the past 5 years relative to the rest of the country.

New Mexico Home Price and Rent Percentile

2019 1 Year Change
(delta)		 5 Year Change
(delta)
New Mexico Home Price Percentile 31.37% -1.96% -9.81%
New Mexico Rent Percentile 29.41% -1.96% -7.84%

New Mexico Trends in Home Price and Rent Percentile: New Mexico, US

New Mexico Home Price and Rent Percentile History

Date New Mexico Home Price Percentile New Mexico Rent Percentile
2019 31.37% 29.41%
2018 33.33% 31.37%
2017 37.25% 31.37%
2016 41.18% 37.25%
2015 41.18% 33.33%
2014 41.18% 37.25%
2013 47.06% 45.10%
2012 50.98% 45.10%
2011 50.98% 35.29%
2010 43.14% 37.25%
2009 41.18% 29.41%
2008 43.14% 33.33%

more history ...

New Mexico Housing Units: Owner Occupied, Renter Occupied and Vacant

The data below shows the number of housing units in New Mexico by type. Over the past 5 years, the number of housing units held by owner occupiers increased by 6.07% while the total number of rented units in New Mexico increased by 0.64%. Units that were vacant1 increased by 2.01% over the last 5 years.

New Mexico Changes in Owned, Rented and Vacant Units

2019 1 Year Change 5 Year Change
New Mexico Owner Occ. Units 540,052 +2.80% +6.07%
New Mexico Renter Occ. Units 253,368 -5.72% +0.64%
New Mexico Vacant Units 155,050 +3.96% +2.01%

New Mexico Housing Share Trends: Owned, Rented and Vacant: Owned, Rented, Vacant

The chart below shows the share of each housing type in New Mexico as a fraction of total housing units.

New Mexico Owned, Rented and Vacant Units History

Date New Mexico Owner Occ. Units New Mexico Renter Occ. Units New Mexico Vacant Units
2019 540,052 253,368 155,050
2018 525,349 268,744 149,139
2017 521,450 246,255 170,271
2016 511,099 247,265 159,277
2015 513,843 247,954 153,182
2014 509,151 251,765 151,994
2013 511,693 241,814 151,627
2012 518,106 246,890 141,842
2011 523,004 244,281 140,883
2010 519,864 245,319 137,059
2009 514,530 227,574 135,962
2008 512,854 228,545 130,322

more history ...

New Mexico Population

This data shows the population of New Mexico for the under 18 category and the 18 and over category. In the last 5 years the under 18 population has decreased by 5.24% while the 18 and over population has increased by 2.36%.The total population of New Mexico has increased by 0.54% in the last 5 years.

Changes in New Mexico Population

2019 1 Year Change 5 Year Change
New Mexico Population Under 18 473,850 -1.33% -5.24%
New Mexico Population 18+ 1,622,979 +0.48% +2.36%
New Mexico Total Population 2,096,829 +0.07% +0.54%

New Mexico Population Age Share: Under 18, 18 and Over: 18+, Under 18

New Mexico Population History

Date New Mexico Population Under 18 New Mexico Population 18+ New Mexico Total Population
2019 473,850 1,622,979 2,096,829
2018 480,237 1,615,191 2,095,428
2017 489,722 1,598,348 2,088,070
2016 489,514 1,591,501 2,081,015
2015 499,416 1,585,693 2,085,109
2014 500,078 1,585,494 2,085,572
2013 508,084 1,577,203 2,085,287
2012 515,848 1,569,690 2,085,538
2011 517,753 1,564,471 2,082,224
2010 518,646 1,547,286 2,065,932
2009 514,574 1,495,097 2,009,671
2008 501,738 1,482,618 1,984,356

more history ...

1. The Census defines a vacant unit as belonging to the following set: For rent, Rented not occupied, For sale only, Sold not occupied, For seasonal or recreational or other occasional use, For migrant workers, Other vacant. ↩

Data on deptofnumbers.com is for informational purposes only. No warranty or guarantee of accuracy is offered or implied. Nothing on this site constitutes investment advice. Contact ben@deptofnumbers.com if you have any questions, comments or suggestions. Privacy policy.