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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Bosque Farms, NM Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bosque Farms, NM Housing Market Trends

With 4,043 people, 1,569 houses or apartments, and a median cost of homes of $342,615, Bosque Farms real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bosque Farms, accounting for 74.84% of the village's housing units. Other types of housing that are prevalent in Bosque Farms include mobile homes or trailers ( 24.29%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bosque Farms. Owner-occupied housing accounts for 90.89% of Bosque Farms's homes, and 85.40% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bosque Farms 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 Bosque Farms built between 2000 and later ( 19.50%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.66%). There's also some housing in Bosque Farms built before 1939 ( 1.43%).

Bosque Farms Home Appreciation Rates

Real estate appreciation rates in Bosque Farms's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.33% during the period.

Over the last year, Bosque Farms appreciation rates have trailed the rest of the nation. In the last twelve months, Bosque Farms's appreciation rate has been 4.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bosque Farms were at 2.25%, which equates to an annual appreciation rate of 9.33%.

Relative to New Mexico, our data show that Bosque Farms's latest annual appreciation rate is lower than 70% of the other cities and towns in New Mexico.

Average Home Values

Median Home Value

$342,615

Bosque Farms, NM Home Prices
> $1,409,000
$1,057,001 - $1,409,000
$704,001 - $1,057,000
$563,001 - $704,000
$423,001 - $563,000
$282,001 - $423,000
$141,001 - $282,000
$71,001 - $141,000
$0 - $71,000
0.0%
0.0%
4.6%
4.6%
10.7%
10.7%
5.6%
5.6%
14.8%
14.8%
41.0%
41.0%
10.8%
10.8%
7.5%
7.5%
5.0%
5.0%
0% 100.0%
% of Homes
Very High

for New mexico

High

for nation

Number of Homes And Apartments:

1,569

Bosque Farms Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,409 / per month

Homeownership Rate

Owners
Renters
90.9%
90.9%
9.1%
9.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.5%
2.5%
97.5%
97.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
19.5%
19.5%
64.4%
64.4%
14.7%
14.7%
1.4%
1.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
74.8%
74.8%
0.9%
0.9%
0.0%
0.0%
0.0%
0.0%
24.3%
24.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
0.9%
0.9%
8.5%
8.5%
69.9%
69.9%
15.5%
15.5%
5.2%
5.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Bosque Farms

Zip Codes in Bosque Farms, NM