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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 5,041 people, 2,015 houses or apartments, and a median cost of homes of $625,337, Placitas house prices are not only among the most expensive in New Mexico, Placitas real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Placitas, accounting for 93.46% of the town's housing units. Other types of housing that are prevalent in Placitas include mobile homes or trailers ( 4.12%), large apartment complexes or high rise apartments ( 1.70%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Placitas. Owner-occupied housing accounts for 93.40% of Placitas's homes, and 80.43% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Placitas 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 Placitas built between 2000 and later ( 37.39%). A lesser amount of the housing stock also hails from before 1939 ( 2.33%). There's also some housing in Placitas built between 1940-1969 ( 1.97%).
Placitas's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Placitas during the period has been just 4.93%, which is lower than 70% of US communities.
Appreciation rates are so strong in Placitas that despite a nationwide downturn in the housing market, Placitas real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Placitas appreciation rates continue to be some of the highest in America, at 8.26%, which is higher than appreciation rates in 87.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Placitas. Placitas appreciation rates in the latest quarter were at 0.76%, which equates to an annual appreciation rate of 3.06%.
Relative to New Mexico, our data show that Placitas's latest annual appreciation rate is higher than 90% of the other cities and towns in New Mexico.
$625,337
for New mexico
for nation
2,015
$2,506 / per month