USA.com / New Mexico / San Miguel County / Las Vegas, NM / Housing

Las Vegas, NM Housing

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As of 2010-2014, median price of a house in Las Vegas is $112,700, which is lower than the state average of $159,300 and is lower than the national average of $175,700. The Las Vegas median house value has grown by 29.39% since 2000. The growth rate for the price of a house in Las Vegas is lower than the state average rate of 47.36% and is lower than the national average rate of 46.91%. The median year that a house in Las Vegas was built is 1967, which is older than the median year for a house built in the state which is 1981 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 3,379 Owner Occupied Houses in Las Vegas, NM, #163

Las Vegas, NM	112,700 USD
New Mexico	159,300 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #134

Las Vegas, NM	29.39%
New Mexico	47.36%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Las Vegas, NM	New Mexico	U.S.
Total Housing Units	6,345, see rank, 100%	907,233	132,741,033
Occupied Housing Units	5,319, 83.83%, see rank	84.29%	87.55%
Owner Occupied	3,379, 53.25%, see rank	57.46%	56.34%
Renter Occupied	1,940, 30.58%, see rank	26.83%	31.21%
Vacant Housing Units	1,026, 16.17%, see rank	15.71%	12.45%
For Rent	251, 3.96%, see rank	2.38%	2.34%
For Sale Only	93, 1.47%, see rank	1.36%	1.20%
Rented or Sold, Not Occupied	23, 0.36%, see rank	0.84%	0.92%
For Seasonal, Recreational, or Occasional Use	52, 0.82%, see rank	5.69%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.11%	0.03%
Other Vacant	607, 9.57%, see rank	5.34%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #345

Las Vegas, NM	New Mexico	U.S.
1967	1981	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Las Vegas, NM	%	New Mexico	U.S.
Owner-Occupied Units	3,379	100%	521,278	74,787,460
With a Mortgage	1,655	48.98%, see rank	58.53%	65.58%
Without a Mortgage	1,724	51.02%, see rank	41.47%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Las Vegas, NM	1,081 USD
New Mexico	1,242 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Las Vegas, NM	%	New Mexico	U.S.
$299 or Less	0	0.00%, see rank	0.22%	0.20%
$300 to $499	72	4.35%, see rank	2.56%	1.59%
$500 to $699	203	12.27%, see rank	8.36%	5.01%
$700 to $999	395	23.87%, see rank	20.68%	14.32%
$1,000 to $1,499	646	39.03%, see rank	34.20%	27.90%
$1,500 to $1,999	171	10.33%, see rank	18.89%	20.35%
$2,000 to $2,999	148	8.94%, see rank	11.36%	19.52%
$3,000 or More	20	1.21%, see rank	3.72%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Las Vegas, NM	29.10% of the Total Income
New Mexico	23.20% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Las Vegas, NM	%	New Mexico	U.S.
10% or Less	77	4.65%, see rank	7.26%	5.86%
10% to 20%	270	16.31%, see rank	32.85%	31.95%
20% to 30%	522	31.54%, see rank	25.70%	27.64%
30% to 40%	162	9.79%, see rank	12.87%	13.74%
40% or More	618	37.34%, see rank	20.48%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Las Vegas, NM	320 USD
New Mexico	324 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Las Vegas, NM	%	New Mexico	U.S.
$199 or Less	367	21.29%, see rank	19.60%	7.76%
$200 to $299	419	24.30%, see rank	24.69%	14.70%
$300 to $499	605	35.09%, see rank	37.15%	34.63%
$500 to $699	245	14.21%, see rank	12.63%	21.16%
$700 or More	88	5.10%, see rank	5.93%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Las Vegas, NM	15.70% of the Total Income
New Mexico	10.00% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Las Vegas, NM	%	New Mexico	U.S.
10% or Less	541	31.38%, see rank	49.80%	40.19%
10% to 20%	478	27.73%, see rank	27.25%	31.47%
20% to 30%	372	21.58%, see rank	9.72%	12.24%
30% to 40%	84	4.87%, see rank	4.52%	5.64%
40% or More	186	10.79%, see rank	6.81%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Las Vegas, NM	New Mexico	U.S.
Total Housing Units	6,345, 100%	907,233	132,741,033
1-unit, Detached	4,106, 64.71%, see rank	64.81%	61.65%
1-unit, Attached	144, 2.27%, see rank	3.71%	5.82%
2 Units	475, 7.49%, see rank	1.92%	3.75%
3 or 4 Units	318, 5.01%, see rank	3.65%	4.43%
5 to 9 Units	202, 3.18%, see rank	2.72%	4.78%
10 or More Units	161, 2.54%, see rank	6.53%	13.08%
Mobile Home, Boat, RV, Van, etc.	939, 14.80%, see rank	16.67%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Las Vegas, NM	New Mexico	U.S.
Total Housing Units	6,345, 100%	907,233	132,741,033
1 Room	18, 0.28%, see rank	2.62%	1.95%
2 Rooms	180, 2.84%, see rank	2.34%	2.48%
3 Rooms	769, 12.12%, see rank	7.65%	9.13%
4 Rooms	1,261, 19.87%, see rank	17.57%	16.60%
5 Rooms	1,577, 24.85%, see rank	24.59%	20.41%
6 Rooms	1,130, 17.81%, see rank	20.08%	18.06%
7 Rooms	655, 10.32%, see rank	12.20%	12.27%
8 Rooms	352, 5.55%, see rank	6.66%	8.48%
9 Rooms or More	403, 6.35%, see rank	6.29%	10.60%
Median Rooms	5.10, see rank	5.30	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Las Vegas, NM	New Mexico	U.S.
Total Housing Units	6,345, 100%	907,233	132,741,033
No Bedroom	37, 0.58%, see rank	2.87%	2.17%
1 Bedroom	1,020, 16.08%, see rank	9.24%	11.16%
2 Bedrooms	2,141, 33.74%, see rank	25.66%	26.69%
3 Bedrooms	2,579, 40.65%, see rank	46.23%	39.70%
4 Bedrooms	450, 7.09%, see rank	13.82%	16.05%
5 or More Bedrooms	118, 1.86%, see rank	2.18%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Las Vegas, NM	New Mexico	U.S.
Total Housing Units	5,319, 100%	764,684	116,211,092
Utility Gas	2,761, 51.91%, see rank	66.93%	48.85%
Bottled, Tank, or LP Gas	399, 7.50%, see rank	8.60%	4.86%
Electricity	801, 15.06%, see rank	16.11%	36.68%
Fuel Oil, Kerosene, etc.	12, 0.23%, see rank	0.13%	5.86%
Coal or Coke	0, 0.00%, see rank	0.04%	0.12%
Wood	1,167, 21.94%, see rank	6.80%	2.12%
Solar Energy	39, 0.73%, see rank	0.26%	0.05%
Other Fuel	121, 2.27%, see rank	0.94%	0.47%
No Fuel Used	19, 0.36%, see rank	0.19%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Las Vegas, NM	New Mexico	U.S.
Occupied Units Paying Rent	1,758, 100%	224,786	39,201,928
$199 or Less	122, 6.94%, see rank	1.92%	1.50%
$200 to $299	123, 7.00%, see rank	3.59%	3.18%
$300 to $499	368, 20.93%, see rank	11.64%	7.37%
$500 to $699	606, 34.47%, see rank	23.80%	16.01%
$700 to $999	375, 21.33%, see rank	31.60%	29.17%
$1,000 to $1,499	164, 9.33%, see rank	21.59%	26.88%
$1,500 to $1,999	0, 0.00%, see rank	4.42%	9.79%
$2,000 or More	0, 0.00%, see rank	1.44%	6.10%
Median	$568, see rank	$774	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Las Vegas, NM	New Mexico	U.S.
Occupied Housing Units	5,319, 100%	764,684	116,211,092
No Vehicles Available	590, 11.09%, see rank	5.73%	9.12%
1 Vehicles Available	2,478, 46.59%, see rank	33.48%	33.80%
2 Vehicles Available	1,212, 22.79%, see rank	37.82%	37.48%
3 or More Vehicles Available	1,039, 19.53%, see rank	22.97%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.