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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.



Placitas, 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

Placitas, NM Housing Market Trends

With a population of 5,041, 2,015 total housing units (homes and apartments), and a median house value of $606,650, 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 Home Appreciation Rates

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 4.73%, which is lower than 80% of US communities.

Over the last year, Placitas appreciation rates have trailed the rest of the nation. In the last twelve months, Placitas's appreciation rate has been 3.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Placitas were at 2.25%, which equates to an annual appreciation rate of 9.33%.

Relative to New Mexico, our data show that Placitas's latest annual appreciation rate is lower than 80% of the other cities and towns in New Mexico.

Average Home Values

Median Home Value

$606,650

Placitas, NM Home Prices
> $1,256,000
$942,001 - $1,256,000
$628,001 - $942,000
$502,001 - $628,000
$377,001 - $502,000
$251,001 - $377,000
$126,001 - $251,000
$63,001 - $126,000
$0 - $63,000
2.0%
2.0%
9.6%
9.6%
27.8%
27.8%
21.7%
21.7%
11.8%
11.8%
12.2%
12.2%
7.2%
7.2%
4.2%
4.2%
3.4%
3.4%
0% 100.0%
% of Homes
Very High

for New mexico

Very High

for nation

Number of Homes And Apartments:

2,015

Placitas Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,601 / per month

Homeownership Rate

Owners
Renters
93.4%
93.4%
6.6%
6.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.8%
9.8%
90.2%
90.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
37.4%
37.4%
58.3%
58.3%
2.0%
2.0%
2.3%
2.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
93.5%
93.5%
0.0%
0.0%
0.7%
0.7%
1.7%
1.7%
4.1%
4.1%
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%
6.2%
6.2%
11.2%
11.2%
65.1%
65.1%
15.3%
15.3%
2.1%
2.1%
0% 100.0%
% of Homes