El Rancho, NM Real Estate
According to census data in the year 2000 there were 345 housing units in El Rancho.
Of those housing units, 165 were located in either urbanized areas or urban clusters, and 180 were located in what is classified as a rural area.
Homeownership rate in El Rancho is about 78%.
El Rancho's vacancy rate, including seasonal lodging, is about 10.4%.
Average household size is 2.65 people.
The majority of houses, apartments or condos in El Rancho were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 6.40% |
| Two Bedrooms | 39.40% |
| Three Bedrooms | 44.10% |
| Four Bedrooms | 9% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.79 |
| Median year structure was built | 1975 |
| Median Value of occupied units | $223,700 |
| Median Price asked for vacant units | $275,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.18 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $440 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.30% |
| Home Equity Loan | 2.70% |
| Simple Mortgage | 36% |
| Debt Free | 54% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.3% |
