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Gallup, NM Real Estate


According to census data in the year 2000 there were 7,318 housing units in Gallup. This represents a 9.1% growth from 6,706 in 1990.

Of those housing units, 7,158 were located in either urbanized areas or urban clusters, and 160 were located in what is classified as a rural area.

Homeownership rate in Gallup is about 60.6%. Gallup's vacancy rate, including seasonal lodging, is about 7%. Average household size is 2.87 people.

The majority of houses, apartments or condos in Gallup were built after 1974.

Statistics

Housing Size

Housing Units by Size
Studio Type1.90%
One Bedroom14.60%
Two Bedrooms28.20%
Three Bedrooms42.40%
Four Bedrooms10.50%
Five Bedrooms or more2.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.87
Median year structure was built1975
Median Value of occupied units$97,000
Median Price asked for vacant units$81,600

Rented Homes, Apartments and Condos

Average Household Size2.87
Median year structure was built1972
Median Monthly Rent asked for vacant units$375

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.30%
Home Equity Loan4.30%
Simple Mortgage55.80%
Debt Free36.70%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.8%