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 Type | 1.90% |
| One Bedroom | 14.60% |
| Two Bedrooms | 28.20% |
| Three Bedrooms | 42.40% |
| Four Bedrooms | 10.50% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.87 |
| Median year structure was built | 1975 |
| Median Value of occupied units | $97,000 |
| Median Price asked for vacant units | $81,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.87 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.30% |
| Home Equity Loan | 4.30% |
| Simple Mortgage | 55.80% |
| Debt Free | 36.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.8% |
