Reserve, NM Real Estate

According to census data in the year 2000 there were 263 housing units in Reserve. This represents a 64.4% growth from 160 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 263 were located in what is classified as a rural area.

Homeownership rate in Reserve is about 73.6%. Reserve's vacancy rate, including seasonal lodging, is about 20.9%. Average household size is 2.27 people.

The majority of houses, apartments or condos in Reserve were built after 1973.


Housing Size

Housing Units by Size
Studio Type3%
One Bedroom12.20%
Two Bedrooms39.90%
Three Bedrooms36.10%
Four Bedrooms7.20%
Five Bedrooms or more1.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.13
Median year structure was built1973
Median Value of occupied units$75,300
Median Price asked for vacant units$33,800

Rented Homes, Apartments and Condos

Average Household Size2.65
Median year structure was built1971
Median Monthly Rent asked for vacant units$275

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.50%
Home Equity Loan2.50%
Simple Mortgage24.70%
Debt Free70.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.5%