South Valley, NM Real Estate
According to census data in the year 2000 there were 13,737 housing units in South Valley.
This represents a 12.4% growth from 12,226 in 1990.
Of those housing units, 13,572 were located in either urbanized areas or urban clusters, and 165 were located in what is classified as a rural area.
Homeownership rate in South Valley is about 74.8%.
South Valley's vacancy rate, including seasonal lodging, is about 6.6%.
Average household size is 3.05 people.
The majority of houses, apartments or condos in South Valley were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.20% |
| One Bedroom | 13.40% |
| Two Bedrooms | 26.80% |
| Three Bedrooms | 44.50% |
| Four Bedrooms | 11.70% |
| Five Bedrooms or more | 1.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.08 |
| Median year structure was built | 1966 |
| Median Value of occupied units | $95,900 |
| Median Price asked for vacant units | $51,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.95 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $447 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 7.40% |
| Home Equity Loan | 4% |
| Simple Mortgage | 48.70% |
| Debt Free | 39.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19% |
