Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 17,121, 6,012 total housing units (homes and apartments), and a median house value of $178,499, house prices in Sunland Park are solidly below the national average.
Single-family detached homes are the single most common housing type in Sunland Park, accounting for 71.32% of the city's housing units. Other types of housing that are prevalent in Sunland Park include mobile homes or trailers ( 17.63%), duplexes, homes converted to apartments or other small apartment buildings ( 5.22%), and a few large apartment complexes or high rise apartments ( 3.43%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sunland Park. Owner-occupied housing accounts for 77.05% of Sunland Park's homes, and 77.22% have either three or four bedrooms, which is average sized relative to America.
Sunland Park homes and real estate are some of the newest in America. 45.81% of Sunland Park's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Sunland Park real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 45.75%), and between 1940-1969 ( 7.64%).
Appreciation rates for homes in Sunland Park have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.80%, which ranks in the top 40% nationwide. This equates to an annual average Sunland Park house appreciation rate of 6.56%.
Appreciation rates are so strong in Sunland Park that despite a nationwide downturn in the housing market, Sunland Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sunland Park appreciation rates continue to be some of the highest in America, at 10.67%, which is higher than appreciation rates in 96.42% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sunland Park. Sunland Park appreciation rates in the latest quarter were at 4.49%, which equates to an annual appreciation rate of 19.20%.
Importantly, this makes Sunland Park one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to New Mexico, our data show that Sunland Park's latest annual appreciation rate is higher than 90% of the other cities and towns in New Mexico.
$1,235 / per month