Housing
Metro New Mexico offers extraordinarily diverse housing opportunities with reasonable commuting times. Relocating employees have several options when choosing where to live: in the mountains, near the river in an agricultural area, on a mesa with a 100-mile view, in an historic downtown district whose renewal is receiving national attention, on a golf course, in a 200-year-old adobe under towering cottonwoods, or in a comfortable suburban setting.
Much of the housing stock is new, especially on the west side of the Rio Grande and in Rio Rancho. However, since older, established neighborhoods retain their desirability and southwestern charm, resale activity is strong. The housing market has been surprisingly resilient in the Albuquerque Metro area.
The median price of a single family house in Metro New Mexico compares favorably to other locations. A 2008, Kiplinger.com article named the metro area a safe haven for real estate, noting affordability, an influx of tech companies, and projected population growth above the national average.
|
Albuquerque Metro area |
$163,300 |
|
Western United States |
$205,200 |
Source: National Association of Realtors
