Rare Metals—86045
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rare Metals
Rare Metals lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Rare Metals
Rare Metals lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Rare Metals
Rare Metals lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Rare Metals
As of the latest ACS Survey released in 2023, Rare Metals has a population of 10,700, which has decreased by -8.1% over the past 5 years. Rare Metals is a popular place for families, as children make up 27.2% of the population. The area has a poorly educated workforce, with 16.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,700 | -8.1% |
% Under 18 | 27.2% | -6.5% |
% Seniors | 13.2% | 36.1% |
% WFH | 8.1% | 39.7% |
% w/ College Degree | 16.4% | 7.9% |
As of the latest ACS Survey released in 2023, Rare Metals is a predominantly hispanic area, with 5.1% of the population identifying as hispanic. The hispanic population has grown by 363.6% in the last 5 years. The second most common race or ethnicity in Rare Metals is white, making up 3.4% of the population. Foreign-born residents account for 1.1% of the population in Rare Metals, and this percentage has increased by 266.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 3.4% | 47.8% |
% Black | 0.7% | 600.0% |
% Hispanic | 5.1% | 363.6% |
% Asian | 0.2% | 0.0% |
% Foreign Born | 1.1% | 266.7% |
Mortgage and Risk — Rare Metals
According to HUD data as of 2023, there were 6 mortgage originations in Rare Metals, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 101.0%, with 100.0% above 90% LTV (very high). This implies large mortgage risk in Rare Metals. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 6 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Rare Metals
Rare Metals lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,390 |
| 2 Bedroom | N/A | N/A | $1,680 |
| 3 Bedroom | N/A | N/A | $2,030 |
| 4 Bedroom | N/A | N/A | $2,370 |
Affordability — Rare Metals
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $49,600 |