Monero, NM—87528
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monero, NM
Monero, NM 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 — Monero, NM
Monero, NM 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 — Monero, NM
Monero, NM 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 — Monero, NM
As of the latest ACS Survey released in 2023, Monero, NM has a population of 3,240, which has decreased by -7.7% over the past 5 years. Monero, NM is a moderately popular place for families, as children make up 18.8% of the population. The area has a poorly educated workforce, with 8.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,240 | -7.7% |
% Under 18 | 18.8% | -50.1% |
% Seniors | 16.7% | 119.7% |
% WFH | 2.5% | N/A |
% w/ College Degree | 8.9% | -13.6% |
As of the latest ACS Survey released in 2023, Monero, NM is a predominantly hispanic area, with 14.1% of the population identifying as hispanic. The hispanic population has shrunk by 36.2% in the last 5 years. The second most common race or ethnicity in Monero, NM is white, making up 1.7% of the population. Foreign-born residents account for 1.0% of the population in Monero, NM, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 1.7% | -29.2% |
% Black | 0.4% | -71.4% |
% Hispanic | 14.1% | -36.2% |
% Asian | 0.7% | ∞% |
% Foreign Born | 1.0% | 0.0% |
Mortgage and Risk — Monero, NM
According to HUD data as of 2023, there were 2 mortgage originations in Monero, NM, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Monero, NM. Investor activity is low, as 0.0% of loans were by investors. 50.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 2 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 50.0% |
Loan Activity
Rentals and Section 8 — Monero, NM
Monero, NM 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 | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,120 |
| 4 Bedroom | N/A | N/A | $1,330 |
Affordability — Monero, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $45,300 |