Top 5 Real Estate Investment Markets in New Mexico
There are a number of cities in New Mexico that have a booming real estate market. Sales numbers have consistently increased despite inventory lagging behind demand. Pockets of population and economic activity have created something of a Jekyll-and-Hyde dynamic within the Land of Enchantment, many neighborhoods appreciated in value over the past decade but at growth rates that lag neighboring states and the nation as a whole.
Each City has a unique Lifestyle and business environment — giving the buyer lots of options to consider with new investment opportunity!
Santa Fe
Santa Fe, like so many other New Mexico markets, has been busy breaking records in the last few months. There is a lot to like about Santa Fe for those considering moving there. The city is a tourism hub and blends aspects of Spanish, Native American, and Hispanic culture. It also boasts incredible natural beauty thanks to its location among the Sangre de Cristo mountains.
Albuquerque
Albuquerque’s strong economic prospects are a reason why real estate investors rank the city highly. It hosts the offices of companies like Intel, Honeywell, General Mills, Thomas & Betts, and Netflix. Albuquerque also benefits from the many educational institutions in the city, including the University of New Mexico and Carrington College.
Rio Rancho
The city lies to the west of the Rio Grande and is flanked by the beautiful Sandia Mountains. It is well-liked by families for the quality of schools and generally safe environment. Rio Rancho’s economy is driven by the presence of large companies like Intel and Hewlett Packard.
los alamos
Inventory hasn’t managed to keep pace with the demand for housing in the area. That’s partly because the Los Alamos National Laboratory and similar companies bring thousands of new people to the city as employees while those retiring stick around. The demand for houses has gone up as a result.
Las Cruces
Las Cruces is the second most populated city in the state of New Mexico. The city attracts new residents thanks to the presence of companies like Virgin Galactic and educational institutions like New Mexico State University.
Those considering investing in real estate in New Mexico should do so with the help of a well connected Real Estate team. Sun Mountain can help guide buyers on the investment potential of properties and help negotiate best prices.
Read more about ‘New Mexico’s Most Wanted’ HERE .