Home Value Trail

States › New Mexico › 1997

State, one year

New Mexico in 1997

Index change and building permits for the year, with every county.

In 1997 the FHFA house price index for New Mexico changed +2.0%, against +3.8% for the United States and +2.0% in 1996.

10,265 housing units were authorised by building permits in the state that year (8,182 single-family), +0.8% on 1996; the national total was 1,441,136.

+2.0%New Mexico index, 1996–1997US +3.8%
10,265housing units permitted in 19978,182 single-family
17 of 23counties with a rising indexmedian county +2.3%
1,441,136units permitted nationally in 1997
← 1996New Mexico overview1998 →

Counties in 1997

Ranked by the county index change from 1996 to 1997 (FHFA annual county index). Permits are units authorised in 1997; per 1,000 uses the vintage 2025 population.

CountyIndex change 1997Units permittedSingle-familyPer 1,000
Cibola County+12.7%000.0
San Miguel County+10.6%000.0
Los Alamos County+8.6%11110.6
Colfax County+5.8%660.5
Lea County+4.7%12120.2
Grant County+4.3%000.0
Eddy County+4.1%50500.8
Valencia County+3.8%4814815.9
Lincoln County+3.2%1361366.9
San Juan County+3.1%1871871.6
Doña Ana County+2.5%6736732.9
Chaves County+2.3%1461462.3
Roosevelt County+2.1%20201.1
McKinley County+1.7%41410.6
Taos County+1.7%51511.5
Bernalillo County+1.6%2,9352,9354.4
Sandoval County+1.6%1,0141,0146.4
Santa Fe County−0.1%3603602.3
Otero County−0.3%1031031.5
Socorro County−0.7%14140.9
Luna County−1.2%38381.5
Rio Arriba County−1.9%17170.4
Curry County−3.8%30300.6
Quay County—000.0
Sierra County—000.0
Torrance County—000.0
Union County—000.0

Permits by year, 1995–2025

Housing units authorised in New Mexico by year05,00010,00015,0001995: 11,009 units (8,619 single-family, 2,390 in multi-unit buildings)19951996: 10,180 units (8,842 single-family, 1,338 in multi-unit buildings)1997: 10,265 units (8,182 single-family, 2,083 in multi-unit buildings)1998: 10,312 units (9,217 single-family, 1,095 in multi-unit buildings)1999: 9,716 units (8,595 single-family, 1,121 in multi-unit buildings)2000: 8,869 units (8,190 single-family, 679 in multi-unit buildings)20002001: 9,989 units (8,950 single-family, 1,039 in multi-unit buildings)2002: 12,066 units (10,361 single-family, 1,705 in multi-unit buildings)2003: 13,759 units (11,865 single-family, 1,894 in multi-unit buildings)2004: 12,555 units (11,674 single-family, 881 in multi-unit buildings)2005: 14,180 units (13,417 single-family, 763 in multi-unit buildings)20052006: 13,573 units (12,294 single-family, 1,279 in multi-unit buildings)2007: 9,206 units (8,234 single-family, 972 in multi-unit buildings)2008: 6,070 units (5,224 single-family, 846 in multi-unit buildings)2009: 4,642 units (4,140 single-family, 502 in multi-unit buildings)2010: 4,533 units (4,006 single-family, 527 in multi-unit buildings)20102011: 4,067 units (3,399 single-family, 668 in multi-unit buildings)2012: 4,672 units (3,220 single-family, 1,452 in multi-unit buildings)2013: 5,161 units (3,568 single-family, 1,593 in multi-unit buildings)2014: 4,799 units (4,055 single-family, 744 in multi-unit buildings)2015: 4,599 units (3,925 single-family, 674 in multi-unit buildings)20152016: 4,863 units (3,816 single-family, 1,047 in multi-unit buildings)2017: 4,741 units (4,114 single-family, 627 in multi-unit buildings)2018: 4,813 units (4,394 single-family, 419 in multi-unit buildings)2019: 5,020 units (4,285 single-family, 735 in multi-unit buildings)2020: 5,219 units (4,418 single-family, 801 in multi-unit buildings)20202021: 7,753 units (5,465 single-family, 2,288 in multi-unit buildings)2022: 8,633 units (7,155 single-family, 1,478 in multi-unit buildings)2023: 8,511 units (6,835 single-family, 1,676 in multi-unit buildings)2024: 7,572 units (6,488 single-family, 1,084 in multi-unit buildings)2025: 7,747 units (6,296 single-family, 1,451 in multi-unit buildings)2025

Housing units authorised in New Mexico by yearsingle-family2+ unit buildings

Source: Federal Housing Finance Agency annual state and county house price indexes (updated March 31, 2026); Census Bureau Building Permits Survey annual state and county files. Public domain. Methodology.