Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 328 people, 187 houses or apartments, and a median cost of homes of $93,593, house prices in Fort Wingate are some of the most affordable in New Mexico as well as the nation.
Single-family detached homes are the single most common housing type in Fort Wingate, accounting for 83.48% of the town's housing units. Other types of housing that are prevalent in Fort Wingate include duplexes, homes converted to apartments or other small apartment buildings ( 16.52%).
Renters dominate Fort Wingate's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Fort Wingate's housing was primarily built during this period, from the '40s through the '60s. A full 85.71% of the town's housing hails from this era. Other housing ages represented in Fort Wingate include homes built between 1970-1999 ( 14.29%) and housing constructed between 2000 and later ( 0.00%).
Vacant housing appears to be an issue in Fort Wingate. Fully 16.52% of the housing stock is classified as vacant. Left unchecked, vacant Fort Wingate homes and apartments can be a drag on the real estate market, holding Fort Wingate real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Fort Wingate's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.52% during the period.
Over the last year, Fort Wingate appreciation rates have trailed the rest of the nation. In the last twelve months, Fort Wingate's appreciation rate has been 5.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fort Wingate were at 3.18%, which equates to an annual appreciation rate of 13.34%.
Importantly, this makes Fort Wingate one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to New Mexico, our data show that Fort Wingate's latest annual appreciation rate is lower than 60% of the other cities and towns in New Mexico.
$93,593
for New mexico
for nation
187
$1,693 / per month