The exact number of homeowners in New Mexico is not provided in the available sources. However, according to the U.S. Census Bureau's American Community Survey, the homeownership rate in New Mexico as of 2019 was approximately 67%. This indicates that around two-thirds of the residents in the state are homeowners.
Owning a home has both financial and social implications for individuals and communities. Homeownership plays a significant role in building wealth and equity for individuals and families over time. It provides stability, security, and a sense of belonging within a community. Additionally, homeownership can contribute to the overall economic growth of an area by stimulating the real estate market, creating jobs, and increasing property values.
What is the average number of homeowners per household in New Mexico?
According to the United States Census Bureau, the average number of homeowners per household in New Mexico was 2.59 in 2019.
What is the average number of homeowners per county in New Mexico?
According to the U.S. Census Bureau's American Community Survey data from 2019, there were 552,064 owner-occupied housing units in New Mexico. However, this number includes not just homeowners but also individuals who may be living in owner-occupied units but not necessarily the owners themselves (e.g., renters). Therefore, to accurately determine the average number of homeowners per county in New Mexico, we would need more specific data on the homeownership rate in each county.
