According to statistics, the population in Gallup, NM amounts to 22,063, which shows decline -2% compared to the previous year. The median age of the city’s residents is 30. The average household income is $43,598, shifting growth 13% from the past year, and the average property value in Gallup, NM decline -6% to $123,700 throughout the year.
|Number Of Employees||8,308|
|Median Property Value||$123,700|
The average household income in Gallup, NM grew from $38,646 to $43,598 in the past year. This data is an estimate based upon 6,891 households in Gallup, NM . The chart below presents how household income is distributed in Gallup, NM in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Gallup, NM shifted from $132,000 to $123,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Gallup, NM in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Gallup, NM properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Gallup, NM compared to median property taxes around the country. The prevalent amount of property taxes in Gallup, NM equals $800, which is less than the national average.
|Apartment Size||Oct||vs Last Month|
|2 bed for sale||$130,000||N/A|
|3 bed for sale||$156,737||-2%|
|4+ bed for sale||$160,750||-64.3%|
During Oct 2021, the average price for an apartment in/near Gallup, NM decreased by 56.9% to $152,460.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $130,000. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $156,737. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $160,750 for a big-family home.
|Listing Type||Oct||vs Last Month|
|Houses for sale||$157,607||-55.4%|
|Apartments for sale||$119,000||N/A|
While assessing the property pricing Gallup, NM, you can note that it remains flat with a price tag of $119,000. According to statistics, average house is still $157,607 with no significant changes this month.
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