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The Market for Affordable Housing in Taos, New Mexico

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/12915

The Market for Affordable Housing in Taos, New Mexico

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Title: The Market for Affordable Housing in Taos, New Mexico
Author: Mitchell, Jeffrey; O'Donnell, Michael
Subject: Taos, New Mexico
Affordable housing
College campus housing
Housing costs
Housing supply
Home ownership
Household income
Labor force
Abstract: This report presents the findings of a study done by the UNM Bureau of Business and Economic Research on contract for the Town of Taos, New Mexico, and UNM’s Taos branch campus to analyze the Taos housing market. The initial objective was to assess the potential demand for student housing at the UNM-Taos Klauer campus; a broader objective was to understand the dynamics of housing supply and demand in the Taos economy. The study’s findings confirm the perception that the Taos residential housing market is distorted; fewer than five percent of working households could afford a median-priced home in Taos County during the 2006-2010 study period. Two major factors leading to the housing affordability problem are: pressure put on the local housing market by second or “vacation” homes; the limited supply of land for high-density housing within Taos County. Data are displayed in tables and charts. A copy of the survey instrument is included in the appendix.
Date: 2010-08
Publisher: University of New Mexico, Bureau of Business and Economic Research
URI: http://hdl.handle.net/1928/12915


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