Building Costs Per Square Foot in the State of New Mexico – Single Family Homes

New Mexico 2833 E Springs Road Las Cruces NM88011 - 4 Bed and 3 Baths with 2 Attached Garages on Gross Floor Area 2,439 sqft - Built in 2022 - Price $429,000 (3)_result

Newly Built House in New Mexico 2833 E Springs Road Las Cruces NM88011 – 4 Bed and 3 Baths with 2 Attached Garages on Gross Floor Area 2,439 sqft – Built in 2022 – Price $429,000 (3)_result

As of 2024, building costs in the state of New Mexico are -10% below the national average. The charts below show a comparison of costs between luxury, semi-luxury, best, good, average and minimum standard single-family houses. Costs are also given for manufactured housing in five quality classes.

2024 Building Costs Per Square Foot for Single Family Homes in the State of New Mexico, USA

  • Class 1 – Luxury Homes – $335.86 to $547.26 per sqft
  • Class 2 – Semi Luxury Homes – $204.14 to $332.60 per sqft
  • Class 3 – Best Standard Homes – $132.18 to $213.04 per sqft
  • Class 4 – Good Standard Homes – $96.29 to $156.97 per sqft
  • Class 5 – Average Standard Homes – $78.19 to $127.25 per sqft
  • Class 6 – Minimum Standard  Homes – $61.67 to $100.45 per sqft
New Mexico Single Family Houses 2024 Building Costs

New Mexico Single Family Houses 2024 Building Costs

2024 Building Costs Per Square Foot for Manufactured Housing in the State of New Mexico, USA

Manufactured housing is composed of one or more prefabricated modular units which are delivered to the site and assembled on a RC foundation or slab.

  • Best Quality Housing – $124.91 to $144.80 per sqft
  • Good Quality Housing – $104.62 to $127.76 per sqft
  • Average Quality Housing – $83.90 to $111.26 per sqft
  • Low Average Quality Housing – $70.72 to $96.94 per sqft
  • Lowest Quality Housing – $60.47 to $85.75 per sqft
New Mexico Manufactured Housing 2024 Building Costs

New Mexico Manufactured Housing 2024 Building Costs

 

2022 Residential Construction Market Analysis in the State of New Mexico, USA

Building costs are 8% below the national average in the state of New Mexico, equivalent to Nebraska and closer to the state of Arkansas and Idaho by a deviation of 1%. New Mexico’s ancient living cultures, awe-inspiring landscapes, unknown settlements, and authentic features have made it an oasis for music festivals and recreational activities alike. New Mexico is the place to be if you’re looking for adventure based on culture, to nurture the spirit and feed the soul. But it’s not all about tourism or just “hanging out” in New Mexico, it’s also a great place to live.

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