Chama, NM is a great place to invest in real estate. The median value of housing in Chama is $279,300, which is significantly lower than the US median value of $338,100. This makes it an attractive option for potential buyers. Furthermore, the 1 year appreciation rate of housing in Chama is 15.22%, which is higher than the US 1 year appreciation rate of 8.27%. This indicates that buying and investing in property in Chama can be a very lucrative move as values tend to rise faster than the national average.
The median home cost in Chama is $279,300. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Chama is up 15.7%.
Average Age of Homes
- The median age of Chama real estate is 36 years old
The Rental Market in Chama
- Renters make up 18.0% of the Chama population
- 1.7% of houses and apartments in Chama, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.