Cloudcroft, NM is a great place to buy a home. The median value of housing in the area is $264,600, which is lower than the US median value of $338,100. In the past year, the house appreciation rate in Cloudcroft was 9.54%, higher than the US appreciation rate of 8.27%. This makes investing in this area an attractive option for anyone looking to own their own home. With the value of homes increasing at a greater rate than other parts of the country, now could be a great time to purchase property in Cloudcroft.
The median home cost in Cloudcroft is $264,600. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Cloudcroft is up 12.5%.
Average Age of Homes
- The median age of Cloudcroft real estate is 41 years old
The Rental Market in Cloudcroft
- Renters make up 8.0% of the Cloudcroft population
- 2.5% of houses and apartments in Cloudcroft, 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.