Mesilla, NM has seen robust growth in its housing market over the past year. The median value for houses in Mesilla is $263,900, significantly lower than the national median of $338,100. This lower cost of living is certainly attractive for prospective buyers. But even more impressive is the one year house appreciation rate in Mesilla which stands at 16.79%, far higher than the US rate of 8.27%. It looks like Mesilla is a great place to invest in housing as it offers an affordable lifestyle along with attractive investment opportunities.
The median home cost in Mesilla is $263,900. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Mesilla is up 18.3%.
Average Age of Homes
- The median age of Mesilla real estate is 51 years old
The Rental Market in Mesilla
- Renters make up 33.6% of the Mesilla population
- 1.6% of houses and apartments in Mesilla, 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.