The housing market in Alamo, NM is strong and relatively affordable compared to the rest of the country. The median value of homes in Alamo is $45,300 which is significantly lower than the US median value of $338,100. Additionally, the 1 year house appreciation rate in Alamo is 9.54%, which is higher than the national average of 8.27%. This indicates that investing in a home in this area may be a wise choice at this time due to its comparatively low cost and potential for appreciation in value over time.
The median home cost in Alamo is $45,300. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Alamo is up 12.5%.
Average Age of Homes
- The median age of Alamo real estate is 44 years old
The Rental Market in Alamo
- Renters make up 15.6% of the Alamo population
- 0.0% of houses and apartments in Alamo, 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.