Belen, NM has an impressive housing market with a median value of $194,800. This is significantly lower than the US median value of $338,100. Despite this, Belen, NM has experienced a higher rate of appreciation in housing over the past year at 13.83%, compared to 8.27% for the whole country. This means that buying a house in Belen now can potentially lead to large returns in the future.
The median home cost in Belen is $194,800. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Belen is up 16.7%.
Average Age of Homes
- The median age of Belen real estate is 39 years old
The Rental Market in Belen
- Renters make up 31.7% of the Belen population
- 2.5% of houses and apartments in Belen, 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.