El Cerro, NM is a great place to purchase a home. The median housing value in El Cerro is $215,500 which is much lower than the US house median value of $338,100. Furthermore, the 1 year house appreciation rate for El Cerro is 13.83%, whereas the national average rate of appreciation stands at 8.27%. This shows that the homes purchased in El Cerro are appreciating more quickly than the national average and could be a great investment opportunity for potential homeowners.
The median home cost in El Cerro is $215,500. Home appreciation the last 10 years has been 71.2%. Home Appreciation in El Cerro is up 16.7%.
Average Age of Homes
- The median age of El Cerro real estate is 28 years old
The Rental Market in El Cerro
- Renters make up 3.3% of the El Cerro population
- 0.0% of houses and apartments in El Cerro, 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.