Elida, NM is a great place for those looking to invest in property as the median value of housing there is much lower than the national average. The value of housing has seen a 9.54% increase in one year, which is higher than the US average of 8.27%. With this appreciation rate, buying a home in Elida could potentially be a wise investment decision with plenty of potential for growth and profit.
The median home cost in Elida is $119,600. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Elida is up 12.5%.
Average Age of Homes
- The median age of Elida real estate is 62 years old
The Rental Market in Elida
- Renters make up 22.0% of the Elida population
- 0.0% of houses and apartments in Elida, 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.