Gallup, New Mexico has an attractive housing market with a median value of $169,200. This is significantly lower than the US house median value of $338,100, but still a good investment for potential buyers. Home values in Gallup have appreciated at an even faster rate than the US average over the past year, coming in at 9.54%. This makes it an ideal place to invest in real estate in the short and long term with excellent prospects for future growth and appreciation.
The median home cost in Gallup is $169,200. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Gallup is up 12.5%.
Average Age of Homes
- The median age of Gallup real estate is 39 years old
The Rental Market in Gallup
- Renters make up 29.8% of the Gallup population
- 0.0% of houses and apartments in Gallup, 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.