Hagerman, NM is a great place to invest in real estate. The median housing value in the area is $94,100, which is significantly lower than the US median value of $338,100. In addition, the 1 year house appreciation rate for Hagerman, NM is 4.31%, which is lower than the national average of 8.27%. This means that housing in Hagerman is still affordable and there may be an opportunity for investors to find good deals on properties.
The median home cost in Hagerman is $94,100. Home appreciation the last 10 years has been 51.7%. Home Appreciation in Hagerman is up 6.2%.
Average Age of Homes
- The median age of Hagerman real estate is 64 years old
The Rental Market in Hagerman
- Renters make up 32.2% of the Hagerman population
- 4.6% of houses and apartments in Hagerman, 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.