Hernandez, NM is a thriving community with an attractive housing market. The median value of houses in the Hernandez area is $186,400, which is significantly lower than the US median value of $338,100. Despite the lower cost of housing, Hernandez has seen a remarkable 15.22% appreciation rate over the last year – much higher than the national 8.27% appreciation rate for houses. With its strong real estate market and affordable housing prices, Hernandez makes an excellent choice for anyone looking to purchase a home.
The median home cost in Hernandez is $186,400. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Hernandez is up 15.7%.
Average Age of Homes
- The median age of Hernandez real estate is 43 years old
The Rental Market in Hernandez
- Renters make up 17.4% of the Hernandez population
- 0.5% of houses and apartments in Hernandez, 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.