Lake Valley, NM has a median house value of $173,000, significantly lower than the US median house value of $338,100. House appreciation over the past year in Lake Valley is much higher than the US appreciation rate as well; at 15.14%, it is nearly double that of the US rate which is 8.27%. This indicates that home values in Lake Valley are increasing quickly and could be a great investment opportunity for those looking to purchase or invest in real estate.
The median home cost in Lake Valley is $173,000. Home appreciation the last 10 years has been 37.1%. Home Appreciation in Lake Valley is up 13.4%.
Average Age of Homes
- The median age of Lake Valley real estate is 15 years old
The Rental Market in Lake Valley
- Renters make up 0.0% of the Lake Valley population
- 0.0% of houses and apartments in Lake Valley, 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.