The housing market in Meadow Lake, NM is quite impressive. The median value of a house in the area is $138,500, which is much lower than the US median of $338,100. This makes Meadow Lake an attractive option for those looking for affordable housing. Furthermore, while the year-over-year appreciation of US homes is 8.27%, homes in Meadow Lake have seen a 13.83% appreciation over the past year - making it an even more desirable option for buyers looking to make a solid investment.
The median home cost in Meadow Lake is $138,500. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Meadow Lake is up 16.7%.
Average Age of Homes
- The median age of Meadow Lake real estate is 29 years old
The Rental Market in Meadow Lake
- Renters make up 21.3% of the Meadow Lake population
- 6.0% of houses and apartments in Meadow Lake, 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.