Morningside, NM is a small town with an average housing median value of $44,000. This is significantly lower than the US House Median Value of $338,100. The US has seen a 1-year house appreciation of 8.27%, while Morningside's house appreciation over the same period was 4.31%. Despite the lower appreciation rate in Morningside, it may still be an attractive option for those looking to buy a home given the low cost compared to other parts of the country.
The median home cost in Morningside is $44,000. Home appreciation the last 10 years has been 51.7%. Home Appreciation in Morningside is up 6.2%.
Average Age of Homes
- The median age of Morningside real estate is 25 years old
The Rental Market in Morningside
- Renters make up 16.5% of the Morningside population
- 0.0% of houses and apartments in Morningside, 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.