Housing in Peak Place, NM is a great option for those looking to buy a home. The median value of homes in Peak Place is $48,400, much lower than the US median value of $338,100. In addition to offering an affordable price tag on homes, the area has seen strong appreciation over the last year with an increase of 15.22%, significantly higher than the US appreciation rate of 8.27%. This makes Peak Place an attractive option for potential home buyers and investors alike.
The median home cost in Peak Place is $48,400. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Peak Place is up 15.7%.
Average Age of Homes
- The median age of Peak Place real estate is 32 years old
The Rental Market in Peak Place
- Renters make up 16.7% of the Peak Place population
- 0.0% of houses and apartments in Peak Place, 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.