Santa Teresa, NM has seen an impressive rise in housing values over the past year, with a median value of $279,400. This is much lower than the US house median value of $338,100 but it has appreciated at a much higher rate of 16.79%, almost double the US 1 year house appreciation rate of 8.27%. This shows that Santa Teresa continues to be an attractive market for home buyers due to its low prices and increasing value. With this heightened appreciation in the housing market, now might be an ideal time for individuals or families interested in purchasing a home in Santa Teresa.
The median home cost in Santa Teresa is $279,400. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Santa Teresa is up 18.3%.
Average Age of Homes
- The median age of Santa Teresa real estate is 24 years old
The Rental Market in Santa Teresa
- Renters make up 39.8% of the Santa Teresa population
- 4.4% of houses and apartments in Santa Teresa, 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.