Espanola, NM is a great place to invest in housing. The median value of a house there is $269,000, which is significantly lower than the US median value of $338,100. Additionally, the house appreciation 1 year rate in Espanola is 15.22%, which is higher than the national average of 8.27%. Investing in housing here could be a great way to make a profit in the long-term.
The median home cost in Espanola is $269,000. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Espanola is up 15.7%.
Average Age of Homes
- The median age of Espanola real estate is 38 years old
The Rental Market in Espanola
- Renters make up 31.4% of the Espanola population
- 1.5% of houses and apartments in Espanola, 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.