Santa Cruz, NM has seen a large increase in housing prices over the past year. According to current data, the median value of houses in Santa Cruz is $284,100, which is significantly lower than the US House Median Value of $338,100. But what's even more impressive is that the 1 year house appreciation rate in Santa Cruz is 15.22%, compared to just 8.27% nationally. This suggests that Santa Cruz is a great place to invest in property, as it offers an attractive return on investment for those looking to buy a home.
The median home cost in Santa Cruz is $284,100. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Santa Cruz is up 15.7%.
Average Age of Homes
- The median age of Santa Cruz real estate is 34 years old
The Rental Market in Santa Cruz
- Renters make up 52.7% of the Santa Cruz population
- 7.4% of houses and apartments in Santa Cruz, 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.