The housing market in Arenas Valley, NM is thriving. The median value of a house in Arenas Valley is $146,500, which is significantly lower than the US median value of $338,100. In addition to the affordable housing prices, home values in Arenas Valley have appreciated by 16.79% over the past year; this is nearly double the US appreciation rate of 8.27%. This makes Arenas Valley an attractive option for those looking to purchase a home at an affordable price and receive immediate equity gains from their investment.
The median home cost in Arenas Valley is $146,500. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Arenas Valley is up 18.3%.
Average Age of Homes
- The median age of Arenas Valley real estate is 22 years old
The Rental Market in Arenas Valley
- Renters make up 25.7% of the Arenas Valley population
- 3.5% of houses and apartments in Arenas Valley, 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.