Black Rock, NM has a median housing value of $221,600, which is significantly lower than the US median value of $338,100. Despite this discrepancy in values, Black Rock has seen an appreciation rate of 9.54% in the past year, which is higher than the US national average of 8.27%. This suggests that Black Rock's housing market is growing faster compared to the overall national market. It seems that investing in real estate in Black Rock may be a wise decision due to its relatively low median house prices and high appreciation rates.
The median home cost in Black Rock is $221,600. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Black Rock is up 12.5%.
Average Age of Homes
- The median age of Black Rock real estate is 33 years old
The Rental Market in Black Rock
- Renters make up 76.1% of the Black Rock population
- 1.2% of houses and apartments in Black Rock, 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.