The housing market in Chimayo, NM is currently thriving. The median value of a house in Chimayo, NM is $252,000 which is significantly lower than the US median of $338,100. Despite the lower cost, the 1 year appreciation rate in Chimayo, NM is 15.22%, which significantly outpaces the US average of 8.27%. This high appreciation rate indicates that buying a house in Chimayo, NM would be a great investment opportunity for those looking to purchase real estate in the area.
The median home cost in Chimayo is $252,000. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Chimayo is up 15.7%.
Average Age of Homes
- The median age of Chimayo real estate is 39 years old
The Rental Market in Chimayo
- Renters make up 21.9% of the Chimayo population
- 0.0% of houses and apartments in Chimayo, 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.