The housing market in Corona, NM is booming, with the median value of homes standing at $175,600 - significantly lower than the US house median value of $338,100. While nationally the appreciation rate for houses is 8.27%, in Corona, NM it has been even higher at 9.54%. This means that people who have invested in homes in this area are seeing great returns on their investments. The appreciation rate for housing here is encouraging more people to invest or buy property here as it continues to offer a good inflation-adjusted return on investment.
The median home cost in Corona is $175,600. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Corona is up 12.5%.
Average Age of Homes
- The median age of Corona real estate is 53 years old
The Rental Market in Corona
- Renters make up 7.6% of the Corona population
- 9.5% of houses and apartments in Corona, 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.