The housing market in Deming, NM is thriving with a median value of $114,200. This is significantly lower than the median house value in the United States, which stands at $338,100. In the past year alone, appreciation for houses in Deming have increased by an impressive 16.79% compared to 8.27% nationally. This demonstrates the popularity of the area among homebuyers and investors looking to capitalize on rising values. The housing situation in Deming looks set to remain strong for years to come, creating great opportunities for those looking to invest in properties there.
The median home cost in Deming is $114,200. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Deming is up 18.3%.
Average Age of Homes
- The median age of Deming real estate is 40 years old
The Rental Market in Deming
- Renters make up 36.3% of the Deming population
- 1.0% of houses and apartments in Deming, 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.