El Rito, NM is a great place to buy a house, as the median value of a house is much lower than the US median. Additionally, the 1 year appreciation rate is much higher than the national average, at 15.22%. This means that anyone looking to invest in real estate in El Rito can be sure they are getting a great deal and that their investment will likely appreciate over time. It is also worth noting that even though the housing market in El Rito may be more affordable than other areas, it still has plenty of amenities and attractions to enjoy.
The median home cost in El Rito is $232,800. Home appreciation the last 10 years has been 87.6%. Home Appreciation in El Rito is up 15.7%.
Average Age of Homes
- The median age of El Rito real estate is 32 years old
The Rental Market in El Rito
- Renters make up 21.4% of the El Rito population
- 0.0% of houses and apartments in El Rito, 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.