Fairacres, NM is a great place to invest in housing. The median value for homes in Fairacres is $269,300, which is lower than the US median value of $338,100. This makes it an attractive option not only for reasonable prices but also because it has seen a greater appreciation rate than the national average over the past year with appreciation rates of 16.79% compared to 8.27%. This means that investing in Fairacres real estate could be a smart move and yield healthy returns in the future.
The median home cost in Fairacres is $269,300. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Fairacres is up 18.3%.
Average Age of Homes
- The median age of Fairacres real estate is 30 years old
The Rental Market in Fairacres
- Renters make up 33.5% of the Fairacres population
- 13.5% of houses and apartments in Fairacres, 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.