La Luz, NM is a great place to live with its median housing value standing at $223,900. This is significantly lower than the US median house value of $338,100. Despite this difference, La Luz has seen an impressive 9.54% 1 year appreciation rate in its housing value compared to the US's 8.27% appreciation rate over the same period. This makes it an attractive location for those looking for potential investment opportunities in real estate or to find a new home in a growing community.
The median home cost in La Luz is $223,900. Home appreciation the last 10 years has been 56.6%. Home Appreciation in La Luz is up 12.5%.
Average Age of Homes
- The median age of La Luz real estate is 37 years old
The Rental Market in La Luz
- Renters make up 17.0% of the La Luz population
- 7.3% of houses and apartments in La Luz, 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.