The housing market in La Union, NM is booming. The median value of homes in the area is $284,900, which is significantly lower than the US median value of $338,100. This makes La Union an attractive option for those looking to purchase a home. In addition, home values have appreciated over the past year by 16.79%, higher than the US 1 year house appreciation of 8.27%. Investing in housing in La Union would be a wise decision given the high rates of return and lower prices compared to other areas.
The median home cost in La Union is $284,900. Home appreciation the last 10 years has been 65.2%. Home Appreciation in La Union is up 18.3%.
Average Age of Homes
- The median age of La Union real estate is 27 years old
The Rental Market in La Union
- Renters make up 26.9% of the La Union population
- 0.0% of houses and apartments in La Union, 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.