The housing market in Lake Sumner, NM is quite affordable compared to the national average. The median value of a house in Lake Sumner is around $42,000, which is much lower than the US House Median Value of $338,100. In the past year alone, the US has seen an 8.27% appreciation in house values while Lake Sumner has seen an even higher rate of 9.54%. This is great news for those looking to buy or invest in a home in this area as it means that their investment will increase over time.
The median home cost in Lake Sumner is $42,000. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Lake Sumner is up 12.5%.
Average Age of Homes
- The median age of Lake Sumner real estate is 36 years old
The Rental Market in Lake Sumner
- Renters make up 4.2% of the Lake Sumner population
- 0.0% of houses and apartments in Lake Sumner, 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.