The housing market in Las Palomas, NM is thriving, with a median house value of $123,500. This is significantly lower than the US median value of $338,100. Furthermore, Las Palomas has seen a higher rate of house appreciation over the past year at 9.54%, compared to 8.27% in the US overall. This indicates that this area is becoming increasingly desirable and provides potential for further growth in property prices. With its relatively low median value and high rate of appreciation, Las Palomas is an attractive option for people looking to purchase or invest in property.
The median home cost in Las Palomas is $123,500. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Las Palomas is up 12.5%.
Average Age of Homes
- The median age of Las Palomas real estate is 21 years old
The Rental Market in Las Palomas
- Renters make up 0.0% of the Las Palomas population
- 0.0% of houses and apartments in Las Palomas, 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.