Lee Acres, NM is a great place to own a home, as the median housing value is significantly lower than the US median. In addition, the 1 year appreciation rate in Lee Acres is higher than the national average at 15.14%, meaning that homeowners can expect to have their investments increase considerably over time. With this in mind and a lower median house value compared to the national average, Lee Acres could be an attractive option for those looking to invest in real estate.
The median home cost in Lee Acres is $188,700. Home appreciation the last 10 years has been 37.1%. Home Appreciation in Lee Acres is up 13.4%.
Average Age of Homes
- The median age of Lee Acres real estate is 33 years old
The Rental Market in Lee Acres
- Renters make up 19.5% of the Lee Acres population
- 1.0% of houses and apartments in Lee Acres, 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.