Lemitar, NM is a small town with a population of about 800 people located in Southern New Mexico. The median home value in Lemitar is $114,300, which is significantly lower than the national median home value of $338,100. In the past year, the housing market in Lemitar has appreciated by 9.54%, slightly higher than the US average of 8.27%. This increase in appreciation could be attributed to the increasing popularity of the town as more and more people move to settle down there. As such, Lemitar remains an attractive option for those who are looking to invest in a relatively affordable property that is likely to appreciate in value over time.
The median home cost in Lemitar is $114,300. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Lemitar is up 12.5%.
Average Age of Homes
- The median age of Lemitar real estate is 51 years old
The Rental Market in Lemitar
- Renters make up 0.0% of the Lemitar population
- 0.0% of houses and apartments in Lemitar, 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.