The housing market in Los Cerrillos, NM is flourishing with a median value of $452,600—well above the US median value of $338,100. The house appreciation rate in Los Cerrillos over the past year has been 13.83%, much higher than the nation-wide rate of 8.27%. This is indicative of a strong and vibrant local economy as well as a high quality of living for those who call the area home. With its increasing popularity and positive outlook, Los Cerrillos offers a great opportunity for potential homeowners to invest in their future.
The median home cost in Los Cerrillos is $452,600. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Los Cerrillos is up 16.7%.
Average Age of Homes
- The median age of Los Cerrillos real estate is 37 years old
The Rental Market in Los Cerrillos
- Renters make up 36.1% of the Los Cerrillos population
- 0.0% of houses and apartments in Los Cerrillos, 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.