The housing market in Los Chaves, NM is very impressive. The median value of homes is $176,300, which is much lower than the US House Median Value of $338,100. This means that there are more affordable options for buyers to consider in this area. Despite the lower cost of housing, the appreciation rate has been quite high at 13.83%, which is higher than the US 1 year House Appreciation rate of 8.27%. This indicates that real estate in Los Chaves, NM is a good long-term investment and should be considered by those seeking to buy a home.
The median home cost in Los Chaves is $176,300. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Los Chaves is up 16.7%.
Average Age of Homes
- The median age of Los Chaves real estate is 36 years old
The Rental Market in Los Chaves
- Renters make up 18.3% of the Los Chaves population
- 0.0% of houses and apartments in Los Chaves, 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.