The housing market in Madrone, NM is thriving. The median value of homes in the area is $117,900, which is much lower than the US median value, which currently stands at $338,100. This makes Madrone an attractive option for potential home buyers. Additionally, the 1 year house appreciation in Madrone is 13.83%, which is significantly higher than the US wide average of 8.27%. This indicates that there are opportunities to make excellent returns on investment in real estate within this location.
The median home cost in Madrone is $117,900. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Madrone is up 16.7%.
Average Age of Homes
- The median age of Madrone real estate is 34 years old
The Rental Market in Madrone
- Renters make up 20.6% of the Madrone population
- 0.0% of houses and apartments in Madrone, 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.