Magdalena, NM is a great place to consider if you're looking to buy a home. The median value of homes in Magdalena is $151,100, which is considerably lower than the US House Median Value of $338,100. The US 1 year House Appreciation rate is 8.27%, and that same rate is higher in Magdalena at 9.54%. This means that homeowners in the area can look forward to an increase in their home's value over time. With the lower housing prices compared to the rest of the US and a higher house appreciation rate, now is a great time to consider purchasing a home in Magdalena.
The median home cost in Magdalena is $151,100. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Magdalena is up 12.5%.
Average Age of Homes
- The median age of Magdalena real estate is 49 years old
The Rental Market in Magdalena
- Renters make up 6.5% of the Magdalena population
- 5.0% of houses and apartments in Magdalena, 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.