Malaga, NM is an affordable place to buy a home, with the median house value in the area being $310,100. This is substantially lower than the US house median value of $338,100. Despite this lower cost of housing, Malaga still has seen a 4.31% growth in house prices in the last year compared to the US average appreciation of 8.27%. This makes it an excellent place to invest in property as buyers can benefit from affordability and future growth potential.
The median home cost in Malaga is $310,100. Home appreciation the last 10 years has been 51.7%. Home Appreciation in Malaga is up 6.2%.
Average Age of Homes
- The median age of Malaga real estate is 24 years old
The Rental Market in Malaga
- Renters make up 24.0% of the Malaga population
- 0.0% of houses and apartments in Malaga, 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.