The housing market in Maxwell, NM is very strong. The median value for a house is $117,500, which is significantly lower than the US median value of $338,100. In addition to the affordable prices, the appreciation rate for houses over the past year has been 9.54%, higher than the US average of 8.27%. This makes Maxwell an attractive place to buy and invest in real estate due to its relatively low prices and strong growth potential.
The median home cost in Maxwell is $117,500. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Maxwell is up 12.5%.
Average Age of Homes
- The median age of Maxwell real estate is 42 years old
The Rental Market in Maxwell
- Renters make up 27.6% of the Maxwell population
- 3.2% of houses and apartments in Maxwell, 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.