Housing in Monterey Park, NM is an attractive option for potential home buyers. The median value of homes in the area is $115,200, significantly lower than the US House Median Value of $338,100. Furthermore, over the past year, the house appreciation rate for Monterey Park has been 13.83%, which is higher than the US 1 year House Appreciation rate of 8.27%. This makes Monterey Park an attractive choice for both current homeowners looking to increase their equity and new homebuyers looking to invest in a growing market.
The median home cost in Monterey Park is $115,200. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Monterey Park is up 16.7%.
Average Age of Homes
- The median age of Monterey Park real estate is 39 years old
The Rental Market in Monterey Park
- Renters make up 17.0% of the Monterey Park population
- 0.0% of houses and apartments in Monterey Park, 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.