The housing market in Monument, NM is slightly different from the rest of the country. The median value for a house in Monument is $236,800, which is significantly lower than the US median value of $338,100. While the US house appreciation rate over the past year was 8.27%, homes in Monument have appreciated at a much slower rate of 4.31%. Despite this difference, Monument continues to be a desirable place to live for many people who are looking for affordable housing options with slower appreciation rates.
The median home cost in Monument is $236,800. Home appreciation the last 10 years has been 51.7%. Home Appreciation in Monument is up 6.2%.
Average Age of Homes
- The median age of Monument real estate is 27 years old
The Rental Market in Monument
- Renters make up 19.4% of the Monument population
- 0.0% of houses and apartments in Monument, 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.