The housing in Ponderosa Pine, NM is highly desirable with its current median value of $328,900. This is slightly lower than the US House Median Value of $338,100, but Ponderosa Pine has experienced a higher rate of appreciation over the past year with a 13.83% increase compared to 8.27% nationally. Those looking for a great investment in real estate are encouraged to consider Ponderosa Pine as they can benefit from the higher local appreciation rate and low median value.
The median home cost in Ponderosa Pine is $328,900. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Ponderosa Pine is up 16.7%.
Average Age of Homes
- The median age of Ponderosa Pine real estate is 33 years old
The Rental Market in Ponderosa Pine
- Renters make up 3.3% of the Ponderosa Pine population
- 0.0% of houses and apartments in Ponderosa Pine, 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.