Raton, NM is a small town in the New Mexico region that offers affordable housing options. The median value of a house in Raton is currently $133,400, which is significantly lower than the US median value of $338,100. This means that it's an attractive option for those looking to buy a home. Along with its affordability, houses in Raton have appreciated by 9.54% over the past year - a rate higher than the national average of 8.27%. All in all, Raton is an excellent place to consider buying property due to its relatively low prices and growing appreciation rate.
The median home cost in Raton is $133,400. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Raton is up 12.5%.
Average Age of Homes
- The median age of Raton real estate is 52 years old
The Rental Market in Raton
- Renters make up 28.0% of the Raton population
- 0.8% of houses and apartments in Raton, 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.