The housing market in Rodeo, NM is booming! The median value of homes in Rodeo is currently $113,300, which is significantly lower than the median value of homes across the US at $338,100. However, due to strong growth in the local economy, the one year appreciation rate for homes in Rodeo has skyrocketed to 16.79%, far greater than the national average of 8.27%. This indicates that there are plenty of opportunities for prospective home buyers seeking a great deal in the area.
The median home cost in Rodeo is $113,300. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Rodeo is up 18.3%.
Average Age of Homes
- The median age of Rodeo real estate is 40 years old
The Rental Market in Rodeo
- Renters make up 7.4% of the Rodeo population
- 0.0% of houses and apartments in Rodeo, 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.