The housing market in Sheep Springs, NM is thriving. The current median value for homes in the town is $115,000, which is significantly lower than the US house median value of $338,100. This makes it an attractive option for those looking to purchase a home. Additionally, the 1 year house appreciation rate in Sheep Springs is 9.54%, higher than the US average of 8.27%. This suggests that now is a great time to invest in property in this area as it will likely appreciate further over time.
The median home cost in Sheep Springs is $115,000. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Sheep Springs is up 12.5%.
Average Age of Homes
- The median age of Sheep Springs real estate is 29 years old
The Rental Market in Sheep Springs
- Renters make up 44.8% of the Sheep Springs population
- 1.9% of houses and apartments in Sheep Springs, 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.