The housing market in Sombrillo, NM is strong and thriving. The median value of a single-family home in the area is $271,600 which is significantly lower than the US House Median Value of $338,100. Furthermore, the US 1 year House Appreciation rate was 8.27%, whereas the 1 year appreciation rate of homes in Sombrillo was 15.22%. This far exceeds the national average and speaks to very healthy growth in the real estate market there.
The median home cost in Sombrillo is $271,600. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Sombrillo is up 15.7%.
Average Age of Homes
- The median age of Sombrillo real estate is 35 years old
The Rental Market in Sombrillo
- Renters make up 14.4% of the Sombrillo population
- 0.0% of houses and apartments in Sombrillo, 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.