The housing market in South Valley, NM is increasing at a rapid pace. The median home value in South Valley is currently $186,900, which is much lower than the national median of $338,100. What's even more impressive is the rate of appreciation in this area. Over the past year, homes in South Valley have appreciated by 13.79%, compared to the US average of 8.27%. This means that those investing in property here are likely to get better returns over time.
The median home cost in South Valley is $186,900. Home appreciation the last 10 years has been 77.7%. Home Appreciation in South Valley is up 17.1%.
Average Age of Homes
- The median age of South Valley real estate is 49 years old
The Rental Market in South Valley
- Renters make up 22.9% of the South Valley population
- 1.1% of houses and apartments in South Valley, 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.