The housing situation in Tatum, NM is quite different than the national average. The median value of a house in Tatum, NM is $119,700, while the US median value of a house is $338,100. The appreciation rate of homes in Tatum over the last year was 4.31%, significantly lower than the 8.27% appreciation rate nationally. Despite this difference, many people are still drawn to the area due to its low cost and close proximity to both urban and rural areas.
The median home cost in Tatum is $119,700. Home appreciation the last 10 years has been 51.7%. Home Appreciation in Tatum is up 6.2%.
Average Age of Homes
- The median age of Tatum real estate is 48 years old
The Rental Market in Tatum
- Renters make up 13.7% of the Tatum population
- 0.0% of houses and apartments in Tatum, 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.