The housing market in Thoreau, NM is thriving. The median housing value in the area is $169,900 which is lower than the US median of $338,100. Despite this lower price point for local homes, the appreciation rate has been higher than the national average in the past year at 9.54%. This means that people who invest in real estate in Thoreau have seen greater returns on their investments than those who have invested nationally.
The median home cost in Thoreau is $169,900. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Thoreau is up 12.5%.
Average Age of Homes
- The median age of Thoreau real estate is 32 years old
The Rental Market in Thoreau
- Renters make up 14.8% of the Thoreau population
- 0.0% of houses and apartments in Thoreau, 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.