The housing market in Timberon, NM is doing quite well. The median value of homes in the area is currently at $174,900 which is significantly lower than the national median value of $338,100. However, that difference could be made up quickly as the one year appreciation rate in Timberon is 9.54%, much higher than the 8.27% national average. This means that home values are increasing at a faster rate than most places in the US, making it an attractive place to buy or invest in real estate.
The median home cost in Timberon is $174,900. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Timberon is up 12.5%.
Average Age of Homes
- The median age of Timberon real estate is 33 years old
The Rental Market in Timberon
- Renters make up 2.2% of the Timberon population
- 0.0% of houses and apartments in Timberon, 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.