Housing in Tome, NM is highly desirable due to its median value of $314,100. This is significantly lower than the US housing median value of $338,100. Additionally, the 1 year house appreciation rate in Tome, NM is 13.83%, which is higher than the US 1 year house appreciation rate of 8.27%. This combination makes housing in Tome an attractive investment opportunity for those looking to purchase property and benefit from the potential for increasing returns.
The median home cost in Tome is $314,100. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Tome is up 16.7%.
Average Age of Homes
- The median age of Tome real estate is 32 years old
The Rental Market in Tome
- Renters make up 26.3% of the Tome population
- 0.0% of houses and apartments in Tome, 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.