The housing market in University Park, NM is extremely strong. The median value of homes in University Park is $189,300, which is significantly lower than the US house median of $338,100. Despite this difference in price, the one year appreciation rate on houses in University Park has been even higher than that of the national average, with an impressive 16.79% compared to 8.27%. This makes University Park an attractive area for those looking to invest in real estate and is likely part of the reason why home prices have performed so well here recently.
The median home cost in University Park is $189,300. Home appreciation the last 10 years has been 65.2%. Home Appreciation in University Park is up 18.3%.
Average Age of Homes
- The median age of University Park real estate is 55 years old
The Rental Market in University Park
- Renters make up 87.4% of the University Park population
- 39.3% of houses and apartments in University Park, 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.