Torrance County, NM Housing

The housing market in Torrance, NM County is thriving. The median value of homes in the area is $171,100, which is considerably lower than the US house median value of $338,100. Additionally, the one year house appreciation rate for Torrance County is 9.54%, higher than the nation's 8.27%. These figures show that housing is a solid investment in this area and that it will continue to appreciate in value over time.

The median home cost in Torrance County is $171,100. Home appreciation the last 10 years has been 71.1%. Home Appreciation in Torrance County is up 16.7%.

Average Age of Homes

- The median age of Torrance County real estate is 30 years old

The Rental Market in Torrance County

- Renters make up 14.3% of the Torrance County population
- 0.5% of houses and apartments in Torrance County, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Torrance, New Mexico	United States
	7,270.0	139,647,020.0
	34	42
	$171,100	$338,100
	16.7%	16.6%
	56.3%	57.0%
	71.1%	101.1%
	$5.68	$10.98
	$688	$2,690
	61.9%	57.4%
	25.6%	11.2%
	12.5%	31.4%
Vacant Housing
	0.5%	1.9%
	0.0%	0.4%
	2.2%	0.7%
	1.0%	0.4%
	5.1%	3.6%
	16.9%	4.1%
Value of Owner-Occupied Housing
	6.3%	2.6%
	2.9%	2.4%
	9.3%	2.8%
	11.5%	3.9%
	9.6%	4.5%
	22.2%	11.3%
	11.1%	13.0%
	15.0%	20.1%
	3.9%	13.6%
	0.7%	8.3%
	2.4%	9.7%
	0.6%	3.9%
	3.5%	2.2%
	0.9%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.2%	13.6%
	9.2%	13.6%
	29.0%	13.6%
	28.0%	13.2%
	11.5%	14.8%
	29.0%	13.6%
	4.0%	10.0%
	4.9%	4.7%
	7.6%	12.2%

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