The housing market in the Taos, NM Metro Area is booming. The median value of houses is currently at $378,800, which is higher than the US House Median Value of $338,100. In addition to this, the one year house appreciation rate for Taos is 13.83%, which is significantly higher than the national one year house appreciation rate of 8.27%. With such high appreciation rates and a strong demand for housing in the area, it's no surprise that many people are choosing to invest in Taos real estate.
The median home cost in Taos Metro Area is $378,800. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Taos Metro Area is up 15.7%.
Average Age of Homes
- The median age of Taos Metro Area real estate is 34 years old
The Rental Market in Taos Metro Area
- Renters make up 17.9% of the Taos Metro Area population
- 4.0% of houses and apartments in Taos Metro Area, 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.