The housing market in the Nogales, AZ Metro Area is thriving. The median value of homes in the area is $253,600, much lower than the US median value of $338,100. Despite this lower average value, homes in the region have seen an appreciation rate of 11.29% over the last year, a rate which exceeds that of the US as a whole at 8.27%. This indicates that despite having a lower median purchase price than the national average, homes in Nogales are experiencing significant growth and should continue to be attractive investments for homebuyers looking for a stable market with strong returns on their investment.
The median home cost in Nogales Metro Area is $253,600. Home appreciation the last 10 years has been 88.3%. Home Appreciation in Nogales Metro Area is up 18.2%.
Average Age of Homes
- The median age of Nogales Metro Area real estate is 30 years old
The Rental Market in Nogales Metro Area
- Renters make up 30.0% of the Nogales Metro Area population
- 2.5% of houses and apartments in Nogales 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.