Zip 88020 (Cotton City, NM) Housing

The housing market in 88020 Cotton City, NM is booming. The median value of homes in the area is $135,400, which is significantly lower than the national median value of $338,100. Furthermore, the one-year appreciation rate of homes in 88020 Cotton City, NM has been 16.79%, more than double the national average of 8.27%. These figures demonstrate that Cotton City, NM is a great place to invest in housing and could be an excellent area for potential home buyers to look into.

The median home cost in Cotton City (zip 88020) is $135,400. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Cotton City (zip 88020) is up 18.3%.

Average Age of Homes

- The median age of Cotton City (zip 88020) real estate is 39 years old

The Rental Market in Cotton City (zip 88020)

- Renters make up 13.8% of the Cotton City (zip 88020) population
- 2.6% of houses and apartments in Cotton City (zip 88020), 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	Cotton City, New Mexico	United States
	420.0	139,647,020.0
	41	42
	$135,400	$338,100
	18.3%	16.6%
	57.5%	57.0%
	65.2%	101.1%
	$5.05	$10.98
	$476	$2,690
	61.4%	57.4%
	27.1%	11.2%
	11.4%	31.4%
Vacant Housing
	2.6%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	8.1%	3.6%
	16.4%	4.1%
Value of Owner-Occupied Housing
	5.0%	2.6%
	4.3%	2.4%
	17.1%	2.8%
	17.4%	3.9%
	4.3%	4.5%
	16.3%	11.3%
	18.2%	13.0%
	0.8%	20.1%
	5.8%	13.6%
	0.0%	8.3%
	3.1%	9.7%
	7.0%	3.9%
	0.8%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.5%	13.6%
	10.5%	13.6%
	14.0%	13.6%
	24.0%	13.2%
	14.8%	14.8%
	14.0%	13.6%
	8.3%	10.0%
	0.7%	4.7%
	13.8%	12.2%

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