Silver City, NM is an area with a relatively high housing median value of $227,800 compared to the US house median value of $338,100. Additionally, it has experienced significant appreciation in recent years with a 1 year house appreciation rate of 16.79%, which is more than double the US 1 year house appreciation rate of 8.27%. This makes Silver City an attractive option for prospective homeowners looking to invest in the housing market due to its high values and strong appreciation rates.
The median home cost in Silver City (zip 88061) is $227,800. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Silver City (zip 88061) is up 18.3%.
Average Age of Homes
- The median age of Silver City (zip 88061) real estate is 37 years old
The Rental Market in Silver City (zip 88061)
- Renters make up 21.0% of the Silver City (zip 88061) population
- 2.1% of houses and apartments in Silver City (zip 88061), 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.