The housing market in 87516 Canones, NM is thriving. The median value of houses in this area is $305,300, which is lower than the US house median value of $338,100. However, the appreciation rate for houses in 87516 Canones NM is higher than the US at 15.22%, compared to only 8.27%. This means that house values are increasing at a faster rate compared to other parts of the country. All signs point to a strong housing market in 87516 Canones, NM for years to come.
The median home cost in Canones (zip 87516) is $305,300. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Canones (zip 87516) is up 15.7%.
Average Age of Homes
- The median age of Canones (zip 87516) real estate is 31 years old
The Rental Market in Canones (zip 87516)
- Renters make up 0.0% of the Canones (zip 87516) population
- 0.0% of houses and apartments in Canones (zip 87516), 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.