Estancia, NM is an excellent place to consider buying a house. The median housing value in Estancia is $180,100 which is significantly lower than the US median value of $338,100. This presents an affordable opportunity for potential buyers. Moreover, the one year house appreciation rate in Estancia stands at 13.83%, higher than the national average of 8.27%. This makes Estancia a great location for those who want to invest in housing and benefit from its appreciation over time. With its low cost of living and high appreciation rate, Estancia is a great option for potential homebuyers looking to make their next move into homeownership.
The median home cost in Estancia (zip 87016) is $180,100. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Estancia (zip 87016) is up 16.7%.
Average Age of Homes
- The median age of Estancia (zip 87016) real estate is 38 years old
The Rental Market in Estancia (zip 87016)
- Renters make up 14.8% of the Estancia (zip 87016) population
- 0.4% of houses and apartments in Estancia (zip 87016), 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.