Housing in 87540 Lamy, NM is quite expensive compared to the national median value of $338,100. The median value of housing in this area is a whopping $722,100, more than double the nationwide figure. In addition to being more expensive than most places in the US, Lamy also experienced a higher one year rate of appreciation with 15.22%, more than double the national rate at 8.27%. This growth indicates that investing in property here could be an excellent decision for those looking to capitalize on this trend.
The median home cost in Lamy (zip 87540) is $722,100. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Lamy (zip 87540) is up 15.7%.
Average Age of Homes
- The median age of Lamy (zip 87540) real estate is 23 years old
The Rental Market in Lamy (zip 87540)
- Renters make up 16.7% of the Lamy (zip 87540) population
- 0.0% of houses and apartments in Lamy (zip 87540), 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.