Housing in Miami, NM 87729 is quite expensive compared to the US median value of $338,100. The median value for homes in Miami is $729,700 - that's more than double the national median. However, despite this large difference in housing prices, there has been a significant increase in housing appreciation over the past year. The US saw a 1-year house appreciation rate of 8.27%, while housing appreciation in Miami was even higher at 9.54%. This indicates that property values are increasing and that real estate investments may be profitable here.
The median home cost in Miami (zip 87729) is $729,700. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Miami (zip 87729) is up 12.5%.
Average Age of Homes
- The median age of Miami (zip 87729) real estate is 27 years old
The Rental Market in Miami (zip 87729)
- Renters make up 3.6% of the Miami (zip 87729) population
- 0.0% of houses and apartments in Miami (zip 87729), 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.