The housing in 87558 Red River, NM is much higher than the US median value of $338,100. The median value of housing in 87558 Red River, NM is $427,900. This is a huge difference and big investment for those interested in living in this area. Furthermore, the 1 year house appreciation rate in 87558 Red River, NM is 15.22%, which is 7.95% higher than the US average of 8.27%. This means that there has been significant growth in property values over the past few years and it may be a good time to invest to potentially benefit from future increases in values.
The median home cost in Red River (zip 87558) is $427,900. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Red River (zip 87558) is up 15.7%.
Average Age of Homes
- The median age of Red River (zip 87558) real estate is 35 years old
The Rental Market in Red River (zip 87558)
- Renters make up 8.4% of the Red River (zip 87558) population
- 10.9% of houses and apartments in Red River (zip 87558), 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.