The housing median value in 87940 Rincon, NM is $185,400, significantly lower than the US housing median value of $338,100. However, the 1 year appreciation rate of 9.54% is higher than the national average of 8.27%. This suggests that Rincon is an appealing area for those looking to purchase a home and who will benefit from increased house values over time. Additionally, this could be an attractive investment opportunity as home prices have seen an increase in the past year and may continue to do so in the near future.
The median home cost in Rincon (zip 87940) is $185,400. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Rincon (zip 87940) is up 12.5%.
Average Age of Homes
- The median age of Rincon (zip 87940) real estate is 25 years old
The Rental Market in Rincon (zip 87940)
- Renters make up 8.6% of the Rincon (zip 87940) population
- 0.0% of houses and apartments in Rincon (zip 87940), 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.