The housing market in 87747 Springer, NM is performing very well compared to the national average. The median value of a house in 87747 Springer is $105,300, which is significantly lower than the US median house value of $338,100. However, the 1 year house appreciation rate in 87747 Springer is higher than the US national rate at 9.54%, meaning that houses in this area are gaining value faster than the average across the nation. This makes 87747 Springer an attractive location for potential buyers who are looking for good investment opportunities.
The median home cost in Springer (zip 87747) is $105,300. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Springer (zip 87747) is up 12.5%.
Average Age of Homes
- The median age of Springer (zip 87747) real estate is 55 years old
The Rental Market in Springer (zip 87747)
- Renters make up 22.2% of the Springer (zip 87747) population
- 1.3% of houses and apartments in Springer (zip 87747), 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.