The housing market in 87582 Velarde, NM is performing very well compared to the US as a whole. The median value of houses in this area is $255,300, which is much lower than the national median value of $338,100. Over the past year, house appreciation in 87582 Velarde, NM has increased by 15.22%, much higher than the US appreciation rate of 8.27%. This suggests that this area may be a good long-term investment for homeowners and property buyers alike.
The median home cost in Velarde (zip 87582) is $255,300. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Velarde (zip 87582) is up 15.7%.
Average Age of Homes
- The median age of Velarde (zip 87582) real estate is 40 years old
The Rental Market in Velarde (zip 87582)
- Renters make up 9.0% of the Velarde (zip 87582) population
- 0.0% of houses and apartments in Velarde (zip 87582), 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.