The housing market in 87825 Alamo, NM is quite strong, with the median value of homes being $163,900. This is significantly lower than the US median house value of $338,100, but it has seen a larger appreciation rate than the national average of 8.27%. Home values in 87825 Alamo have grown 9.54% over the past year. This indicates that this area is a desirable place to live and invest in real estate due to its affordability and potential for future growth.
The median home cost in Alamo (zip 87825) is $163,900. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Alamo (zip 87825) is up 12.5%.
Average Age of Homes
- The median age of Alamo (zip 87825) real estate is 45 years old
The Rental Market in Alamo (zip 87825)
- Renters make up 10.4% of the Alamo (zip 87825) population
- 2.2% of houses and apartments in Alamo (zip 87825), 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.