Zip 87002 (Belen, NM) Housing

The city of Belen, NM (zip code 87002) has a median housing value of $195,100, which is significantly lower than the national median value of $338,100. However, Belen’s housing market has experienced a larger appreciation rate over the past year than the US as a whole at 13.83%, compared to the 8.27% national average. This suggests that Belen's housing market is thriving and may present an attractive option for those looking to purchase or invest in real estate in the near future.

The median home cost in Belen (zip 87002) is $195,100. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Belen (zip 87002) is up 16.7%.

Average Age of Homes

- The median age of Belen (zip 87002) real estate is 37 years old

The Rental Market in Belen (zip 87002)

- Renters make up 23.1% of the Belen (zip 87002) population
- 2.2% of houses and apartments in Belen (zip 87002), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Belen, New Mexico	United States
	9,055.0	139,647,020.0
	36	42
	$195,100	$338,100
	16.7%	16.6%
	56.4%	57.0%
	71.2%	101.1%
	$7.35	$10.98
	$981	$2,690
	64.1%	57.4%
	17.2%	11.2%
	18.8%	31.4%
Vacant Housing
	2.2%	1.9%
	1.0%	0.4%
	0.6%	0.7%
	0.3%	0.4%
	4.5%	3.6%
	8.6%	4.1%
Value of Owner-Occupied Housing
	3.3%	2.6%
	9.9%	2.4%
	3.2%	2.8%
	7.6%	3.9%
	8.5%	4.5%
	27.6%	11.3%
	18.4%	13.0%
	13.3%	20.1%
	2.5%	13.6%
	3.4%	8.3%
	1.5%	9.7%
	0.2%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.3%	13.6%
	14.3%	13.6%
	24.8%	13.6%
	18.9%	13.2%
	21.0%	14.8%
	24.8%	13.6%
	7.3%	10.0%
	2.7%	4.7%
	4.3%	12.2%

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