The housing market in 87004 Bernalillo, NM is stronger than the national average. According to my data, the median value of houses in this area is $275,300, which is significantly lower than the national median of $338,100. This difference in price makes 87004 Bernalillo an attractive option for those looking for a home. Furthermore, over the last year house appreciation in this area was 13.83%, which is greater than the US 1 year house appreciation of 8.27%. This suggests that property values are increasing rapidly in 87004 Bernalillo, making it a great investment opportunity as well as an ideal place to live.
The median home cost in Bernalillo (zip 87004) is $275,300. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Bernalillo (zip 87004) is up 16.7%.
Average Age of Homes
- The median age of Bernalillo (zip 87004) real estate is 28 years old
The Rental Market in Bernalillo (zip 87004)
- Renters make up 21.8% of the Bernalillo (zip 87004) population
- 2.0% of houses and apartments in Bernalillo (zip 87004), 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.