The housing market in 88316 Capitan, NM is quite a bit more affordable than the national average. The median value of a home in 88316 Capitan, NM is $214,600 which is about 37% lower than the US median value of $338,100. Over the last year, the house appreciation rate in 88316 Capitan, NM has also been higher than the national rate with an appreciation rate of 9.54% compared to 8.27%. This indicates that investing in real estate in this region can be quite profitable and it could be worth considering for those looking for a good investment opportunity.
The median home cost in Capitan (zip 88316) is $214,600. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Capitan (zip 88316) is up 12.5%.
Average Age of Homes
- The median age of Capitan (zip 88316) real estate is 31 years old
The Rental Market in Capitan (zip 88316)
- Renters make up 7.9% of the Capitan (zip 88316) population
- 2.7% of houses and apartments in Capitan (zip 88316), 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.