The housing market in Carlsbad, NM (88220) is significantly lower than the US median value of $338,100. The median value of homes found in this area is $199,900. While the national 1 year house appreciation rate is 8.27%, the appreciation rate for homes in Carlsbad is only 4.31%. This indicates that investing in a home in Carlsbad may not appreciate as quickly as other markets across the country, yet it still remains an attractive option due to its lower price point.
The median home cost in Carlsbad (zip 88220) is $199,900. Home appreciation the last 10 years has been 51.7%. Home Appreciation in Carlsbad (zip 88220) is up 6.2%.
Average Age of Homes
- The median age of Carlsbad (zip 88220) real estate is 49 years old
The Rental Market in Carlsbad (zip 88220)
- Renters make up 24.1% of the Carlsbad (zip 88220) population
- 1.3% of houses and apartments in Carlsbad (zip 88220), 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.