Zip 87008 (Cedar Crest, NM) Housing

Housing in 87008 Cedar Crest, NM is significantly more expensive than the US median with a median value of $402,000. However, it has seen greater appreciation in the last year with a 13.83% increase compared to 8.27% nationally. This could be due to increased demand from people looking for a more rural alternative as well as the local economy being able to sustain this level of appreciation.

The median home cost in Cedar Crest (zip 87008) is $402,000. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Cedar Crest (zip 87008) is up 16.7%.

Average Age of Homes

- The median age of Cedar Crest (zip 87008) real estate is 31 years old

The Rental Market in Cedar Crest (zip 87008)

- Renters make up 10.2% of the Cedar Crest (zip 87008) population
- 1.5% of houses and apartments in Cedar Crest (zip 87008), 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	Cedar Crest, New Mexico	United States
	1,369.0	139,647,020.0
	37	42
	$402,000	$338,100
	16.7%	16.6%
	56.4%	57.0%
	71.2%	101.1%
	$10.51	$10.98
	$2,234	$2,690
	76.6%	57.4%
	15.5%	11.2%
	8.0%	31.4%
Vacant Housing
	1.5%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	6.1%	3.6%
	7.8%	4.1%
Value of Owner-Occupied Housing
	2.2%	2.6%
	0.0%	2.4%
	0.9%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	1.7%	11.3%
	10.2%	13.0%
	37.8%	20.1%
	26.2%	13.6%
	9.4%	8.3%
	10.7%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.9%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.5%	13.6%
	14.5%	13.6%
	13.6%	13.6%
	35.3%	13.2%
	18.0%	14.8%
	13.6%	13.6%
	6.2%	10.0%
	3.4%	4.7%
	3.4%	12.2%

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