Cochiti Lake, NM has a median housing value of $257,700 which is significantly lower than the US median value of $338,100. Despite this difference in median value, Cochiti Lake has seen a larger appreciation rate in housing over the past year at 13.83%, compared to the US average of 8.27%. This larger appreciation rate may indicate that Cochiti Lake is an attractive place for people looking to invest in or purchase property. Overall, housing in Cochiti Lake is more affordable than other parts of the US and there is potential for growth over time.
The median home cost in Cochiti Lake (zip 87083) is $257,700. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Cochiti Lake (zip 87083) is up 16.7%.
Average Age of Homes
- The median age of Cochiti Lake (zip 87083) real estate is 35 years old
The Rental Market in Cochiti Lake (zip 87083)
- Renters make up 8.5% of the Cochiti Lake (zip 87083) population
- 0.7% of houses and apartments in Cochiti Lake (zip 87083), 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.