Zip 87015 (Edgewood, NM) Housing

Edgewood, NM is an affordable housing market with a median value of $314,200. This is significantly lower than the US House Median Value of $338,100. Despite this lower price point, Edgewood has seen strong house appreciation over the past year with a 13.83% increase compared to the US 1 year appreciation rate of 8.27%. With such strong appreciation and a lower median value than the national average, Edgewood presents an excellent opportunity for potential homeowners looking for an affordable place to call home.

The median home cost in Edgewood (zip 87015) is $314,200. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Edgewood (zip 87015) is up 16.7%.

Average Age of Homes

- The median age of Edgewood (zip 87015) real estate is 23 years old

The Rental Market in Edgewood (zip 87015)

- Renters make up 5.9% of the Edgewood (zip 87015) population
- 0.5% of houses and apartments in Edgewood (zip 87015), 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	Edgewood, New Mexico	United States
	6,363.0	139,647,020.0
	27	42
	$314,200	$338,100
	16.7%	16.6%
	56.4%	57.0%
	71.2%	101.1%
	$5.68	$10.98
	$1,225	$2,690
	84.2%	57.4%
	6.8%	11.2%
	8.9%	31.4%
Vacant Housing
	0.5%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.3%	0.4%
	1.8%	3.6%
	3.9%	4.1%
Value of Owner-Occupied Housing
	3.8%	2.6%
	0.7%	2.4%
	4.4%	2.8%
	5.1%	3.9%
	3.8%	4.5%
	16.1%	11.3%
	12.2%	13.0%
	27.5%	20.1%
	17.0%	13.6%
	6.3%	8.3%
	2.9%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	22.9%	13.6%
	22.9%	13.6%
	37.7%	13.6%
	22.9%	13.2%
	7.3%	14.8%
	37.7%	13.6%
	0.8%	10.0%
	0.2%	4.7%
	2.2%	12.2%

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