Zip 88116 (Elida, NM) Housing

Elida, NM has a median housing value of $79,200, which is significantly lower than the US median housing value of $338,100. Despite this difference in value, Elida had an impressive 1 year house appreciation rate of 9.54%, while the US had an appreciation rate of 8.27%. This shows that Elida’s housing market has been performing well over the past year and that it may be an area to consider when looking for investment opportunities.

The median home cost in Elida (zip 88116) is $79,200. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Elida (zip 88116) is up 12.5%.

Average Age of Homes

- The median age of Elida (zip 88116) real estate is 62 years old

The Rental Market in Elida (zip 88116)

- Renters make up 15.5% of the Elida (zip 88116) population
- 0.0% of houses and apartments in Elida (zip 88116), 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	Elida, New Mexico	United States
	236.0	139,647,020.0
	62	42
	$79,200	$338,100
	12.5%	16.6%
	43.0%	57.0%
	56.6%	101.1%
	$4.92	$10.98
	$375	$2,690
	50.8%	57.4%
	36.9%	11.2%
	12.3%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	6.8%	3.6%
	30.1%	4.1%
Value of Owner-Occupied Housing
	8.3%	2.6%
	22.5%	2.4%
	16.7%	2.8%
	4.2%	3.9%
	3.3%	4.5%
	8.3%	11.3%
	14.2%	13.0%
	10.0%	20.1%
	11.7%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.8%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.4%	13.6%
	11.4%	13.6%
	10.6%	13.6%
	8.1%	13.2%
	11.9%	14.8%
	10.6%	13.6%
	21.6%	10.0%
	8.1%	4.7%
	21.6%	12.2%

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