The housing market in Embudo, New Mexico (87531) is very strong. The median value of a house in this area is $287,700, which is considerably lower than the US median value of $338,100. However, real estate appreciation for homes in the Embudo area has been much higher than the national average - 15.22%, compared to 8.27% nationwide - making it an attractive investment opportunity for those looking to buy property in this part of New Mexico. With its low median home values and high appreciation rates, Embudo is an ideal place to consider purchasing a new home.
The median home cost in Embudo (zip 87531) is $287,700. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Embudo (zip 87531) is up 15.7%.
Average Age of Homes
- The median age of Embudo (zip 87531) real estate is 37 years old
The Rental Market in Embudo (zip 87531)
- Renters make up 17.0% of the Embudo (zip 87531) population
- 0.0% of houses and apartments in Embudo (zip 87531), 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.