The housing market in 88321 Encino, NM is thriving with a median value of $200,800. This is much lower than the US House Median Value of $338,100, but still significantly higher compared to other areas. Moreover, the 1 year House Appreciation rate in 88321 Encino, NM was 9.54%, exceeding the US average of 8.27%, making it an attractive place for potential buyers. The increasing appreciation rate and relative affordability make Encino an ideal place to invest in the housing market.
The median home cost in Encino (zip 88321) is $200,800. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Encino (zip 88321) is up 12.5%.
Average Age of Homes
- The median age of Encino (zip 88321) real estate is 55 years old
The Rental Market in Encino (zip 88321)
- Renters make up 6.5% of the Encino (zip 88321) population
- 0.0% of houses and apartments in Encino (zip 88321), 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.