The housing market in 87567 Espanola, NM is very strong and has seen tremendous appreciation over the last year. The median value of homes in the area is currently $318,000, which is slightly lower than the US median value of $338,100. However, the 1 year appreciation rate in 87567 Espanola is 15.22%, which is more than double the US average appreciation rate of 8.27%. This indicates that 87567 Espanola's housing market is performing better than the national average and provides a great opportunity for those looking to invest in real estate.
The median home cost in Espanola (zip 87567) is $318,000. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Espanola (zip 87567) is up 15.7%.
Average Age of Homes
- The median age of Espanola (zip 87567) real estate is 39 years old
The Rental Market in Espanola (zip 87567)
- Renters make up 16.1% of the Espanola (zip 87567) population
- 2.1% of houses and apartments in Espanola (zip 87567), 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.