Housing in 87537 Hernandez, NM is quite affordable compared to the national median value of $338,100. The median housing value in Hernandez is $201,200 which is 42% lower than the US median value and offers potential homeowners good bang for their buck. In the past year, house values have appreciated 15.22% in Hernandez which is 6.95% higher than the national average of 8.27%. This indicates a strong market that could potentially increase further in years ahead, offering great investment opportunities for those looking to buy or invest in property.
The median home cost in Hernandez (zip 87537) is $201,200. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Hernandez (zip 87537) is up 15.7%.
Average Age of Homes
- The median age of Hernandez (zip 87537) real estate is 37 years old
The Rental Market in Hernandez (zip 87537)
- Renters make up 19.4% of the Hernandez (zip 87537) population
- 0.2% of houses and apartments in Hernandez (zip 87537), 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.