Zip 87418 (La Plata, NM) Housing

Housing in 87418 La Plata, NM is considerably more affordable than the United States median value of $338,100. The housing median value in 87418 La Plata, NM is $227,700 - nearly a third of the US average. However, the appreciation rate in 87418 La Plata, NM over the past year has been higher than the rest of the country at 15.14%, compared to an 8.27% increase nationwide. This indicates that buying a home in 87418 La Plata, NM may be a great investment for potential homeowners looking for an affordable and fast appreciating home.

The median home cost in La Plata (zip 87418) is $227,700. Home appreciation the last 10 years has been 37.1%. Home Appreciation in La Plata (zip 87418) is up 13.4%.

Average Age of Homes

- The median age of La Plata (zip 87418) real estate is 20 years old

The Rental Market in La Plata (zip 87418)

- Renters make up 19.5% of the La Plata (zip 87418) population
- 0.0% of houses and apartments in La Plata (zip 87418), 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	La Plata, New Mexico	United States
	432.0	139,647,020.0
	24	42
	$227,700	$338,100
	13.4%	16.6%
	33.6%	57.0%
	37.1%	101.1%
	$7.02	$10.98
	$1,134	$2,690
	77.3%	57.4%
	17.4%	11.2%
	5.3%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	2.1%	0.7%
	0.0%	0.4%
	2.1%	3.6%
	13.2%	4.1%
Value of Owner-Occupied Housing
	1.8%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	1.2%	3.9%
	3.3%	4.5%
	16.8%	11.3%
	41.3%	13.0%
	24.3%	20.1%
	5.7%	13.6%
	1.5%	8.3%
	4.2%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	34.5%	13.6%
	34.5%	13.6%
	18.1%	13.6%
	23.8%	13.2%
	11.8%	14.8%
	18.1%	13.6%
	2.1%	10.0%
	0.0%	4.7%
	0.0%	12.2%

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