Lake Arthur, NM is a small town located in Chaves County with an estimated population of 827. The housing median value for this region is $106,700, which is significantly lower than the US national median house value of $338,100. However, the 1 year house appreciation rate for Lake Arthur is 4.31%, despite being lower than the US average of 8.27%. Despite the lower housing median value and appreciation rate for Lake Arthur compared to the US average, it remains an attractive place to buy a home due to its peaceful atmosphere and access to recreational activities such as fishing and camping.
The median home cost in Lake Arthur (zip 88253) is $106,700. Home appreciation the last 10 years has been 51.7%. Home Appreciation in Lake Arthur (zip 88253) is up 6.2%.
Average Age of Homes
- The median age of Lake Arthur (zip 88253) real estate is 55 years old
The Rental Market in Lake Arthur (zip 88253)
- Renters make up 21.2% of the Lake Arthur (zip 88253) population
- 2.0% of houses and apartments in Lake Arthur (zip 88253), 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.