Zip 87701 (Las Vegas, NM) Housing

Housing in Las Vegas, NM 87701 is more affordable than the US average. The median value of homes in this area is $164,300, which is significantly lower than the national median of $338,100. In the last year, home appreciation has been 9.54%, higher than the national average of 8.27%. This means that housing prices are on the rise and it may be a good time for prospective buyers to invest in the area. With affordability and appreciation potential, Las Vegas, NM 87701 is an ideal place to buy a home.

The median home cost in Las Vegas (zip 87701) is $164,300. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Las Vegas (zip 87701) is up 12.5%.

Average Age of Homes

- The median age of Las Vegas (zip 87701) real estate is 40 years old

The Rental Market in Las Vegas (zip 87701)

- Renters make up 26.7% of the Las Vegas (zip 87701) population
- 2.9% of houses and apartments in Las Vegas (zip 87701), 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	Las Vegas, New Mexico	United States
	9,422.0	139,647,020.0
	45	42
	$164,300	$338,100
	12.5%	16.6%
	43.0%	57.0%
	56.6%	101.1%
	$6.92	$10.98
	$976	$2,690
	53.4%	57.4%
	17.2%	11.2%
	29.4%	31.4%
Vacant Housing
	2.9%	1.9%
	0.1%	0.4%
	0.9%	0.7%
	0.8%	0.4%
	2.1%	3.6%
	10.4%	4.1%
Value of Owner-Occupied Housing
	12.7%	2.6%
	5.8%	2.4%
	1.9%	2.8%
	7.3%	3.9%
	8.8%	4.5%
	16.5%	11.3%
	20.0%	13.0%
	16.3%	20.1%
	6.4%	13.6%
	1.7%	8.3%
	1.4%	9.7%
	0.2%	3.9%
	1.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.0%	13.6%
	9.0%	13.6%
	18.1%	13.6%
	14.9%	13.2%
	17.6%	14.8%
	18.1%	13.6%
	9.4%	10.0%
	2.8%	4.7%
	16.6%	12.2%

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