Zip 87823 (Lemitar, NM) Housing

The housing market in 87823 Lemitar, NM is booming. The median value of houses in Lemitar is $145,700, which is significantly lower than the US median house value of $338,100. Despite this disparity, Lemitar has seen a much higher 1 year house appreciation rate than the country as a whole at 9.54%, compared to 8.27%. This suggests that homes in Lemitar are in high demand and investors are increasingly confident in the area's marketability.

The median home cost in Lemitar (zip 87823) is $145,700. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Lemitar (zip 87823) is up 12.5%.

Average Age of Homes

- The median age of Lemitar (zip 87823) real estate is 44 years old

The Rental Market in Lemitar (zip 87823)

- Renters make up 0.0% of the Lemitar (zip 87823) population
- 0.0% of houses and apartments in Lemitar (zip 87823), 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	Lemitar, New Mexico	United States
	260.0	139,647,020.0
	40	42
	$145,700	$338,100
	12.5%	16.6%
	43.0%	57.0%
	56.6%	101.1%
	$6.19	$10.98
	$1,071	$2,690
	36.2%	57.4%
	63.8%	11.2%
	0.0%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	9.6%	3.6%
	54.2%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	14.9%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	18.1%	4.5%
	23.4%	11.3%
	21.3%	13.0%
	0.0%	20.1%
	8.5%	13.6%
	13.8%	8.3%
	0.0%	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%
	1.2%	13.6%
	1.2%	13.6%
	38.8%	13.6%
	11.5%	13.2%
	15.8%	14.8%
	38.8%	13.6%
	8.8%	10.0%
	0.0%	4.7%
	19.6%	12.2%

Reviews for Lemitar

See all (0)

Write a Review

Start Your Review of Lemitar

Commute

The premier source for comprehensive city data for over 30 years.