Zip 87031 (Los Lunas, NM) Housing

The housing market in 87031 Los Lunas, NM is performing well. The median value of homes in the area is $262,300, which is slightly lower than the national median of $338,100. However, over the last year, home appreciation in Los Lunas has been more robust than the national average at 13.83%, compared to 8.27% nationwide. This indicates that home values are rising fast in Los Lunas and could be a great place to invest in real estate right now.

The median home cost in Los Lunas (zip 87031) is $262,300. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Los Lunas (zip 87031) is up 16.7%.

Average Age of Homes

- The median age of Los Lunas (zip 87031) real estate is 26 years old

The Rental Market in Los Lunas (zip 87031)

- Renters make up 17.4% of the Los Lunas (zip 87031) population
- 1.4% of houses and apartments in Los Lunas (zip 87031), 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	Los Lunas, New Mexico	United States
	16,571.0	139,647,020.0
	30	42
	$262,300	$338,100
	16.7%	16.6%
	56.4%	57.0%
	71.2%	101.1%
	$8.02	$10.98
	$1,241	$2,690
	71.4%	57.4%
	13.6%	11.2%
	15.0%	31.4%
Vacant Housing
	1.4%	1.9%
	0.4%	0.4%
	1.3%	0.7%
	0.2%	0.4%
	2.1%	3.6%
	8.1%	4.1%
Value of Owner-Occupied Housing
	4.0%	2.6%
	3.6%	2.4%
	8.1%	2.8%
	6.5%	3.9%
	6.9%	4.5%
	18.2%	11.3%
	21.0%	13.0%
	19.4%	20.1%
	7.2%	13.6%
	1.9%	8.3%
	1.8%	9.7%
	1.1%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	21.4%	13.6%
	21.4%	13.6%
	27.1%	13.6%
	19.9%	13.2%
	17.1%	14.8%
	27.1%	13.6%
	2.2%	10.0%
	0.9%	4.7%
	2.6%	12.2%

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