The median value of housing in 88263 Malaga, NM is $273,100, which is slightly lower than the US median home value of $338,100. The US has seen a one-year house appreciation rate of 8.27%, while Malaga has seen only a 4.31% appreciation rate in the last year. This shows that although housing prices in Malaga are relatively affordable compared to the national average, the appreciation rate for Malaga's housing market is slower than that of other areas.
The median home cost in Malaga (zip 88263) is $273,100. Home appreciation the last 10 years has been 51.7%. Home Appreciation in Malaga (zip 88263) is up 6.2%.
Average Age of Homes
- The median age of Malaga (zip 88263) real estate is 39 years old
The Rental Market in Malaga (zip 88263)
- Renters make up 13.8% of the Malaga (zip 88263) population
- 0.0% of houses and apartments in Malaga (zip 88263), 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.