Zip 88047 (Mesilla Park, NM) Housing

The housing market in 88047 Mesilla Park, NM is a thriving one, with the median value sitting at $321,900. This is slightly lower than the US median value of $338,100 but it nonetheless has seen significantly higher appreciation over the past year - 16.79%, compared to 8.27% for the US as a whole. With such promising trends, 88047 seems like an ideal place to invest in property and cash in on its potential growth.

The median home cost in Mesilla Park (zip 88047) is $321,900. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Mesilla Park (zip 88047) is up 18.3%.

Average Age of Homes

- The median age of Mesilla Park (zip 88047) real estate is 27 years old

The Rental Market in Mesilla Park (zip 88047)

- Renters make up 26.9% of the Mesilla Park (zip 88047) population
- 4.7% of houses and apartments in Mesilla Park (zip 88047), 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	Mesilla Park, New Mexico	United States
	794.0	139,647,020.0
	30	42
	$321,900	$338,100
	18.3%	16.6%
	57.5%	57.0%
	65.2%	101.1%
	$7.82	$10.98
	$479	$2,690
	69.9%	57.4%
	25.9%	11.2%
	4.2%	31.4%
Vacant Housing
	4.7%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	7.3%	3.6%
	14.0%	4.1%
Value of Owner-Occupied Housing
	11.4%	2.6%
	6.1%	2.4%
	5.6%	2.8%
	8.1%	3.9%
	23.2%	4.5%
	17.8%	11.3%
	0.0%	13.0%
	16.4%	20.1%
	2.5%	13.6%
	7.4%	8.3%
	1.4%	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%
	16.8%	13.6%
	16.8%	13.6%
	23.7%	13.6%
	0.8%	13.2%
	15.2%	14.8%
	23.7%	13.6%
	10.0%	10.0%
	4.5%	4.7%
	8.8%	12.2%

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