The housing market in 87021 Milan, NM is significantly more affordable than the US median value of $338,100. The median value of a house in 87021 Milan, NM is $62,100, which represents a great opportunity for first-time home buyers or those looking to move to the area. In addition, the one year house appreciation rate in 87021 Milan, NM is 13.83%, which is higher than the national rate of 8.27%. This suggests that investing in the housing market in 87021 Milan, NM could be a sound financial decision for prospective homeowners. Overall, the housing market in this area appears to be both affordable and appreciating at an above average rate: two key points that should be considered when evaluating potential places to live.
The median home cost in Milan (zip 87021) is $62,100. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Milan (zip 87021) is up 16.7%.
Average Age of Homes
- The median age of Milan (zip 87021) real estate is 41 years old
The Rental Market in Milan (zip 87021)
- Renters make up 20.0% of the Milan (zip 87021) population
- 0.8% of houses and apartments in Milan (zip 87021), 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.