The housing market in Mimbres, NM (88049) is doing well and continues to grow. The median value of a home in Mimbres is $187,100, which is significantly lower than the national average of $338,100. However, the appreciation rate has been much higher than the national average for the past year. In Mimbres, the 1-year house appreciation rate was 16.79%, compared to 8.27% nationally. This indicates that there is a strong demand for homes in the area and that it is an attractive option for buyers who are looking for a good investment.
The median home cost in Mimbres (zip 88049) is $187,100. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Mimbres (zip 88049) is up 18.3%.
Average Age of Homes
- The median age of Mimbres (zip 88049) real estate is 29 years old
The Rental Market in Mimbres (zip 88049)
- Renters make up 0.0% of the Mimbres (zip 88049) population
- 0.0% of houses and apartments in Mimbres (zip 88049), 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.