The housing market in 87939 Monticello, NM is showing signs of strong appreciation. The median value of homes in this area is $155,700, which is significantly lower than the US median house value of $338,100. The US house appreciation rate over the past year has been 8.27%, but the appreciation rate in 87939 Monticello, NM has been even more robust at 9.54%. These strong market conditions have made it attractive to potential buyers looking for a bargain and have encouraged existing homeowners to invest further into their homes.
The median home cost in Monticello (zip 87939) is $155,700. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Monticello (zip 87939) is up 12.5%.
Average Age of Homes
- The median age of Monticello (zip 87939) real estate is 30 years old
The Rental Market in Monticello (zip 87939)
- Renters make up 0.0% of the Monticello (zip 87939) population
- 8.0% of houses and apartments in Monticello (zip 87939), 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.