Zip 88051 (Mule Creek, NM) Housing

The housing market in Mule Creek, NM (88051) is significantly below the US median value of $338,100 at only $127,400. However, it has seen a larger appreciation rate in the past year than the US average, with 16.79% versus 8.27%. This implies that house prices could be set to increase further in the coming months. The relatively low cost and high appreciation rates make Mule Creek a great market for potential buyers looking to invest in the housing market.

The median home cost in Mule Creek (zip 88051) is $127,400. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Mule Creek (zip 88051) is up 18.3%.

Average Age of Homes

- The median age of Mule Creek (zip 88051) real estate is 25 years old

The Rental Market in Mule Creek (zip 88051)

- Renters make up 50.0% of the Mule Creek (zip 88051) population
- 0.0% of houses and apartments in Mule Creek (zip 88051), 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	Mule Creek, New Mexico	United States
	85.0	139,647,020.0
	72	42
	$127,400	$338,100
	18.3%	16.6%
	57.5%	57.0%
	65.2%	101.1%
	$5.23	$10.98
	$584	$2,690
	41.2%	57.4%
	38.8%	11.2%
	20.0%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	38.8%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	54.3%	4.5%
	14.3%	11.3%
	17.1%	13.0%
	0.0%	20.1%
	0.0%	13.6%
	14.3%	8.3%
	0.0%	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%
	0.0%	13.6%
	0.0%	13.6%
	34.1%	13.6%
	10.6%	13.2%
	0.0%	14.8%
	34.1%	13.6%
	0.0%	10.0%
	49.4%	4.7%
	5.9%	12.2%

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