The housing market in 87040 Paguate, NM is faring quite well compared to the US on a whole. The median value of housing in the area is $55,300, significantly below the US median value of $338,100. However, this lower price point may be attractive to potential buyers as appreciation over the past year has been much higher at 13.83% compared to the US average of 8.27%. As such, real estate in 87040 Paguate, NM may provide an excellent opportunity for both buyers and sellers alike.
The median home cost in Paguate (zip 87040) is $55,300. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Paguate (zip 87040) is up 16.7%.
Average Age of Homes
- The median age of Paguate (zip 87040) real estate is 55 years old
The Rental Market in Paguate (zip 87040)
- Renters make up 4.6% of the Paguate (zip 87040) population
- 0.0% of houses and apartments in Paguate (zip 87040), 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.