Housing in the 87007 Paraje, NM area has seen significant appreciation over the past year. The median value of a house currently stands at $116,200, which is significantly less than the US median value of $338,100. This means that buyers looking to invest in this area can often find great deals on homes with plenty of potential for growth. In the last year alone, housing prices have appreciated by 13.83%, which is higher than the national appreciation rate of 8.27%. This trend suggests that investing in housing in this area now will likely result in a great return down the line.
The median home cost in Paraje (zip 87007) is $116,200. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Paraje (zip 87007) is up 16.7%.
Average Age of Homes
- The median age of Paraje (zip 87007) real estate is 43 years old
The Rental Market in Paraje (zip 87007)
- Renters make up 4.8% of the Paraje (zip 87007) population
- 0.0% of houses and apartments in Paraje (zip 87007), 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.