Housing in 87553 Penasco, NM is very affordable compared to the US median value. The median value of homes in 87553 Penasco, NM is $198,600 while the US median value is $338,100. Additionally, the 1 year house appreciation rate in 87553 Penasco, NM is 15.22%, which is significantly higher than the US house appreciation rate of 8.27%. This indicates that housing prices in this area are on the rise and could be a great opportunity for potential buyers looking to invest in property in this area.
The median home cost in Penasco (zip 87553) is $198,600. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Penasco (zip 87553) is up 15.7%.
Average Age of Homes
- The median age of Penasco (zip 87553) real estate is 40 years old
The Rental Market in Penasco (zip 87553)
- Renters make up 14.3% of the Penasco (zip 87553) population
- 1.9% of houses and apartments in Penasco (zip 87553), 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.