The housing market in 87829 Quemado, NM is doing slightly better than the national average. The median value of a house in this area is $235,600, which is much lower than the national median of $338,100. Despite this lower cost however, the one year appreciation rate for house values here is 9.54%, which is higher than the US 1 year appreciation rate of 8.27%. This indicates that the local housing market in 87829 Quemado, NM is still growing and may continue to do so in the near future.
The median home cost in Quemado (zip 87829) is $235,600. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Quemado (zip 87829) is up 12.5%.
Average Age of Homes
- The median age of Quemado (zip 87829) real estate is 29 years old
The Rental Market in Quemado (zip 87829)
- Renters make up 3.8% of the Quemado (zip 87829) population
- 0.0% of houses and apartments in Quemado (zip 87829), 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.