The housing market in Questa, NM (87556) is booming. According to the US Census Bureau, the median value of houses in 87556 is $191,500 - almost 45% lower than the national median house value of $338,100. Despite this lower cost, housing prices in 87556 have increased by 15.22% in the last year - significantly higher than the national appreciation rate of 8.27%. Clearly, Questa is a great place to invest in real estate right now as its low cost and high appreciation provide a unique opportunity for potential buyers to get a great return on their investment.
The median home cost in Questa (zip 87556) is $191,500. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Questa (zip 87556) is up 15.7%.
Average Age of Homes
- The median age of Questa (zip 87556) real estate is 33 years old
The Rental Market in Questa (zip 87556)
- Renters make up 21.8% of the Questa (zip 87556) population
- 1.6% of houses and apartments in Questa (zip 87556), 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.