The housing market in 88056 Rodeo, NM is thriving. The median house value in this area is $148,300, much lower than the US average of $338,100. Despite its lower cost of living, Rodeo homes still appreciate quickly - 16.79%, compared to the US' 8.27%. This indicates that Rodeo is a desirable location for those looking to purchase a home at an affordable rate but who don't want to sacrifice appreciation potential. With real estate values on the rise and more people moving in due to its relative affordability in comparison with other places, now is an ideal time to purchase property in Rodeo.
The median home cost in Rodeo (zip 88056) is $148,300. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Rodeo (zip 88056) is up 18.3%.
Average Age of Homes
- The median age of Rodeo (zip 88056) real estate is 19 years old
The Rental Market in Rodeo (zip 88056)
- Renters make up 19.5% of the Rodeo (zip 88056) population
- 0.0% of houses and apartments in Rodeo (zip 88056), 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.