Zip 87047 (Sandia Park, NM) Housing

The housing median value in 87047 Sandia Park, New Mexico is $423,300, which is considerably higher than the US house median value of $338,100. Additionally, the one-year house appreciation in 87047 Sandia Park is 13.83%, which is also higher than the US one-year house appreciation of 8.27%. This indicates that the housing market in 87047 Sandia Park, NM is performing better than the national average and could be a good investment for potential buyers.

The median home cost in Sandia Park (zip 87047) is $423,300. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Sandia Park (zip 87047) is up 16.7%.

Average Age of Homes

- The median age of Sandia Park (zip 87047) real estate is 26 years old

The Rental Market in Sandia Park (zip 87047)

- Renters make up 8.7% of the Sandia Park (zip 87047) population
- 0.0% of houses and apartments in Sandia Park (zip 87047), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Sandia Park, New Mexico	United States
	2,224.0	139,647,020.0
	29	42
	$423,300	$338,100
	16.7%	16.6%
	56.4%	57.0%
	71.2%	101.1%
	$10.51	$10.98
	$2,334	$2,690
	74.9%	57.4%
	14.7%	11.2%
	10.4%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	3.1%	0.4%
	4.8%	3.6%
	6.9%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	3.3%	2.4%
	0.0%	2.8%
	1.9%	3.9%
	1.3%	4.5%
	1.8%	11.3%
	17.7%	13.0%
	19.0%	20.1%
	20.7%	13.6%
	9.4%	8.3%
	15.6%	9.7%
	7.7%	3.9%
	0.8%	2.2%
	0.8%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	20.5%	13.6%
	20.5%	13.6%
	28.3%	13.6%
	12.0%	13.2%
	17.9%	14.8%
	28.3%	13.6%
	5.9%	10.0%
	0.7%	4.7%
	1.6%	12.2%

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