Zip 88008 (Santa Teresa, NM) Housing

Housing in 88008 Santa Teresa, NM is highly desirable with a median value of $283,200. This is significantly lower than the US housing median value of $338,100, making it an attractive option for those looking to purchase a home. The one-year appreciation rate for housing in this area stands at 16.79%, which is much higher than the national average of 8.27%. Those who invest in 88008 Santa Teresa, NM can expect to see healthy returns on their investments over time.

The median home cost in Santa Teresa (zip 88008) is $283,200. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Santa Teresa (zip 88008) is up 18.3%.

Average Age of Homes

- The median age of Santa Teresa (zip 88008) real estate is 22 years old

The Rental Market in Santa Teresa (zip 88008)

- Renters make up 38.0% of the Santa Teresa (zip 88008) population
- 3.2% of houses and apartments in Santa Teresa (zip 88008), 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	Santa Teresa, New Mexico	United States
	4,245.0	139,647,020.0
	17	42
	$283,200	$338,100
	18.3%	16.6%
	57.5%	57.0%
	65.2%	101.1%
	$7.82	$10.98
	$2,130	$2,690
	73.9%	57.4%
	5.7%	11.2%
	20.4%	31.4%
Vacant Housing
	3.2%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	1.6%	3.6%
	0.9%	4.1%
Value of Owner-Occupied Housing
	3.5%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	15.0%	11.3%
	33.7%	13.0%
	40.5%	20.1%
	4.5%	13.6%
	1.4%	8.3%
	1.4%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.7%	0.2%
	16.7%	13.6%
	16.7%	13.6%
	20.3%	13.6%
	11.5%	13.2%
	10.6%	14.8%
	20.3%	13.6%
	0.1%	10.0%
	0.0%	4.7%
	0.0%	12.2%

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