The housing market in 87364 Sheep Springs, NM is quite strong. The median value of homes in the area is $82,500, which is much lower than the national median of $338,100. This makes it a great option for those looking to purchase a home at an affordable price. However, the 1-year appreciation rate of 9.54%, while slightly higher than the national average of 8.27%, still makes it a viable investment opportunity when compared to other areas across the country. It's a smart choice for budget-conscious buyers and investors alike.
The median home cost in Sheep Springs (zip 87364) is $82,500. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Sheep Springs (zip 87364) is up 12.5%.
Average Age of Homes
- The median age of Sheep Springs (zip 87364) real estate is 36 years old
The Rental Market in Sheep Springs (zip 87364)
- Renters make up 9.7% of the Sheep Springs (zip 87364) population
- 0.3% of houses and apartments in Sheep Springs (zip 87364), 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.