Zip 87323 (Thoreau, NM) Housing

Housing in 87323 Thoreau, NM is more affordable than the US House Median Value of $338,100. The median housing value in 87323 Thoreau, NM is $94,400 which is lower than the national average. Despite this, the one-year appreciation rate of 9.54% for homes in 87323 Thoreau, NM is higher than the national average of 8.27%. This indicates that housing prices are likely to continue to rise in this area over time and properties may be a great investment for buyers looking to capitalize on an appreciating market.

The median home cost in Thoreau (zip 87323) is $94,400. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Thoreau (zip 87323) is up 12.5%.

Average Age of Homes

- The median age of Thoreau (zip 87323) real estate is 33 years old

The Rental Market in Thoreau (zip 87323)

- Renters make up 9.8% of the Thoreau (zip 87323) population
- 0.4% of houses and apartments in Thoreau (zip 87323), 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	Thoreau, New Mexico	United States
	2,040.0	139,647,020.0
	32	42
	$94,400	$338,100
	12.5%	16.6%
	43.0%	57.0%
	56.6%	101.1%
	$17.45	$10.98
	$651	$2,690
	60.5%	57.4%
	32.0%	11.2%
	7.5%	31.4%
Vacant Housing
	0.4%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	2.2%	0.4%
	15.1%	3.6%
	14.2%	4.1%
Value of Owner-Occupied Housing
	19.0%	2.6%
	12.5%	2.4%
	13.0%	2.8%
	6.9%	3.9%
	5.8%	4.5%
	20.7%	11.3%
	5.8%	13.0%
	9.6%	20.1%
	3.6%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	3.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	17.5%	13.6%
	17.5%	13.6%
	26.1%	13.6%
	23.0%	13.2%
	15.6%	14.8%
	26.1%	13.6%
	5.5%	10.0%
	0.0%	4.7%
	1.1%	12.2%

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