Zip 87061 (Torreon, NM) Housing

In Torreon, New Mexico (zip code 87061), the median value of a house is $191,300. This is significantly lower than the US median value of $338,100. However, the rate of appreciation for homes in Torreon has been higher over the past year, at 13.83% compared to only 8.27% nationwide. This makes investing in housing in Torreon an attractive option for many potential buyers.

The median home cost in Torreon (zip 87061) is $191,300. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Torreon (zip 87061) is up 16.7%.

Average Age of Homes

- The median age of Torreon (zip 87061) real estate is 24 years old

The Rental Market in Torreon (zip 87061)

- Renters make up 4.3% of the Torreon (zip 87061) population
- 0.0% of houses and apartments in Torreon (zip 87061), 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	Torreon, New Mexico	United States
	206.0	139,647,020.0
	27	42
	$191,300	$338,100
	16.7%	16.6%
	56.4%	57.0%
	71.2%	101.1%
	$5.68	$10.98
	$843	$2,690
	64.1%	57.4%
	35.9%	11.2%
	0.0%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	35.9%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	42.4%	3.9%
	0.0%	4.5%
	0.0%	11.3%
	0.0%	13.0%
	34.8%	20.1%
	22.7%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.6%	13.6%
	14.6%	13.6%
	59.2%	13.6%
	26.2%	13.2%
	0.0%	14.8%
	59.2%	13.6%
	0.0%	10.0%
	0.0%	4.7%
	0.0%	12.2%

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