The housing market in Tucumcari, NM (zip code 88401) is doing well compared to the US as a whole. The median value of homes in the area is $73,700, which is significantly lower than the US median value of $338,100. However, what’s even more encouraging is that despite the lower median home value, 1 year house appreciation in Tucumcari was 9.54%, higher than the United States average of 8.27%. This indicates that housing prices are on the rise and that Tucumcari remains an attractive market for potential home buyers looking for good deals.
The median home cost in Tucumcari (zip 88401) is $73,700. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Tucumcari (zip 88401) is up 12.5%.
Average Age of Homes
- The median age of Tucumcari (zip 88401) real estate is 55 years old
The Rental Market in Tucumcari (zip 88401)
- Renters make up 17.5% of the Tucumcari (zip 88401) population
- 2.7% of houses and apartments in Tucumcari (zip 88401), 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.