The housing in 87416 Upper Fruitland, NM is quite favorable compared to the US median value. The median house value in this area is $202,000 which is lower than the national median of $338,100. However, the one-year appreciation rate for houses in 87416 Upper Fruitland, NM is much higher than the national average at 15.14%. This makes it a desirable location for potential homebuyers as they can expect their investments to appreciate quickly and gain more value over time.
The median home cost in Upper Fruitland (zip 87416) is $202,000. Home appreciation the last 10 years has been 37.1%. Home Appreciation in Upper Fruitland (zip 87416) is up 13.4%.
Average Age of Homes
- The median age of Upper Fruitland (zip 87416) real estate is 33 years old
The Rental Market in Upper Fruitland (zip 87416)
- Renters make up 14.1% of the Upper Fruitland (zip 87416) population
- 0.3% of houses and apartments in Upper Fruitland (zip 87416), 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.