The housing market in 87731 Montezuma, NM is relatively strong. The median house value in the area is $251,700, significantly below the US median house value of $338,100. Despite this difference, the one-year house appreciation rate in 87731 Montezuma is 9.54%, slightly higher than the national average of 8.27%. This indicates that the housing market in Montezuma is stable and well above the country鈥檚 average.
The median home cost in Montezuma (zip 87731) is $251,700. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Montezuma (zip 87731) is up 12.5%.
Average Age of Homes
- The median age of Montezuma (zip 87731) real estate is 70 years old
The Rental Market in Montezuma (zip 87731)
- Renters make up 0.0% of the Montezuma (zip 87731) population
- 8.3% of houses and apartments in Montezuma (zip 87731), 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.