The housing in 87740 Raton, NM is very affordable compared to the national median value. The median value for houses in this area is $135,000 which is significantly lower than the US median house value of $338,100. Not only is living in Raton, NM more affordable, but it also has experienced a higher appreciation rate over the last year (9.54%) than the rest of the country (8.27%). This makes it an attractive option for those looking to buy, as they are able to purchase a home at a lower cost and also have greater potential for future return on their investment.
The median home cost in Raton (zip 87740) is $135,000. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Raton (zip 87740) is up 12.5%.
Average Age of Homes
- The median age of Raton (zip 87740) real estate is 48 years old
The Rental Market in Raton (zip 87740)
- Renters make up 27.5% of the Raton (zip 87740) population
- 0.7% of houses and apartments in Raton (zip 87740), 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.