The housing market in Hope, NM is fairly affordable compared to the US average. The median value of a house in Hope, NM is $233,700, whereas the US median value is $338,100. In addition, The US 1 year House Appreciation was 8.27%, while in Hope NM it was 4.31%. This slower appreciation rate indicates that buying a home in Hope, NM may be a wise investment for those looking for a more affordable option than what can be found in other states across the country.
The median home cost in Hope is $233,700. Home appreciation the last 10 years has been 51.7%. Home Appreciation in Hope is up 6.2%.
Average Age of Homes
- The median age of Hope real estate is 59 years old
The Rental Market in Hope
- Renters make up 5.3% of the Hope population
- 0.0% of houses and apartments in Hope, 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.