Lifestyle

Areas with the costliest properties close to Santa Fe



(STACKER) – Buying a house is without doubt one of the most vital investments there may be. Greater than a spot to stay, homeownership is an asset with the potential to tremendously rise in worth. Given the present state of the true property market, housing affordability performs a figuring out position for consumers. As of Could 4, 2022, the 30-year fixed mortgage rate sits at 5.73%. On account of larger mortgage charges throughout the board, residence costs have risen considerably. In accordance with the National Association of Realtors, the nationwide median residence worth is $375,300—up from simply over $356,000 this time final yr.

Though residence costs have inflated all throughout the U.S., there are undoubtedly sure areas which have a better price ticket than others. Location, measurement, age, and situation are all contributing elements to residence worth. Whether or not you select to carry off your home-buying plans in hopes of the market cooling down or wish to purchase ASAP, it’s good to coach your self available on the market in numerous cities.

Stacker compiled a listing of cities with the costliest properties in Santa Fe utilizing information from Zillow. Cities are ranked by the Zillow Residence Values Index for all properties as of March 2022. Cities with at the very least three years of historic information had been included. The charts on this story had been created mechanically utilizing Matplotlib.

#6. Santa Cruz, NM

– Typical residence worth: $292,916
– 1-year worth change: +22.1%
– 5-year worth change: +44.5%

#5. Cerrillos, NM

– Typical residence worth: $336,009
– 1-year worth change: +6.4%
– 5-year worth change: +44.4%

#4. Edgewood, NM

– Typical residence worth: $344,372
– 1-year worth change: +19.7%
– 5-year worth change: +60.0%

#3. Stanley, NM

– Typical residence worth: $377,921
– 1-year worth change: +23.4%
– 5-year worth change: +63.4%

#2. Santa Fe, NM

– Typical residence worth: $539,924
– 1-year worth change: +20.4%
– 5-year worth change: +55.1%

#1. Lamy, NM

– Typical residence worth: $768,964
– 1-year worth change: +24.4%
– 5-year worth change: +58.1%



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