City:

Mills, NM

Mills is a city in the state of new-mexico with a population of roughly 22. It is in Harding, New Mexico Its Zip codes include 87730 .

Price Trends in Mills, NM

Mills, New Mexico is a small town located in the southwestern corner of the state. The population was just over 2,000 in 2010 and has been steadily declining since then. Mills was founded in 1881 and served as a stop on the Santa Fe Trail. The town's economy was based on agriculture until the early 20th century, when it began to develop as a tourist destination due to its location on the Rio Grande Gorge. Today, Mills is primarily a retirement community with a small commercial center.

Real estate in Mills is dominated by single-family homes and condos. There are also some duplexes and apartments available, but they are relatively rare. The average price for a single-family home was $128,000 in 2016, while condos averaged $92,000. The median price for all types of real estate was $101,500.

The primary reason why real estate prices are high in Mills is because there is very little available for sale outside of the town itself. There are only about 100 acres of land within city limits and most of that is zoned for commercial use or government buildings. This means that there is not much room for new development and competition from other towns has kept prices high.

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