87002, Belen, NM

Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage. In Belen, NM, home equity averaged $157,000 in 2016. This means that homeowners in this zip code had more than 20% of their home's value left over after paying off their mortgages.

Belen's average home price was $138,500 in 2016. This means that homeowners in this zip code earned an average of 7% return on their investment in 2016. Home prices have been increasing steadily since 2010, when they averaged $127,000.

While Belen's average home price is high compared to other zip codes in New Mexico, it is still below the national median of $217,500. Additionally, Belen's rate of return is above the state median of 5%. This indicates that there are opportunities for homeowners to earn higher returns by investing in homes here than elsewhere in New Mexico.

Overall, Belen's high level of home equity and stable prices indicate that it is a good place to invest in homes. Homeowners who are looking for stability and reasonable rates of return should consider investing here