87524, Costilla, NM

Home equity is the difference between the market value of a home and the amount of money that a homeowner owes on their mortgage. In Costilla, NM, home equity averaged $188,000 in 2016. This means that homeowners in this zip code have more than 20% of their home's market value left on their mortgage.

Home prices in Costilla, NM have been increasing steadily over the past few years. The median price of homes sold in 2016 was $269,000. This is up from $215,000 in 2013 and $183,000 in 2007.

There are many factors that contribute to home prices and home equity growth in Costilla, NM. These include low unemployment rates (4% as of May 2017), a strong economy with steady job growth and low interest rates (3%), and limited inventory availability due to high demand from buyers.

Overall, homeowners in Costilla are doing well financially thanks to strong home values and ample equity reserves. If you're looking for a safe investment opportunity or want to buy your first home, consider investing in property near Costilla, NM.