88103, Cannon Afb, NM

Home Equity and Home Prices in the 88103 Zip Code of Cannon Afb, NM

The home equity and home prices in the 88103 zip code of Cannon Afb, NM are reflective of the overall market conditions in this area. Over the past year or so, there has been a general trend of decreasing home equity values and prices across most markets nationwide. This is likely due to a number of factors including low interest rates, increased competition among buyers, and increasing mortgage rates. In Cannon Afb specifically, there has been a decrease in both home equity values and prices since 2016. The median home equity value in this zip code was $101,000 back then; however, as of September 2018 it had decreased to $87,500. Meanwhile, the median price for homes within this zip code has also decreased over this time period - from $165,000 back in 2016 to $147k as of September 2018. Overall these figures suggest that there is an ongoing trend of decreasing housing values and equity within the 88103 zip code.

While it is difficult to predict exactly how long this trend will continue or whether it will eventually reverse course - either way - it is important to be aware of these trends so that you can make informed decisions about your own personal finances. If you are looking to buy or sell a property within the 88103 zip code - or anywhere else for that matter - it would be wise to consult with a qualified real estate agent who can help you assess current market conditions and make sound decisions based on your specific needs and circumstances.