According to statistics, the population in Belen, NM amounts to 7,125, which shows decline -1% compared to the previous year. The median age of the city’s residents is 34. The average household income is $29,705, shifting decline -5% from the past year, and the average property value in Belen, NM decline -4% to $94,400 throughout the year.
|Number Of Employees||2,289|
|Median Property Value||$94,400|
The average household income in Belen, NM declined from $31,133 to $29,705 in the past year. This data is an estimate based upon 2,709 households in Belen, NM . The chart below presents how household income is distributed in Belen, NM in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Belen, NM shifted from $98,700 to $94,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Belen, NM in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Belen, NM properties falls in the '$125,000 to $149,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Belen, NM compared to median property taxes around the country. The prevalent amount of property taxes in Belen, NM equals $800, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$99,900||-67.6%|
|1 bed for sale||$147,500||N/A|
|2 bed for sale||$181,000||-11.3%|
|3 bed for sale||$273,700||+7.4%|
|4+ bed for sale||$264,200||-10.3%|
During Jul 2022, the average price for an apartment in/near Belen, NM decreased by 7.3% to $252,902.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $147,500 with no changes this month. Asking price for 2-bed apartment also decreased by 11.3% and a place of this size will now cost you $181,000. A 3-bed apartment goes for $273,700, it increased by 7.4% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 10.3% and made it down to $264,200.
|Listing Type||Jul||vs Last Month|
|Townhouses for sale||$149,000||+49.1%|
|Apartments for sale||$99,900||-46.5%|
|Houses for sale||$295,296||-16.9%|
|Land for sale||$192,421||+41.8%|
|Condos for sale||$155,000||N/A|
|Other for sale||$225,000||N/A|
The average cost of an apartment in Belen, NM decreased by 46.5% to $99,900. Price reports demonstrate that house price decreased by 16.9% this month making it up to $295,296. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $155,000. The property value of townhouses increased by 49.1%, you’ll have to spend around $149,000 to get one.