Living in Regina, NM
Regina, NM is a charming small community known for its stunning natural beauty and peaceful rural lifestyle. Nestled in Torrance County, it offers a great environment for outdoor activities and family living, making it an ideal place for those who appreciate nature and a tight-knit community atmosphere. Access to larger towns provides essential services, while still allowing residents to enjoy the serenity of rural life.
Current Market Conditions in Regina, NM
The real estate market in Regina, NM, is characterized by affordable housing options, making it an attractive choice for first-time homebuyers and retirees alike. Currently, homes in this area tend to sell at lower prices compared to national averages, providing excellent value for potential investors.
An interesting trend emerging in recent months is the increasing interest in rural properties as remote work becomes more common, leading more people to seek homes in communities like Regina where they can enjoy space and nature.
Home Value Estimator For Regina, NM
There are currently 59 real estate properties
in Regina, NM,
with a median automated valuation model (AVM) price
of $144,580.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Regina, NM, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Regina, NM,
is $184,862.00, with the most expensive house
in Regina, NM, topping out
at $717,821.00 and the cheapest home
in Regina, NM,
clocking in at $26,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Regina, NM!
Rent Prices
In Regina, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Regina, NM, is on
a rollercoaster ride. The
average rent price in Regina, NM,
is $1,107.00. Indeed, when looking to rent in
Regina, NM, you can expect to pay as little
as $710.00 or as much
as $1,680.00,
with the average rent median estimated to
be $1,070.00. The good news is that finding
an affordable and desirable property to rent in Regina, NM
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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