Chimayo, NM Foreclosures
How much do homes sell for in Chimayo, NM?
The average home price is currently $300,933.
What’s the average rental cost in Chimayo, NM?
The average rental price in Chimayo is $1,118.
What is the most expensive home in Chimayo?
The most expensive home sold in Chimayo had a price of $1,587,240.
What is currently the cheapest priced home in Chimayo, NM?
The cheapest home for sale in Chimayo is priced at $18,700.
Living in Chimayo, NM
Chimayo, NM is a charming village known for its rich cultural history and stunning natural beauty. Located within the breathtaking landscapes of northern New Mexico, it offers a peaceful lifestyle and access to a variety of outdoor activities. The town is famous for the Santuario de Chimayo, attracting visitors from all over seeking solace and inspiration.
Current Market Conditions in Chimayo, NM
The real estate market in Chimayo, NM has been stable, with home prices gradually increasing due to the area’s growing popularity. The demand for homes in this scenic, culturally rich town has attracted buyers seeking a retreat away from urban life. As more people look to invest in properties here, housing inventory remains limited, making it a competitive market.
Chimayo's unique appeal as a historic site and its beautiful surroundings contribute to a stable housing market. Local economic factors are positive, with a consistent interest in vacation homes and retirement properties. There is a noticeable trend towards increased investment in the area, enhancing its desirability.
Home Value Estimator For Chimayo, NM
There are currently 852 real estate properties
in Chimayo, NM,
with a median automated valuation model (AVM) price
of $277,723.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Chimayo, 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 Chimayo, NM,
is $300,933.00, with the most expensive house
in Chimayo, NM, topping out
at $1,587,240.00 and the cheapest home
in Chimayo, NM,
clocking in at $18,700.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Chimayo, NM!
Rent Prices
In Chimayo, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Chimayo, NM, is on
a rollercoaster ride. The
average rent price in Chimayo, NM,
is $1,118.00. Indeed, when looking to rent in
Chimayo, NM, you can expect to pay as little
as $590.00 or as much
as $2,490.00,
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 Chimayo, 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.
Learn more on Foreclosure homes
