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Rent To Own Homes in Albuquerque, NM 87112

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Albuquerque, NM Foreclosures

How much do homes sell for in Albuquerque, NM?
The average home price is currently $385,193.
In Albuquerque, NM, how many homes are available?
There are currently 28 active home listings available in Albuquerque.
What’s the average rental cost in Albuquerque, NM?
The average rental price in Albuquerque is $1,372.
What is the most expensive home in Albuquerque?
The most expensive home sold in Albuquerque had a price of $15,059,657.
What is currently the cheapest priced home in Albuquerque, NM?
The cheapest home for sale in Albuquerque is priced at $19,289.

Living in Albuquerque, NM

Albuquerque, NM is a bustling city offering a rich cultural heritage, an array of outdoor activities, and a strong community vibe. With its unique Southwestern flavor, residents enjoy a high quality of life surrounded by the stunning landscapes of the Sandia Mountains. The area provides access to numerous amenities, educational institutions, and recreational opportunities.

Current Market Conditions in Albuquerque, NM

Albuquerque’s real estate market has shown strong growth over the past few years, making it a competitive but welcoming place for buyers. Properties are moving quickly, particularly in desirable neighborhoods, with many listings receiving multiple offers shortly after being placed on the market.

A steady demand for homes in Albuquerque, along with historically low mortgage rates, has contributed to rising home prices. Despite the increases, the market remains accessible compared to larger metropolitan areas, attracting new residents.

Home Value Estimator For Albuquerque, NM

There are currently 198,331 real estate properties in Albuquerque, NM, with a median automated valuation model (AVM) price of $340,734.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Albuquerque, 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 Albuquerque, NM, is $385,193.00, with the most expensive house in Albuquerque, NM, topping out at $15,059,657.00 and the cheapest home in Albuquerque, NM, clocking in at $19,289.00. In other words, there’s something for every potential homebuyer or savvy investor in Albuquerque, NM!

Rent Prices In Albuquerque, NM

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Albuquerque, NM, is on a rollercoaster ride. The average rent price in Albuquerque, NM, is $1,372.00. Indeed, when looking to rent in Albuquerque, NM, you can expect to pay as little as $460.00 or as much as $5,380.00, with the average rent median estimated to be $1,310.00. The good news is that finding an affordable and desirable property to rent in Albuquerque, 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.

Albuquerque, NM 87112 Rent To Own Homes

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