Algodones, NM Foreclosures
How much do homes sell for in Algodones, NM?
The average home price is currently $431,953.
In Algodones, NM, how many homes are available?
There are currently 105 active home listings available in Algodones.
What’s the average rental cost in Algodones, NM?
The average rental price in Algodones is $1,261.
What is the most expensive home in Algodones?
The most expensive home sold in Algodones had a price of $1,889,617.
What is currently the cheapest priced home in Algodones, NM?
The cheapest home for sale in Algodones is priced at $30,574.
Living in Algodones, NM
Algodones, NM, is a serene community situated just north of Albuquerque, offering stunning desert landscapes and a peaceful way of life. With ample outdoor activities and local amenities, it is an attractive location for families and nature enthusiasts. The close-knit community provides a sense of belonging while remaining conveniently accessible to larger urban centers.
Current Market Conditions in Algodones, NM
The real estate market in Algodones, NM, is currently stable, with moderate growth in home prices as demand for rural living increases. Buyers are attracted by the affordability and appeal of the area, which offers a unique blend of serene living and outdoor opportunities.
Investors can expect favorable investment conditions as the interest in Algodones continues to rise. With the ongoing improvements in local infrastructure and the proximity to Albuquerque, potential for appreciation of property value exists, making it an attractive prospect for real estate investments.
Home Value Estimator For Algodones, NM
There are currently 225 real estate properties
in Algodones, NM,
with a median automated valuation model (AVM) price
of $379,510.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Algodones, 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 Algodones, NM,
is $431,953.00, with the most expensive house
in Algodones, NM, topping out
at $1,889,617.00 and the cheapest home
in Algodones, NM,
clocking in at $30,574.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Algodones, NM!
Rent Prices
In Algodones, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Algodones, NM, is on
a rollercoaster ride. The
average rent price in Algodones, NM,
is $1,261.00. Indeed, when looking to rent in
Algodones, NM, you can expect to pay as little
as $460.00 or as much
as $3,010.00,
with the average rent median estimated to
be $1,220.00. The good news is that finding
an affordable and desirable property to rent in Algodones, 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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