Foreclosure Homes in Belen, NM 87002

Current Market Conditions in Belen, NM

The real estate market in Belen has shown consistent growth over the past year, with increased demand for single-family homes and a decline in inventory, leading to a competitive environment. Prices have rebounded after a slight dip during the previous years, demonstrating the area's potential for investment as new residents are drawn to the region's affordability and quality of life.

As of recent months, Belen has attracted interest from homebuyers seeking more affordable housing options outside larger urban centers. The market is characterized by a healthy balance of new developments and existing home sales, making it an appealing option for a variety of buyers.

Rent Prices In Belen, NM

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Belen, NM, is on a rollercoaster ride. The average rent price in Belen, NM, is $973.00. Indeed, when looking to rent in Belen, NM, you can expect to pay as little as $510.00 or as much as $2,220.00, with the average rent median estimated to be $930.00. The good news is that finding an affordable and desirable property to rent in Belen, 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.