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Preforeclosure Homes in Cannon Afb, NM

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Living in Cannon Afb, NM

Cannon Air Force Base is a military installation located in New Mexico offering a robust community atmosphere with access to recreational activities, educational facilities, and surrounding amenities. Nearby Clovis provides a mix of urban conveniences while retaining the charm of a small town, making it an ideal spot for military personnel and families. The area is known for its supportive community environment, excellent recreational opportunities, and diverse schooling options.

Current Market Conditions in Cannon Afb, NM

The current real estate market around Cannon AFB is relatively stable with a steady demand for housing, particularly among military personnel and their families. The area is seeing an increase in home purchases due to the economic stability provided by the military base, resulting in a balanced inventory of homes available for sale and rent.

Additionally, there has been a noticeable rise in rental prices as demand hasn't fully caught up with supply, making it a competitive market for prospective renters.

Home Value Estimator For Cannon Afb, NM

There are currently 525 real estate properties in Cannon Afb, NM, with a median automated valuation model (AVM) price of $71,052.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cannon Afb, 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 Cannon Afb, NM, is $109,582.00, with the most expensive house in Cannon Afb, NM, topping out at $2,535,863.00 and the cheapest home in Cannon Afb, NM, clocking in at $25,992.00. In other words, there’s something for every potential homebuyer or savvy investor in Cannon Afb, NM!

Rent Prices In Cannon Afb, NM

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cannon Afb, NM, is on a rollercoaster ride. The average rent price in Cannon Afb, NM, is $881.00. Indeed, when looking to rent in Cannon Afb, NM, you can expect to pay as little as $630.00 or as much as $1,360.00, with the average rent median estimated to be $830.00. The good news is that finding an affordable and desirable property to rent in Cannon Afb, 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.

Cannon Afb, NM Preforeclosure Homes


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