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Foreclosure Homes in Capitan, NM

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1 E-last-road-Capitan-NM-88316
Foreclosure
$294,900 List Price

3 Bed | 3 Bath | 1,730 Sq. Ft.

Dean-dr-Capitan-NM-88316
Preforeclosure

| 0 Sq. Ft.

Second-street-Capitan-NM-88316
Preforeclosure
2nd-st-Capitan-NM-88316
Preforeclosure
Displaying 1 - 4 of 4
 

Home Value Estimator For Capitan, NM

There are currently 18 real estate properties in Capitan, NM, with a median automated valuation model (AVM) price of $224,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Capitan, 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 Capitan, NM, is $272,689.00, with the most expensive house in Capitan, NM, topping out at $637,300.00 and the cheapest home in Capitan, NM, clocking in at $93,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Capitan, NM!


Rent Prices In Capitan, NM

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Capitan, NM, is on a rollercoaster ride. The average rent price in Capitan, NM, is $1,106.00. Indeed, when looking to rent in Capitan, NM, you can expect to pay as little as $880.00 or as much as $1,400.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in Capitan, 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.


Foreclosure Homes in Capitan, NM

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Capitan, NM area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Capitan, NM and much more. Save thousands at closing with home foreclosure listings in Capitan, NM — up to 75% off market value!


Top Reasons To Live In Capitan, NM In 2022

Capitan is located in Lincoln, New Mexico, with an estimated municipal population of 1,431 residents. All of the best foreclosed homes for sale in Capitan are located in the following zip code areas on Foreclosure.com: 88316. The estimated population per square kilometer (.62 miles) in Capitan is 169.


Cost Of Living In Capitan, NM

So, about how much do homes cost in Capitan? The most recent median value of resident-owned homes in Capitan is 143,645. An estimated 81.2 percent of households in Capitan own their homes, with an average family size of 3.47. The median household income in Capitan is 42,589, with10.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Capitan, the median commute time of resident workers (in minutes) is 26.5. And last, but certainly not least, are you looking for homes to rent in Capitan? If so, the average rent price paid by renters in Capitan is 795, according to recent statistics.


Diversity And Demographics In Capitan, New Mexico

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Capitan, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Capitan is 40.7, split between 53.2 percent male versus 46.8 female. The percentage of residents who report being married in Capitan is 42.2, with an average family size of 3.47.

The percentage of residents who report their race in Capitan is as follows:

White 97.8%
Black / African American 0.2%
Asian 0%
American Indian / Alaskan Native 0.6%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.3%
Other 1.1%

Looking for family-friendly neighborhoods in and/or near Capitan? Or maybe you are searching for 55+ active adult communities in and/or near Capitan?

The percentage of residents who report their age in Capitan is as follows:

Under 10 11%
Aged 10-19 22.4%
20s 5.9%
30s 9.1%
40s 10.1%
50s 12.6%
60s 12.2%
70s 10.6%
80+ 6.1%

Best Schools In Capitan, New Mexico

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Capitan with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Capitan.


Pros And Cons Of Living In Capitan, New Mexico

How do you know that living in -- or moving to -- Capitan is right where you need to be? Perhaps you grew up in Capitan or already live nearby; therefore, the decision to buy a home in Capitan is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Capitan for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Capitan:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Capitan.


Reasons To Move To Capitan, New Mexico, In 2022

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Capitan can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Capitan, meanwhile, can field multiple offers from more qualified buyers.

Capitan, NM Foreclosures


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