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Rent To Own Homes in Cerrillos, NM

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Cerrillos, NM Foreclosures

How much do homes sell for in Cerrillos, NM?
The average home price is currently $455,399.
In Cerrillos, NM, how many homes are available?
There are currently 55 active home listings available in Cerrillos.
What’s the average rental cost in Cerrillos, NM?
The average rental price in Cerrillos is $1,348.
What is the most expensive home in Cerrillos?
The most expensive home sold in Cerrillos had a price of $6,633,180.
What is currently the cheapest priced home in Cerrillos, NM?
The cheapest home for sale in Cerrillos is priced at $40,228.

Living in Cerrillos, NM

Cerrillos, NM is a charming village with rich history and culture set in a stunning natural landscape. Just south of Santa Fe, it offers a tranquil lifestyle with access to outdoor activities and community events. The village features unique local art and historic sites that reflect its mining heritage.

Current Market Conditions in Cerrillos, NM

The Cerrillos real estate market has seen a steady increase in interest due to its appeal as a quiet retreat near Santa Fe. Homes here tend to have character and often incorporate elements of the area's mining history, making them unique. Recent months have shown a growing interest from buyers looking for second homes or retirement properties, contributing to a modest uptick in home prices, although the market remains relatively stable compared to urban areas.

More families and individuals are seeking areas with affordable housing and access to nature, which has made Cerrillos an increasingly attractive option. The market features a mix of older homes that reflect the area's history and newer constructions aiming to capture the charm of the setting.

Home Value Estimator For Cerrillos, NM

There are currently 464 real estate properties in Cerrillos, NM, with a median automated valuation model (AVM) price of $362,833.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cerrillos, 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 Cerrillos, NM, is $455,399.00, with the most expensive house in Cerrillos, NM, topping out at $6,633,180.00 and the cheapest home in Cerrillos, NM, clocking in at $40,228.00. In other words, there’s something for every potential homebuyer or savvy investor in Cerrillos, NM!

Rent Prices In Cerrillos, NM

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cerrillos, NM, is on a rollercoaster ride. The average rent price in Cerrillos, NM, is $1,348.00. Indeed, when looking to rent in Cerrillos, NM, you can expect to pay as little as $630.00 or as much as $2,810.00, with the average rent median estimated to be $1,260.00. The good news is that finding an affordable and desirable property to rent in Cerrillos, 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.

Cerrillos, NM Rent To Own Homes

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