There are currently 79 real estate properties in Chama, NM, with a median automated valuation model (AVM) price of $212,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Chama, 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 Chama, NM, is $267,120.00, with the most expensive house in Chama, NM, topping out at $1,587,500.00 and the cheapest home in Chama, NM, clocking in at $40,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Chama, NM!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chama, NM, is on a rollercoaster ride. The average rent price in Chama, NM, is $1,072.00. Indeed, when looking to rent in Chama, NM, you can expect to pay as little as $740.00 or as much as $1,480.00, 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 Chama, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Chama, NM area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Chama, NM and much more. Save thousands at closing with home foreclosure listings in Chama, NM — up to 75% off market value!
Chama is located in Rio Arriba, New Mexico, with an estimated municipal population of 992 residents. All of the best foreclosed homes for sale in Chama are located in the following zip code areas on Foreclosure.com: 87520. The estimated population per square kilometer (.62 miles) in Chama is 143.
So, about how much do homes cost in Chama? The most recent median value of resident-owned homes in Chama is 165,025. An estimated 84.1 percent of households in Chama own their homes, with an average family size of 4.16. The median household income in Chama is 35,357, with3.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Chama, the median commute time of resident workers (in minutes) is 25.5. And last, but certainly not least, are you looking for homes to rent in Chama? If so, the average rent price paid by renters in Chama is 741, according to recent statistics.
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 Chama, 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 Chama is 48.5, split between 48.4 percent male versus 51.6 female. The percentage of residents who report being married in Chama is 31.3, with an average family size of 4.16.
The percentage of residents who report their race in Chama is as follows:
|Black / African American||3.7%|
|American Indian / Alaskan Native||12.5%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Chama? Or maybe you are searching for 55+ active adult communities in and/or near Chama?
The percentage of residents who report their age in Chama is as follows:
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 Chama with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Chama.
How do you know that living in -- or moving to -- Chama is right where you need to be? Perhaps you grew up in Chama or already live nearby; therefore, the decision to buy a home in Chama is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Chama 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 Chama:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Chama.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Chama can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Chama, meanwhile, can field multiple offers from more qualified buyers.