Fence Lake, NM Foreclosures
How much do homes sell for in Fence Lake, NM?
The average home price is currently $216,885.
In Fence Lake, NM, how many homes are available?
There are currently 1 active home listings available in Fence Lake.
What’s the average rental cost in Fence Lake, NM?
The average rental price in Fence Lake is $865.
What is the most expensive home in Fence Lake?
The most expensive home sold in Fence Lake had a price of $798,948.
What is currently the cheapest priced home in Fence Lake, NM?
The cheapest home for sale in Fence Lake is priced at $49,414.
Living in Fence Lake, NM
Fence Lake, NM is a charming small community that boasts beautiful landscapes and a peaceful rural lifestyle. Residents have access to plenty of outdoor activities and a close-knit community. With its serene environment, Fence Lake is perfect for those looking to escape the city's hustle and bustle.
Current Market Conditions in Fence Lake, NM
The real estate market in Fence Lake has shown signs of steady growth over the past few months, characterized by a rise in demand for rural properties. With the allure of outdoor living and affordable housing options, more buyers are exploring the area, driving up home prices slightly compared to previous years.
The increase in remote work options has attracted more individuals and families to seek homes in more tranquil, less populated areas like Fence Lake. Recent developments in nearby regions have sparked interest, making this location a hidden gem for future investment.
Home Value Estimator For Fence Lake, NM
There are currently 48 real estate properties
in Fence Lake, NM,
with a median automated valuation model (AVM) price
of $161,000.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Fence Lake, 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 Fence Lake, NM,
is $216,885.00, with the most expensive house
in Fence Lake, NM, topping out
at $798,948.00 and the cheapest home
in Fence Lake, NM,
clocking in at $49,414.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Fence Lake, NM!
Rent Prices
In Fence Lake, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Fence Lake, NM, is on
a rollercoaster ride. The
average rent price in Fence Lake, NM,
is $865.00. Indeed, when looking to rent in
Fence Lake, NM, you can expect to pay as little
as $540.00 or as much
as $1,370.00,
with the average rent median estimated to
be $820.00. The good news is that finding
an affordable and desirable property to rent in Fence Lake, 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.
Learn more on Foreclosure homes
