Folsom, NM Foreclosures
How much do homes sell for in Folsom, NM?
The average home price is currently $181,958.
In Folsom, NM, how many homes are available?
There are currently 1 active home listings available in Folsom.
What’s the average rental cost in Folsom, NM?
The average rental price in Folsom is $958.
What is the most expensive home in Folsom?
The most expensive home sold in Folsom had a price of $531,764.
What is currently the cheapest priced home in Folsom, NM?
The cheapest home for sale in Folsom is priced at $44,190.
Living in Folsom, NM
Folsom, NM, is a quaint, rural community located against the stunning backdrop of the Sangre de Cristo Mountains. This small town offers a friendly atmosphere, affordable housing, and abundant outdoor recreation opportunities. Public schools in the area work closely with families to nurture education and community spirit.
Current Market Conditions in Folsom, NM
The real estate market in Folsom, NM, is characterized by its affordability and the emergence of new listings as more buyers seek the tranquility of rural life. Homes here generally offer good value, appealing to both first-time homebuyers and those looking for a second home in nature.
With a steady influx of interest from city dwellers looking for clean air and open spaces, Folsom has seen a slight increase in property values over the last year. As more people embrace remote work, the demand for homes in this serene area is expected to grow.
Home Value Estimator For Folsom, NM
There are currently 19 real estate properties
in Folsom, NM,
with a median automated valuation model (AVM) price
of $101,626.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Folsom, 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 Folsom, NM,
is $181,958.00, with the most expensive house
in Folsom, NM, topping out
at $531,764.00 and the cheapest home
in Folsom, NM,
clocking in at $44,190.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Folsom, NM!
Rent Prices
In Folsom, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Folsom, NM, is on
a rollercoaster ride. The
average rent price in Folsom, NM,
is $958.00. Indeed, when looking to rent in
Folsom, NM, you can expect to pay as little
as $820.00 or as much
as $1,250.00,
with the average rent median estimated to
be $990.00. The good news is that finding
an affordable and desirable property to rent in Folsom, 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.
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