Gallup, NM Foreclosures
How much do homes sell for in Gallup, NM?
The average home price is currently $196,685.
In Gallup, NM, how many homes are available?
There are currently 12 active home listings available in Gallup.
What’s the average rental cost in Gallup, NM?
The average rental price in Gallup is $950.
What is the most expensive home in Gallup?
The most expensive home sold in Gallup had a price of $7,265,889.
What is currently the cheapest priced home in Gallup, NM?
The cheapest home for sale in Gallup is priced at $19,500.
Living in Gallup, NM
Gallup, NM is a charming city celebrated for its historical significance and Native American culture. It offers an array of amenities, easy access to nature, and strong community ties, making it an attractive place for families and individuals. Residents enjoy a blend of cultural vibrancy and outdoor activities amidst scenic landscapes.
Current Market Conditions in Gallup, NM
The real estate market in Gallup, NM, has experienced steady growth, bolstered by its cultural attractions and local amenities. The area appeals to both first-time homebuyers and investors, given its relatively affordable housing options compared to national averages, increasing interest in the community.
Data suggests that Gallup has seen a rise in home prices over the past year, while demand remains strong. Potential buyers are drawn to the historic charm, affordability, and unique lifestyle Gallup offers, indicating a thriving market with great investment potential.
Home Value Estimator For Gallup, NM
There are currently 4,492 real estate properties
in Gallup, NM,
with a median automated valuation model (AVM) price
of $177,929.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Gallup, 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 Gallup, NM,
is $196,685.00, with the most expensive house
in Gallup, NM, topping out
at $7,265,889.00 and the cheapest home
in Gallup, NM,
clocking in at $19,500.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Gallup, NM!
Rent Prices
In Gallup, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Gallup, NM, is on
a rollercoaster ride. The
average rent price in Gallup, NM,
is $950.00. Indeed, when looking to rent in
Gallup, NM, you can expect to pay as little
as $570.00 or as much
as $1,720.00,
with the average rent median estimated to
be $930.00. The good news is that finding
an affordable and desirable property to rent in Gallup, 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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