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Preforeclosure Homes in Gallup, NM 87301

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Living in Gallup, NM

Gallup, NM, is a charming city steeped in Native American culture, offering both a vibrant community and stunning natural landscapes. With a variety of outdoor activities and essential amenities, it's a great place for families and retirees alike. Experience the unique atmosphere of this Route 66 town.

Current Market Conditions in Gallup, NM

The real estate market in Gallup is steadily growing, with an increase in the demand for both residential and commercial properties. As the city continues to develop its tourism and cultural attractions, investors are recognizing the potential for appreciation in property values.

Current trends show a rise in home prices, but there are still opportunities for affordable investments. With the city planning further developments, it is an ideal time for investors to consider Gallup as a promising market.

Home Value Estimator For Gallup, NM

There are currently 4,482 real estate properties in Gallup, NM, with a median automated valuation model (AVM) price of $182,986.00. 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 $198,606.00, 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.

Gallup, NM 87301 Preforeclosure Homes


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