Hernandez, NM Foreclosures
How much do homes sell for in Hernandez, NM?
The average home price is currently $274,918.
In Hernandez, NM, how many homes are available?
There are currently 1 active home listings available in Hernandez.
What’s the average rental cost in Hernandez, NM?
The average rental price in Hernandez is $1,208.
What is the most expensive home in Hernandez?
The most expensive home sold in Hernandez had a price of $1,348,800.
What is currently the cheapest priced home in Hernandez, NM?
The cheapest home for sale in Hernandez is priced at $17,600.
Living in Hernandez, NM
Hernandez, NM, is a quaint community set against the breathtaking backdrop of the Sangre de Cristo mountains. This area offers a tranquil lifestyle filled with rich cultural history and delightful outdoor activities. Residents benefit from a close-knit community atmosphere, with nearby schools and local amenities making it an ideal place to call home.
Current Market Conditions in Hernandez, NM
The real estate market in Hernandez has shown steady growth over the past few years. The prices of homes have been rising, driven by increased demand for properties that blend rural charm with stunning natural landscapes. Investors are increasingly attracted to this area, given its affordability compared to nearby Taos and Santa Fe, making it a desirable alternative for those seeking a more tranquil lifestyle without sacrificing access to amenities.
Current trends indicate that many buyers are looking for homes that offer outdoor space, which aligns with the growing interest in remote working and the desire for a peaceful retreat. The market is becoming more competitive, with listings receiving multiple offers, especially on well-maintained properties.
Home Value Estimator For Hernandez, NM
There are currently 403 real estate properties
in Hernandez, NM,
with a median automated valuation model (AVM) price
of $255,108.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Hernandez, 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 Hernandez, NM,
is $274,918.00, with the most expensive house
in Hernandez, NM, topping out
at $1,348,800.00 and the cheapest home
in Hernandez, NM,
clocking in at $17,600.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Hernandez, NM!
Rent Prices
In Hernandez, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Hernandez, NM, is on
a rollercoaster ride. The
average rent price in Hernandez, NM,
is $1,208.00. Indeed, when looking to rent in
Hernandez, NM, you can expect to pay as little
as $810.00 or as much
as $2,050.00,
with the average rent median estimated to
be $1,120.00. The good news is that finding
an affordable and desirable property to rent in Hernandez, 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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