Jal, NM Foreclosures
How much do homes sell for in Jal, NM?
The average home price is currently $133,916.
In Jal, NM, how many homes are available?
There are currently 3 active home listings available in Jal.
What’s the average rental cost in Jal, NM?
The average rental price in Jal is $814.
What is the most expensive home in Jal?
The most expensive home sold in Jal had a price of $981,335.
What is currently the cheapest priced home in Jal, NM?
The cheapest home for sale in Jal is priced at $48,676.
Living in Jal, NM
Jal, NM is a small town that boasts strong community ties and a peaceful lifestyle amidst beautiful desert landscapes. Known for its oil production, the town offers a balance of local amenities and outdoor activities, making it attractive for families looking for a rural escape.
Current Market Conditions in Jal, NM
The real estate market in Jal, NM, has maintained a steady pace, with modest price growth observed in the last quarter. The demand for homes remains stable, attributed to the community's appeal among families and those seeking a lower cost of living.
Investors are increasingly interested in Jal, particularly in the rental market, as job opportunities in the oil industry attract more residents. This trend suggests a growth potential for those looking to invest in residential properties.
Home Value Estimator For Jal, NM
There are currently 682 real estate properties
in Jal, NM,
with a median automated valuation model (AVM) price
of $104,990.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Jal, 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 Jal, NM,
is $133,916.00, with the most expensive house
in Jal, NM, topping out
at $981,335.00 and the cheapest home
in Jal, NM,
clocking in at $48,676.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Jal, NM!
Rent Prices
In Jal, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Jal, NM, is on
a rollercoaster ride. The
average rent price in Jal, NM,
is $814.00. Indeed, when looking to rent in
Jal, NM, you can expect to pay as little
as $590.00 or as much
as $1,470.00,
with the average rent median estimated to
be $770.00. The good news is that finding
an affordable and desirable property to rent in Jal, 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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