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Foreclosures in Lamesa, TX 79331

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Living in Lamesa, TX

Lamesa, TX offers a small-town experience with a rich community spirit and access to essential amenities. It features excellent educational institutions and plenty of recreational options. Residents enjoy a peaceful lifestyle surrounded by beautiful Texas landscapes.

Current Market Conditions in Lamesa, TX

The real estate market in Lamesa is currently experiencing stability, with a notable demand for affordable housing. Investors can find properties at competitive prices and minimal competition, making it an appealing market for both rental and resale opportunities.

Home prices in Lamesa are relatively low compared to larger Texas cities, appealing to first-time buyers and investors seeking value. As the town grows, there is an opportunity for appreciation in property values and increased rental demand.

Home Value Estimator For Lamesa, TX

There are currently 4,228 real estate properties in Lamesa, TX, with a median automated valuation model (AVM) price of $93,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lamesa, TX, 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 Lamesa, TX, is $128,571.00, with the most expensive house in Lamesa, TX, topping out at $1,440,000.00 and the cheapest home in Lamesa, TX, clocking in at $12,892.00. In other words, there’s something for every potential homebuyer or savvy investor in Lamesa, TX!

Rent Prices In Lamesa, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lamesa, TX, is on a rollercoaster ride. The average rent price in Lamesa, TX, is $1,050.00. Indeed, when looking to rent in Lamesa, TX, you can expect to pay as little as $540.00 or as much as $2,320.00, with the average rent median estimated to be $990.00. The good news is that finding an affordable and desirable property to rent in Lamesa, TX -- 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.

Lamesa, TX 79331 Foreclosures


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