Lemitar, NM Foreclosures
How much do homes sell for in Lemitar, NM?
The average home price is currently $214,852.
In Lemitar, NM, how many homes are available?
There are currently 2 active home listings available in Lemitar.
What’s the average rental cost in Lemitar, NM?
The average rental price in Lemitar is $992.
What is the most expensive home in Lemitar?
The most expensive home sold in Lemitar had a price of $907,158.
What is currently the cheapest priced home in Lemitar, NM?
The cheapest home for sale in Lemitar is priced at $35,115.
Living in Lemitar, NM
Lemitir, NM is a charming small town that offers a peaceful lifestyle amidst the beautiful landscapes of New Mexico. Known for its friendly community and outdoor recreational opportunities, Lemitir is perfect for families and nature enthusiasts alike. With access to essential amenities and a focus on education, it presents a great place to live and grow.
Current Market Conditions in Lemitar, NM
The real estate market in Lemitir is currently stable, with a balanced supply and demand for homes. While the overall growth has been modest, there has been an uptick in interest from buyers looking for quiet living spaces away from the hustle and bustle of larger cities. Traditional ranch-style homes and modern builds are both available, catering to diverse preferences.
Investors are increasingly eyeing this area due to its beautiful scenery and potential for growth as more people seek refuge from urban centers. Home values have shown a slight increase, reflecting the desirability of the location.
Home Value Estimator For Lemitar, NM
There are currently 98 real estate properties
in Lemitar, NM,
with a median automated valuation model (AVM) price
of $172,430.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lemitar, 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 Lemitar, NM,
is $214,852.00, with the most expensive house
in Lemitar, NM, topping out
at $907,158.00 and the cheapest home
in Lemitar, NM,
clocking in at $35,115.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lemitar, NM!
Rent Prices
In Lemitar, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lemitar, NM, is on
a rollercoaster ride. The
average rent price in Lemitar, NM,
is $992.00. Indeed, when looking to rent in
Lemitar, NM, you can expect to pay as little
as $730.00 or as much
as $1,310.00,
with the average rent median estimated to
be $990.00. The good news is that finding
an affordable and desirable property to rent in Lemitar, 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.
Learn more on Foreclosure homes
