Lordsburg, NM Foreclosures
How much do homes sell for in Lordsburg, NM?
The average home price is currently $111,287.
What’s the average rental cost in Lordsburg, NM?
The average rental price in Lordsburg is $833.
What is the most expensive home in Lordsburg?
The most expensive home sold in Lordsburg had a price of $833,300.
What is currently the cheapest priced home in Lordsburg, NM?
The cheapest home for sale in Lordsburg is priced at $24,500.
Living in Lordsburg, NM
Lordsburg, New Mexico, is a quaint town that offers a peaceful desert lifestyle with stunning natural landscapes. It boasts a friendly community atmosphere and essential amenities for daily living. With recreational opportunities just around the corner, it is an ideal spot for nature enthusiasts and those looking for a slower pace of life.
Current Market Conditions in Lordsburg, NM
The real estate market in Lordsburg has remained stable over the past year, with a slight increase in property values as interest in the area grows. New families and retirees have been drawn to the town, leading to a steady demand for single-family homes and rentals. The affordability of housing compared to larger cities in New Mexico makes Lordsburg an appealing option for potential buyers.
Recent market trends indicate a diversification in property types available in Lordsburg, with both traditional homes and modern builds being introduced. As the area continues to attract new residents, the local government is working on infrastructure improvements to support this growth. Agents suggest that prices will continue to rise modestly as the town's appeal grows.
Home Value Estimator For Lordsburg, NM
There are currently 810 real estate properties
in Lordsburg, NM,
with a median automated valuation model (AVM) price
of $89,852.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lordsburg, 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 Lordsburg, NM,
is $111,287.00, with the most expensive house
in Lordsburg, NM, topping out
at $833,300.00 and the cheapest home
in Lordsburg, NM,
clocking in at $24,500.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lordsburg, NM!
Rent Prices
In Lordsburg, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lordsburg, NM, is on
a rollercoaster ride. The
average rent price in Lordsburg, NM,
is $833.00. Indeed, when looking to rent in
Lordsburg, NM, you can expect to pay as little
as $570.00 or as much
as $2,120.00,
with the average rent median estimated to
be $840.00. The good news is that finding
an affordable and desirable property to rent in Lordsburg, 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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